-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OOqyNoFs6h0iDr0U1hua0kTCjkkvmPOOUbzWpOHQeN4K+oNgbjscr8TCYsdVKSn6 a7Tk5qc3FLOjftNJ5LaDOw== 0001157523-05-000240.txt : 20050113 0001157523-05-000240.hdr.sgml : 20050113 20050113161127 ACCESSION NUMBER: 0001157523-05-000240 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050113 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050113 DATE AS OF CHANGE: 20050113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CREDITRISKMONITOR COM INC CENTRAL INDEX KEY: 0000315958 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-SERVICES, NEC [8900] IRS NUMBER: 362972588 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08601 FILM NUMBER: 05528319 BUSINESS ADDRESS: STREET 1: 704 EXECUTIVE BOULEVARD STREET 2: SUITE A CITY: VALLEY COTTAGE STATE: NY ZIP: 10989 BUSINESS PHONE: 845-230-3000 MAIL ADDRESS: STREET 1: 704 EXECUTIVE BOULEVARD STREET 2: SUITE A CITY: VALLEY COTTAGE STATE: NY ZIP: 10989 FORMER COMPANY: FORMER CONFORMED NAME: NEW GENERATION FOODS INC DATE OF NAME CHANGE: 19920703 8-K 1 a4799833.txt CREDITRISKMONITOR.COM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 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) January 10, 2005 __________________ CreditRiskMonitor.com, Inc. (Exact name of registrant as specified in its charter) Nevada 1-8601 36-2972588 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 704 Executive Boulevard Valley Cottage, NY 10989 (Address of principal executive offices, including zip code) (845) 230-3000 (Registrant's telephone number, including area code) - -------------------------------------------------------------------------------- Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): |_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01 Other Events. On January 10, 2005, the Company received separate Short Form Orders issued by the Supreme Court of the State of New York, Nassau County ruling in the Company's favor and denying two separate Motions to Reargue filed by Samuel Fensterstock and a competitor (collectively the "Defendants") in the Contempt Proceedings previously reported. On August 9, 2004 the Court issued a Decision finding that the Defendants were in contempt of court for their breach of the Settlement Agreement ordered by the Court on July 11, 2001. A copy of the Company's press release dated January 13, 2005 announcing this event is attached as Exhibit 99.1. Item 9.01 Financial Statements and Exhibits. (c) Exhibits Exhibit No. Description ----------- ----------- 99.1 Press Release issued on January 13, 2005. 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: January 13, 2005 By: /s/ Lawrence Fensterstock ----------------------------- Lawrence Fensterstock Chief Financial Officer EX-99.1 2 a4799833ex991.txt PRESS RELEASE Exhibit 99.1 CreditRiskMonitor Announces Continued Victory In Court Case VALLEY COTTAGE, N.Y.--(BUSINESS WIRE)--Jan. 13, 2005--The Supreme Court of the State of New York, Nassau County ruled in favor of CreditRiskMonitor.com, Inc. (OTCBB:CRMZ) and denied two separate Motions to Reargue filed by Samuel Fensterstock and Global Credit Services, Inc. (collectively the "Defendants") in the previously reported Contempt Proceedings. On August 9, 2004, the Court issued a Decision finding that the Defendants were in contempt of court for the breach of a so-ordered Settlement Agreement and awarded compensatory and punitive damages against the Defendants aggregating $821,044, plus attorneys' fees and legal costs in an amount to be determined. Thereafter, the Court assigned a Referee to conduct a hearing concerning the amount of attorneys' fees and costs to be awarded. CRM will request an award of attorneys' fees and costs in excess of one million dollars. The Defendants have filed a Notice of Appeal to the Decision, which remains pending, and posted a $900,000 bond to secure the compensatory and punitive damages awarded in the Judgment. These rulings confirm the Court's findings, after ten weeks of hearings and extensive discovery, of the egregious violation of the Settlement Agreement by Fensterstock and Global, in which the Court previously stated that: "America's capitalistic system has prospered by strong competition but the manner in which Global acted in this case was not ethical, even in the cutthroat world of business, and in turn they willfully and with reckless indifference violated the Order of the Court." The text of the Court's August 9, 2004 decision and a related New York Law Journal article can be found at http://www.crmz.com/Docs/CourtDecision-2004-08-06.pdf and http://www.crmz.com/Docs/NYLawJournal-2004-08-24.pdf, respectively. 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 -----END PRIVACY-ENHANCED MESSAGE-----