Exhibit 99.1

                                                                    NEWS RELEASE

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

FOR IMMEDIATE RELEASE

Danner Named CreditRiskMonitor's Chief Operating Officer

VALLEY  COTTAGE,  NY -- October 17,  2005 --  CreditRiskMonitor  (OTCBB:  CRMZ),
announced  today the  appointment  of William B. Danner as the  company's  Chief
Operating Officer. He will report to Jerry Flum, CEO. Prior to this appointment,
Mr. Danner had been the company's  Marketing head, joining the company in May of
this year. Mr. Flum said,  "Bill has done an outstanding  job with his marketing
responsibilities,  bringing  professional  insight,  leadership  and setting the
stage for more rapid growth.  In his newly expanded  role,  Bill will direct the
company-wide execution of our growth strategy."

Mr. Danner,  age 49, brings over 20 years of financial  services and information
services  marketing  experience to his new position.  His most recent experience
includes  brand  strategy  and business  development  consulting  for  financial
services. From 1997 to 2001, Mr. Danner was Vice President of Market Development
at MetLife.

From 1991 to 1997,  Mr.  Danner held  marketing  positions at Dun &  Bradstreet,
managing  two  P&L's  and  launching  several  highly  successful  products.  He
ultimately served as Vice President,  Strategic  Planning at D&B. Before D&B, he
held a series of progressively  responsible marketing positions during nearly 10
years at GE Capital and GE Information Services.

Mr. Danner earned both his MBA and BA degrees at Harvard.

About CreditRiskMonitor

CreditRiskMonitor  (www.crmz.com)  is an  Internet-based  financial  information
service,  designed to save time for busy  corporate  credit  professionals.  The
service  provides  comprehensive   commercial  credit  reports  covering  public
companies  world-wide and includes detailed financial  statements,  analysis and
trend reports, credit scores, company background information,  Standard & Poor's
ratings,  and peer analyses.  Plus, it



includes  public  record  filings  and  trade  payment  data on  millions  of US
companies.  The service also  provides  continuous  news  monitoring  that keeps
customers up to date on events  affecting  the credit  worthiness  of companies,
including  financial  statement updates,  SEC filings,  S&P rating changes,  and
credit-relevant news stories and press releases.

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.