NEWS RELEASE

FOR IMMEDIATE RELEASE
 

CreditRiskMonitor.com Reports 2nd Quarter Results

VALLEY COTTAGE, NY-August 15, 2005-CreditRiskMonitor (OTCBB: CRMZ) issued its June 30, 2005 results earlier today.

Jerry Flum, CEO said, "Today we are reporting more than $1MM in net income for the second quarter, mostly driven by the previously announced gain from a legal settlement. The revenues of our core business - our on-line subscription service - continue to grow at a double digit pace. On a pro-forma basis, omitting the legal expenses of the recently concluded litigation and settlement proceeds received, CRM continues to operate at a profit and achieve positive cash flow."

The following presents the operating results for the three and six months ended June 30, 2005 and 2004, respectively, on an as reported and a pro forma basis that eliminates the litigation related activity:

              CREDITRISKMONITOR.COM, INC. AND SUBSIDIARY
                 CONSOLIDATED STATEMENTS OF OPERATIONS
          FOR THE 3 AND 6 MONTHS ENDED JUNE 30, 2005 AND 2004

                               3 Months Ended       6 Months Ended
                                  June 30,             June 30,
                                  -------              -------
                             2005         2004      2005      2004
                             ----         ----      ----      ----

Operating revenues       $   949,746 $ 806,426 $ 1,845,000 $1,633,624

Operating expenses:
  Data and product costs     277,239   248,253     516,615    518,754
  Selling, general and
   administrative expenses   638,570   452,920   1,263,526    984,996
  Litigation related
   legal fees and expenses    91,826    96,493     149,089    162,720
  Depreciation and
   amortization               16,191    14,276      32,733     32,260
                         ----------- --------- ----------- ----------
     Total operating
      expenses             1,023,826   811,942   1,961,963  1,698,730
                         ----------- --------- ----------- ----------

Loss from operations         (74,080)   (5,516)   (116,963)   (65,106)
Other income                   7,306     1,521      10,050      3,585
Gain on settlement of
 litigation                1,100,000        --   1,100,000         --
Interest expense             (16,999)  (18,261)    (34,833)   (37,109)
                         ----------- --------- ----------- ----------
Income (loss) before
 income taxes              1,016,227   (22,256)    958,254    (98,630)
Provision (benefit) for
 income taxes                     --      (329)      1,175        226
                         ----------- --------- ----------- ----------

Net income (loss)        $ 1,016,227 $ (21,927)$   957,079 $  (98,856)
                         =========== ========= =========== ==========
Net income (loss) per
 share
    Basic and diluted    $      0.13 $   (0.00)$      0.12 $    (0.01)
                         =========== ========= =========== ==========

The following is a reconciliation of the GAAP to non-GAAP information for the operating results for the three and six months ended June 30, 2005 and 2004, respectively, that eliminates the litigation related activities:

                              3 Months Ended          6 Months Ended
                                 June 30,                June 30,
                                 -------                 -------
                             2005       2004         2005       2004
                             ----       ----         ----       ----

Net income (loss)        $ 1,016,227 $ (21,927) $  957,079  $ (98,856)
Litigation related legal
 fees and expenses            91,826    96,493     149,089    162,720
Gain on settlement of
 litigation               (1,100,000)       --  (1,100,000)        --
                         ----------- ---------  ----------  ---------

Net income (loss)        $     8,053 $  74,566  $    6,168  $  63,864
                         =========== =========  ==========  =========

CreditRiskMonitor (www.crmz.com) is an Internet-based financial information service, designed to save time for busy corporate credit professionals and competes with Dun & Bradstreet, Inc. ("D&B™"). The service provides comprehensive commercial credit reports covering public companies world-wide and includes detailed financial statements, analysis and trend reports, credit scores, company background information, S&P ratings, competitive analyses, public record filings, and trade payment data. The company also offers a continuous monitoring service that keeps customers up to date on events affecting the credit worthiness of companies, including financial statement updates, SEC filings, S&P rating changes, and credit-relevant news stories and press releases.

Safe Harbor Statement: Certain statements in this press release, including statements prefaced by the words "anticipates", "estimates", "believes", "expects" or words of similar meaning, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, expectations or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, including, among others, those risks, uncertainties and factors referenced from time to time as "risk factors" or otherwise in the Company's Registration Statements or Securities and Exchange Commission Reports.