EXHIBIT 20

FOR IMMEDIATE RELEASE                                        December 30,1998

New Generation Foods, Inc.
Jerry Flum, Chairman & CEO
516/327-2400, ext. 224

                NEW GENERATION TO PURCHASE CREDITRISKMONITOR.COM

New Generation Foods, Inc. (OTCBB:  NGNF, bid $4.00) has exercised its option to
purchase the assets of the CreditRisk Monitor credit information  service (CRM),
the     only     real-time      interactive      Internet-     based     service
(www.creditriskmonitor.com)  targeted at corporate credit managers,  from Market
Guide  Inc.  The  purchase  price is  approximately  $2.5  million,  payable  in
installments, as previously reported.

The closing is expected to occur in January 1999,  subject to customary  closing
conditions,   at  which   time  New   Generation   will   change   its  name  to
CreditRiskMonitor.com,  Inc.  and will  apply for a new stock  symbol  that more
clearly reflects the new name.

New Generation is completing a private  placement of its common stock to finance
the  acquisition.  When completed,  New Generation will have  approximately  5.2
million  shares  outstanding  in addition to a $13.8 million net operating  loss
carryforward  expiring  in various  amounts  through  2017  which,  the  Company
believes, should be available to shelter future taxable income.

CRM's cash revenue for the 12 months ended December 1998 should be approximately
$1.0 million. Management believes that 1999 cash revenue should be approximately
$2.7 million and that the Company  should be at or about cash flow breakeven for
the year.

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 or achievements of
the Company to be materially  different from any future results,  performance or
achievements expressed or implied by such forward-looking statements.