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)

May 15, 2007

______________

CreditRiskMonitor.com, Inc.

(Exact name of registrant as specified in its charter)

Nevada	1-8601	36-2972588
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer 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):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.

On May 15, 2007, the Board of Directors of CreditRiskMonitor.com, Inc. (“CRM”) elected Mr. William B. Danner to serve as President of CRM, effective immediately. A copy of the press release announcing Mr. Danner’s promotion to this office is annexed hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits

Exhibit No. Description

99.1 Press Release issued on May 17, 2007

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: May 17, 2007 By: /s/ Lawrence Fensterstock  

Lawrence Fensterstock

Chief Financial Officer

EX-99.1

Exhibit 99.1

NEWS RELEASE

CONTACT:

CreditRiskMonitor.com, Inc.

Jerry Flum, CEO

(845) 230-3000

ir@crmz.com

FOR IMMEDIATE RELEASE

William B. Danner named President of CreditRiskMonitor.com, Inc.

VALLEY COTTAGE, NY - May 17, 2007 - CreditRiskMonitor (OTCBB: CRMZ) announced today the appointment of William B. Danner as the company’s President. He will report to Jerry Flum, CEO. Mr. Danner has served as the company’s Chief Operating Officer for the past 18 months. He originally joined the company in May 2005 as head of Marketing.

Mr. Danner’s experience includes over 20 years of financial services and information services marketing. Prior to joining CreditRiskMonitor, his experience included brand strategy and business development consulting for financial services clients at Citigate Albert Frank. From 1997 to 2001, he was Vice President of Market Development at MetLife.

From 1991 to 1997, he was 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, age 50, was born in Boston. He earned a BA in Economics at Harvard College and an MBA at Harvard Business School. He and his family reside in New York City.

Mr. Flum said, “Bill has done an outstanding job improving the company’s operations, developing a cohesive team, leading our development and increasing revenue. In his new role, Bill will be responsible for the company-wide execution of our growth strategy.”

CreditRiskMonitor (http://www.crmz.com) is an Internet-based publisher of financial information, designed to save time for busy corporate credit professionals. The service offers comprehensive commercial credit reports covering public companies worldwide and includes detailed financial statements, ratio analysis and trend reports, peer analyses, credit scores, company background information, and Moody’s and Standard & Poor’s ratings. It includes trade payment data and public record filings on millions of U.S. companies. The service also provides continuous news monitoring that keeps subscribers up to date on events affecting the creditworthiness of companies. The Company now provides an interactive service for subscribers to use in calculating recommended credit line limits for their customers, as well as a facility for monitoring daily changes in these credit limit recommendations and alert subscribers to take action.

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.