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


                                   FORM 10-QSB


[x]  QUARTERLY  REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES  EXCHANGE ACT
     OF 1934

                  For the quarterly period ended: June 30, 2001


[ ]  TRANSITION  REPORT  UNDER  SECTION 13 OR 15(d) OF THE  EXCHANGE ACT For the
     transition period from ____________ to  ____________

                          Commission file number 1-8601


                           CREDITRISKMONITOR.COM, INC.
        (Exact name of small business issuer as specified in its charter)

             Nevada                                              36-2972588
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)

                         110 Jericho Turnpike, Suite 202
                           Floral Park, New York 11001
                    (Address of principal executive offices)

                                 (516) 620-5400
                           (Issuer's telephone number)

Check whether the issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities and Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the issuer was required to
file such reports), and (2) has been subject to such filing requirements for the
past 90 days.

                                Yes [x]   No [ ]

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                     PROCEEDINGS DURING THE PAST FIVE YEARS

Check whether the  registrant  filed all  documents  and reports  required to be
filed by Sections 12, 13 or 15(d) of the Exchange Act after the  distribution of
securities under a plan confirmed by a court.

                                Yes [ ]   No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practical date:

Common stock $.01 par value -- 5,344,129 shares outstanding as of July 31, 2001.

Transitional Small Business Disclosure Format (check one):  Yes [ ]   No [x]


                                      -1-

<PAGE>


                  CREDITRISKMONITOR.COM, INC. AND SUBSIDIARIES

                                      INDEX

                                                                            Page
                                                                            ----

PART I. FINANCIAL INFORMATION

  Item 1. Financial Statements

    Consolidated Balance Sheets - June 30, 2001 (Unaudited)
    and December 31, 2000 (Audited)...........................................3

    Consolidated Statements of Operations for the Three Months
    Ended June 30, 2001 and 2000 (Unaudited)..................................4

    Consolidated Statements of Operations for the Six Months
    Ended June 30, 2001 and 2000 (Unaudited)..................................5

    Consolidated Statements of Cash Flows for the Six Months
    Ended June 30, 2001 and 2000 (Unaudited)..................................6

    Condensed Notes to Consolidated Financial Statements......................7

  Item 2. Management's Discussion and Analysis of Financial Condition
    and Results of Operations.................................................8


PART II. OTHER INFORMATION

  Item 1. Legal Proceedings..................................................12

  Item 6. Exhibits and Reports on Form 8-K...................................12


SIGNATURES...................................................................13

                                      -2-

<PAGE>


PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

                  CREDITRISKMONITOR.COM, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                       JUNE 30, 2001 AND DECEMBER 31, 2000


<TABLE>
<CAPTION>
                                                               June 30,         Dec. 31,
                                                                 2001            2000
                                                                 ----            ----
                                                              (Unaudited)      (Audited)
<S>                                                          <C>             <C>
                                     ASSETS

Current assets:
     Cash and cash equivalents                               $  1,376,822    $  1,215,197
     Accounts receivable, net of allowance                        697,113         662,304
     Other current assets                                         177,487          28,358
                                                             ------------    ------------

         Total current assets                                   2,251,422       1,905,859

Property and equipment, net                                       266,038         293,357
Goodwill, net                                                   2,011,664       2,068,868
Prepaid and other assets                                           72,495          73,638
                                                             ------------    ------------

TOTAL ASSETS                                                 $  4,601,619    $  4,341,722
                                                             ============    ============

                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
     Deferred revenue                                        $  2,173,628    $  1,660,431
     Accounts payable                                             119,615          45,856
     Accrued expenses                                              91,093          85,490
     Current portion of long-term debt                            515,759         274,338
     Current portion of capitalized lease obligation                5,554           5,258
                                                             ------------    ------------

         Total current liabilities                              2,905,649       2,071,373
                                                             ------------    ------------

Long-term debt, net of current portion:
     Secured promissory note                                      504,793         693,758
     Promissory note                                               35,973          64,606
     Capitalized lease obligation                                  15,170          18,468
                                                             ------------    ------------
                                                                  555,936         776,832
Deferred rent payable                                               7,293           5,850
Deferred compensation                                             201,250         186,667
                                                             ------------    ------------

         Total liabilities                                      3,670,128       3,040,722
                                                             ------------    ------------

Stockholders' equity:
     Common stock                                                  53,441          53,441
     Additional paid-in capital                                27,201,912      27,201,912
     Accumulated deficit                                      (26,323,862)    (25,954,353)
                                                             ------------    ------------

         Total stockholders' equity                               931,491       1,301,000
                                                             ------------    ------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                   $  4,601,619    $  4,341,722
                                                             ============    ============
</TABLE>


     See accompanying condensed notes to consolidated financial statements.

