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FOR IMMEDIATE RELEASE

CreditRiskMonitor.com Modifies Promissory Note

FLORAL PARK, NY—December 12, 2002—CreditRiskMonitor.com, Inc. (Symbol: CRMZ) entered into a Note Modification Agreement, which extends the maturity date of this outstanding indebtedness of almost $813,000 from June 30, 2006 to December 31, 2009. The new 9.5% note is payable in 84 equal monthly installments of approximately $13,300, commencing January 31, 2003. The previous 8.5% note required monthly debt service of over $22,400.

Larry Fensterstock, senior vice president and CEO, stated "We are happy to announce the execution of this Agreement which reduces our annual debt service requirement by almost $110,000."

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.