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FOR IMMEDIATE RELEASE

CreditRiskMonitor.com and FCIB Announce an Agreement

FLORAL PARK, NY—October 30, 2002—CreditRiskMonitor.com, Inc. (Symbol: CRMZ) and FCIB (www.fcibglobal.com) announced today that they have reached an agreement to enable FCIB members world-wide to utilize the CreditRiskMonitor service at a substantial discount.

In making this announcement, Tom Corbett, CRM Senior Vice President, said "FCIB is clearly the premier international association for finance and credit executives. For over eight decades, they have maintained an unmatched reputation for providing their members world-class products and services. We are very proud to be one of the services they consider worthy of offering to their elite membership."

According to Kenneth Garrison, Jr., CAE, President of FCIB, "as our organization continues to grow around the world we are always looking to provide additional value added services. Our agreement with CreditRiskMonitor.com enables members anywhere on the globe to utilize their products very economically."

Established in the U.S. in 1919, FCIB has been serving the export business community for over 80 years. Today, FCIB is the premier provider of products and services to many small, medium and large size exporters as well as major multinational corporations in 30 countries around the world. Its international dimension, superior products and services enable international professionals to achieve business objectives, professional growth, recognition and prosperity.

FCIB is the recipient of the prestigious E-Star Award -- confirming its contributions to the Export Expansion Program of the United States of America.

CreditRiskMonitor.com provides real-time, online, credit based financial information, as well as real-time news to thousands of corporate executives. Designed to provide credit professionals with the most timely, cost-efficient method for researching and retrieving information on over 10,000 U.S. public companies and millions of private companies, CreditRiskMonitor.com is also utilized extensively by Procurement/Purchasing departments to evaluate and monitor suppliers, by Sales to identify and qualify leads and track competitors and by internal and external auditors for due diligence purposes. Individual subscribers can customize the Company's services to meet their specific needs, enabling busy executives to get critical information very efficiently.

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.