EXHIBIT 20

FOR IMMEDIATE RELEASE
January 20, 1999

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

                NEW GENERATION PURCHASES CREDITRISKMONITOR.COM

     New Generation  Foods,  Inc.  (OTCBB:  NGNF, bid $3.50) completed today the
     purchase of 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.  The
     purchase price was  approximately  $2.4 million,  of which $1.3 million was
     paid at closing and the balance is  represented  by two secured  promissory
     notes (one for approximately  $100,000 and the other for $1.0 million).  No
     payments are due under these notes until 2001.

     Concurrently, New Generation completed a $3.25 million private placement of
     its common  stock to finance the  acquisition  and future  working  capital
     needs.  After this offering New  Generation has  approximately  5.3 million
     fully diluted  shares  outstanding as well as 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.

     After  shareholder  approval,  New  Generation,  previously a non-operating
     entity, will change its name to CreditRiskMonitor.com, Inc. and apply for a
     new stock symbol that reflects this new name.

     CRM's  cash   revenues  for  the  12  months  ended   December   1998  were
     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.

     Jerry Flum, CEO of New Generation,  commented,  "CRM currently has over 350
     customers, most of whom are major corporations.  CRM's service is sold on a
     renewable  yearly  subscription  basis,  which generates a stable recurring
     income stream. In addition,  the Company believes that CRM's revenue may be
     counter  cyclical,  to  a  significant  extent,  since  the  importance  of
     assessing credit risk increases if economic growth slows or declines."

     The promissory notes issued in connection with the CRM purchase provide for
     the  deferral  of  principal  amortization  until  February  2001  (for the
     $100,000  note which  bears  interest  at 8.5%) and July 2001 (for the $1.0
     million note which bears interest at 6%), respectively. Both notes are then
     payable  over 24 months.  The $1.0  million  note  provides for no interest
     through  June 30, 2001,  while the other note  provides for the deferral of
     interest until debt servicing commences.

     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