                                       -3-

<PAGE>


                  CREDITRISKMONITOR.COM, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                FOR THE THREE MONTHS ENDED JUNE 30, 2001 AND 2000
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                            2001           2000
                                                            ----           ----
<S>                                                     <C>            <C>
Operating revenues                                      $   752,656    $   486,369

Operating expenses:
     Data and product costs                                 288,760        185,724
     Selling, general and administrative expenses           548,116        446,180
     Depreciation and amortization                           55,714         53,123
                                                        -----------    -----------

         Total operating expenses                           892,590        685,027
                                                        -----------    -----------

Loss from operations                                       (139,934)      (198,658)
Other income                                                 12,445         17,999
Interest expense                                            (26,879)       (23,910)
                                                        -----------    -----------

Loss before income taxes                                   (154,368)      (204,569)
Provision for state and local income taxes                      468            650
                                                        -----------    -----------

Net loss                                                $  (154,836)   $  (205,219)
                                                        ===========    ===========

Net loss per share of common stock:

     Basic and diluted                                  $     (0.03)   $     (0.04)
                                                        ===========    ===========

Weighted average number of common shares outstanding:

     Basic and diluted                                    5,344,129      5,341,129
                                                        ===========    ===========
</TABLE>


     See accompanying condensed notes to consolidated financial statements.

                                       -4-

<PAGE>


                  CREDITRISKMONITOR.COM, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                 FOR THE SIX MONTHS ENDED JUNE 30, 2001 AND 2000
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                            2001           2000
                                                            ----           ----
<S>                                                     <C>            <C>
Operating revenues                                      $ 1,479,859    $   919,877

Operating expenses:
     Data and product costs                                 577,367        375,915
     Selling, general and administrative expenses         1,133,747        931,045
     Depreciation and amortization                          110,431        105,209
                                                        -----------    -----------

         Total operating expenses                         1,821,545      1,412,169
                                                        -----------    -----------

Loss from operations                                       (341,686)      (492,292)
Other income                                                 26,946         39,902
Interest expense                                            (51,708)       (47,241)
                                                        -----------    -----------

Loss before income taxes                                   (366,448)      (499,631)
Provision for state and local income taxes                    3,061          3,670
                                                        -----------    -----------

Net loss                                                $  (369,509)   $  (503,301)
                                                        ===========    ===========

Net loss per share of common stock:

     Basic and diluted                                  $     (0.07)   $     (0.09)
                                                        ===========    ===========

Weighted average number of common shares outstanding:

     Basic and diluted                                    5,344,129      5,341,129
                                                        ===========    ===========
</TABLE>


     See accompanying condensed notes to consolidated financial statements.

                                       -5-

<PAGE>


                  CREDITRISKMONITOR.COM, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                 FOR THE SIX MONTHS ENDED JUNE 30, 2001 AND 2000
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                           2001           2000
                                                           ----           ----
<S>                                                    <C>            <C>
Cash flows from operating activities:
     Net loss                                          $  (369,509)   $  (503,301)
     Adjustments to reconcile net loss to net
         cash provided by operating activities:
              Goodwill amortization                         57,204         57,204
              Depreciation                                  53,227         48,005
              Amortization of debt discount                 45,634         41,411
              Deferred compensation                         14,583         45,000
              Deferred rent                                  1,443          2,804
              Deferred interest expense                       --            4,589
     Changes in operating assets and liabilities:
         Accounts receivable, net                          (34,809)       117,910
         Other current assets                             (149,129)        (1,392)
         Deferred revenue                                  513,197        225,906
         Accounts payable                                   73,759         10,457
         Accrued expenses                                    5,603         (5,609)
                                                       -----------    -----------

