NEWS RELEASE

CONTACT:

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

FOR IMMEDIATE RELEASE

CreditRiskMonitor.com Raises $834,000 Through a Private Placement

FLORAL PARK, NY-December 23, 2003-CreditRiskMonitor.com, Inc. (Symbol: CRMZ) sold approximately 1.85 million common shares at 45¢ per share raising $834,000 in a private placement.

Jerry Flum, president and CEO, stated "This capital infusion replaces money spent to pursue the contempt proceedings we initiated as outlined in our recent SEC filings. These proceedings were concluded in late November and we anticipate that the court will render its decision during the first half of 2004. Furthermore, in 2004 we will be introducing more new products and enhancements."

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