NEWS RELEASE

CONTACTS:

CreditRiskMonitor.com, Inc.
Jerry Flum
Chairman & CEO
(516) 620-5400, ext. 321
jerryf@creditriskmonitor.com

FOR IMMEDIATE RELEASE

CreditRiskMonitor.com Announces Third Quarter Results

FLORAL PARK, NY—November 11, 2002—CreditRiskMonitor.com, Inc. (Symbol: CRMZ) announced that revenues for the nine months ended September 30, 2002 were $2,324,000, an increase of 5% from 2001's comparable period revenues of $2,213,000. Revenues for 2002's third quarter were $744,000, a 1% increase over the prior year's third quarter revenues of $733,000.

The Company reported a net loss of $200,000 for the first nine months of 2002, or ($0.04) per share, compared to a net loss of $527,000, or ($0.10) per share, for the same period last year. CRM reported a net loss of $37,000, or ($0.01) per share, for the quarter ended September 30, 2002, compared to a net loss of $157,000, or ($0.03) per share, for last year's third quarter.

Jerry Flum, CEO, stated that "We are encouraged by our operating performance despite a weak economy. We have been able to control our operating expenses during 2002 thus reducing the Company's operating losses compared to last year."

CreditRiskMonitor.com is an Internet-based financial information analysis and news service designed for corporate credit professionals, and its web site is www.creditriskmonitor.com.

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.

CREDITRISKMONITOR.COM, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
 
  9 Months Ended 3 Months Ended
  September 30 September 30
  2002 2001 2002 2001
 
Operating revenues $ 2,323,819 $ 2,212,727 $ 743,614 $ 732,869
 
Operating expenses:
     Data and product costs 1,108,157 897,982 357,638 320,615
     Selling, general and
    administrative expenses
1,278,405 1,585,389 380,064 451,642
     Depreciation and amortization 80,077 166,724 26,569 56,293
 
       Total operating expenses 2,466,639 2,650,095 764,271 828,550
 
Loss from operations (142,820) (437,368) (20,657) (95,681)
Other income 14,815 36,017 6,197 9,071
Interest expense (70,608) (78,116) (22,907) (26,404)
Write-off of investment             -     (44,000)             -     (44,000)
 
Loss before income taxes (198,613) (523,467 (37,367) (157,014)
Provision for state and local
    income taxes
1,220 3,061             -                 -    
 
Net loss $ (199,833) $ (526,528) $ (37,367) $ (157,014)
 
Net loss per share of common stock:
     Basic and diluted $ (0.04) $ (0.10) $ (0.01) $ (0.03)