Net cash provided by operating activities                  211,203         42,984
                                                       -----------    -----------

Cash flows from investing activities:
     Purchase of fixed assets                              (25,908)       (70,194)
     Decrease (increase) in prepaid and other assets         1,143        (16,321)
                                                       -----------    -----------

Net cash used in investing activities                      (24,765)       (86,515)
                                                       -----------    -----------

Cash flows from financing activities:
     Payments on promissory notes                          (21,811)          --
     Payments on capitalized lease obligation, net          (3,002)         2,086
                                                       -----------    -----------

Net cash (used in) provided by financing activities        (24,813)         2,086
                                                       -----------    -----------

Net increase (decrease) in cash and cash equivalents       161,625        (41,445)
Cash and cash equivalents at beginning of
     period                                              1,215,197      1,421,885
                                                       -----------    -----------

Cash and cash equivalents at end of period             $ 1,376,822    $ 1,380,440
                                                       ===========    ===========
</TABLE>


     See accompanying condensed notes to consolidated financial statements.

                                       -6-

<PAGE>


                  CREDITRISKMONITOR.COM, INC. AND SUBSIDIARIES
              CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)


(1) Basis of Presentation

The  consolidated  financial  statements  included  herein have been prepared by
CreditRiskMonitor.com, Inc. (the "Company" or "CRM"), without audit, pursuant to
the rules and  regulations of the Securities  and Exchange  Commission.  Certain
information and footnote disclosures normally included in consolidated financial
statements prepared in accordance with generally accepted accounting  principles
have been condensed or omitted pursuant to such rules and regulations,  although
the  Company  believes  that the  disclosures  herein are  adequate  to make the
information  presented not misleading.  These consolidated  financial statements
should be read in conjunction with the consolidated financial statements and the
notes thereto in the  Company's  annual report on Form 10-KSB for the year ended
December 31, 2000.

In the opinion of the Company, the unaudited  consolidated  financial statements
reflect all adjustments  (consisting of normal  recurring  accruals)  considered
necessary to present fairly the Company's financial position as of June 30, 2001
and the results of its operations  and its cash flows for the six-month  periods
ended June 30, 2001 and 2000.

Results of operations for the six-month periods ended June 30, 2001 and 2000 are
not necessarily indicative of the results of a full year.

Certain  prior year  amounts have been  reclassified  to conform with the fiscal
2001 presentation.

(2) Graydon UK Ltd.

In July 2000,  the Company  entered into a Letter of Intent with Graydon UK Ltd.
("Graydon") to be a re-distributor of Graydon's  international credit reports in
the United States. As part of the transaction,  CRM assumed the servicing of the
contracts of a Graydon-related  company, Graydon America, Inc., for which CRM is
receiving a monthly management fee.

(3) Subsequent Event

In July 2001,  the Company  entered  into a Note  Consolidation  Agreement  with
Market Guide Inc.  ("MGI"),  which  consolidated  the two notes issued by CRM in
January 1999, as part of the purchase of the assets of MGI's CreditRisk  Monitor
credit  information  service,  into a new  secured  note  with a face  value  of
$1,093,653.75.  The new note bears  interest  at the rate of 8.5% per annum from
July 1, 2001 and is payable in 60 equal  monthly  installments  of principal and
interest of $22,437.98  each,  commencing  July 31, 2001. In accordance with the
terms of  Emerging  Issues  Task  Force  Issue  ("EITF")  No.  96-19,  "Debtor's
Accounting for a Modification or Exchange of Debt Instruments", this transaction
is not considered to result in a substantially  different debt instrument and as
such no gain  or loss  was  recognized  on this  transaction.  Accordingly,  the
Company is required to discount the new note to yield an effective interest rate
of 9.98%.

                                       -7-

<PAGE>


ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

Results of Operations

     In January  1999,  the  Company  acquired  the  assets of MGI's  CreditRisk
Monitor credit information service and commenced operations. This business began
selling  its  product  in  April  1997  and is  still  in its  early  stages  of
development.

