8-K

                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


         Date of Report (Date of earliest event reported): August 9, 2004



                           CREDITRISKMONITOR.COM, INC.
             (Exact name of registrant as specified in its charter)



    NEVADA                         1-8601                    36-2972588
(State or other                  (Commission                (IRS Employer
jurisdiction of                  File Number)               Identification
incorporation)                                                   No.)



     110 Jericho Turnpike, Suite 202, Floral Park, NY              11001-2019
         (Address of  principal executive offices)                 (Zip Code)



       Registrant's telephone number, including area code: (516) 620-5400




Item 5. Other Events and Regulation FD Disclosure.

On August 9, 2004, the Company was awarded in excess of $820,000 in
compensatory and punitive damages, plus its legal fees and costs (the amount of
which will be decided in a separate hearing), in its long-pending litigation
against its competitor and a former Vice President. The Supreme Court of the
State of New York, Nassau County, found the defendants to be in contempt of
court for their breach of a Settlement Agreement ordered by the Court on July
11, 2001. A copy of the Company's press release dated August 11, 2004 announcing
the Court's decision is attached as Exhibit 99.1.


Item 7. Financial Statements and Exhibits.

(c)      Exhibits

               99.1 Press Release dated August 11, 2004.




                                    SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.




                           CREDITRISKMONITOR.COM, INC.



Date: August 11, 2004                      By:  /s/  Lawrence Fensterstock
                                                -----------------------------
                                                     Lawrence Fensterstock
                                                     Chief Financial Officer

EX-99.1

                                                                    Exhibit 99.1

            CreditRiskMonitor Announces Victory In Major Court Case

     FLORAL PARK, N.Y.--(BUSINESS WIRE)--Aug. 11, 2004--CreditRiskMonitor.com,
Inc. (Symbol: CRMZ) announced today that it has been awarded in excess of
$820,000 in compensatory and punitive damages, plus its legal fees and costs
(the amount of which will be decided in a separate hearing but are estimated by
CRM to be approximately $850,000), in its long-pending litigation against its
competitor, Global Credit Services, Inc. ("Global"), and a former Vice
President, Samuel Fensterstock. The Supreme Court of the State of New York,
Nassau County, found the defendants to be in contempt of court for their breach
of a Settlement Agreement ordered by the Court on July 11, 2001.

     Jerry Flum, CEO, stated "The recognition by the Court of the long-term
Global pattern of blatant disregard for contractual obligations and court
orders, as well as false statements made under oath, should put on notice those
who rely on Global to meet minimum standards of honesty and fair dealing. The
Court's own words outline a pattern of lies, intentional misstatements,
unethical and even malicious conduct."

     The following are selected quotes from the decision:

     --   "...the deception that was foisted upon CRM by the out right lies and
          misstatement of facts..."

     --   "The court finds that Sam Fensterstock and Global acted willfully and
          in some cases maliciously in violating the Order..."

     --   "However, perhaps the best description of the acts of Fensterstock and
          Global, including its board of directors, would be "reckless
          indifference" which has been found to be equivalent to willfulness."

     --   "...the manner in which Global acted in this case was not
          ethical...they willfully and with reckless indifference violated the
          Order of the Court."

     Mr. Flum further noted that "we are gratified and vindicated by the Court's
decision", although he cautioned that "there can be no assurance that the damage
award, legal fees and costs will be collectible in whole or in part."

     The text of the Court's decision will be posted on CRM's website in the
Investment section, at http://www.crmz.com/Docs/CourtDecision-2004-08-06.pdf.

     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.

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