Exhibit 99.1

                                                                    NEWS RELEASE

CONTACT:
CreditRiskMonitor.com, Inc.
Jerry Flum, CEO
(845) 230-3030
jerryf@crmz.com

FOR IMMEDIATE RELEASE

     CreditRiskMonitor Receives Initial Bond for $900,000 to Stay Execution

VALLEY COTTAGE, NY--August 31, 2004--CreditRiskMonitor.com, Inc. (Symbol: CRMZ)
announced today that Global Credit Services, Inc. ("Global ") has submitted a
bond in the amount of $900,000 to stay execution on the judgment by CRM. If the
appeal is not subsequently filed or the decision is sustained on appeal, the
bond is payable to CRM. There will be shortly a hearing to determine the exact
amount of legal fees and costs to be awarded CRM (as previously reported, CRM
estimates this amount to be approximately $850,000).

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.