<TABLE>
<CAPTION>
                                                   3 Months Ended June 30,
                                                2001                    2000
                                                ----                    ----
                                                   % of Total              % of Total
                                         Amount      Income      Amount      Income
                                       ---------    -------    ---------    -------
<S>                                    <C>           <C>       <C>           <C>
Operating revenues                     $ 752,656     100.00%   $ 486,369     100.00%

Operating expenses:
   Data and product costs                288,760      38.37%     185,724      38.19%
   Selling, general & administrative     548,116      72.82%     446,180      91.74%
   Depreciation and amortization          55,714       7.40%      53,123      10.92%
                                       ---------    -------    ---------    -------
     Total operating expenses            892,590     118.59%     685,027     140.85%
                                       ---------    -------    ---------    -------

Loss from operations                    (139,934)    -18.59%    (198,658)    -40.85%
Other income                              12,445       1.65%      17,999       3.70%
Interest expense                         (26,879)     -3.57%     (23,910)     -4.92%
                                       ---------    -------    ---------    -------

Loss before income taxes                (154,368)    -20.51%    (204,569)    -42.06%
Income taxes                                 468       0.06%         650       0.13%
                                       ---------    -------    ---------    -------

Net loss                               $(154,836)    -20.57%   $(205,219)    -42.19%
                                       =========    =======    =========    =======
</TABLE>

     Operating  revenues increased 55% for the three months ended June 30, 2001.
This increase was primarily due to an increase in the number of  subscribers  to
the  Company's  subscription  service and revenues  from the  management  of the
former Graydon America credit  reporting  business,  which commenced  during the
second half of fiscal 2000.

     Data  and  product  costs  increased  55% for the  second  quarter  of 2001
compared to the same period of fiscal 2000.  This  increase was primarily due to
the increased  cost of acquiring the data needed for the Company's  products and
higher  salary and  related  employee  benefits  resulting  from an  increase in
headcount as the Company added personnel to deliver its expanded product line.

     Selling,  general and administrative  expenses increased 23% for the second
quarter of fiscal 2001 compared to the same period of fiscal 2000. This increase
was  primarily  due to an  increase  in  headcount  as  the  Company  has  added
salespeople and customer support  personnel over the past 12 months,  as well as
legal fees incurred in connection with the Company's legal  proceeding (see Part
II, Item 1).

     Depreciation and amortization increased 5% for the second quarter of fiscal
2001 compared to the same period of fiscal 2000. This increase was primarily due
to higher depreciation  expense related to the acquisition of computer equipment
and other fixed assets during the last 12 months.

     The Company  incurred a net loss of  $154,836  and  $205,219  for the three
months ended June 30, 2001 and 2000, respectively.

                                       -8-

<PAGE>


<TABLE>
<CAPTION>
                                                  6 Months Ended June 30,
                                               2001                    2000
                                               ----                    ----
                                                  % of Total              % of Total
                                        Amount      Income      Amount      Income
                                      ---------    -------    ---------    -------
<S>                                   <C>           <C>       <C>           <C>

Operating revenues                    $1,479,859    100.00%    $919,877     100.00%

Operating expenses:
   Data and product costs                577,367     39.02%     375,915      40.87%
   Selling, general & administrative   1,133,747     76.61%     931,045     101.21%
   Depreciation and amortization         110,431      7.46%     105,209      11.44%
                                      ----------    -------   ---------     -------
     Total operating expenses          1,821,545    123.09%   1,412,169     153.52%
                                      ----------    -------   ---------     -------

Loss from operations                    (341,686)   -23.09%    (492,292)    -53.52%
Other income                              26,946      1.82%      39,902       4.34%
Interest expense                         (51,708)    -3.49%     (47,241)     -5.14%
                                      ----------    -------   ---------     -------

Loss before income taxes               (366,448)    -24.76%    (499,631)    -54.31%
Income taxes                               3,061      0.21%       3,670       0.40%
                                      ----------    -------   ---------     -------

Net loss                              $ (369,509)   -24.97%   $(503,301)    -54.71%
                                      ==========    =======   =========     =======
</TABLE>

     Operating  revenues  increased  61% for the six months ended June 30, 2001.
This increase was primarily due to an increase in the number of  subscribers  to
the  Company's  subscription  service and revenues  from the  management  of the
former Graydon America credit  reporting  business,  which commenced  during the
second half of fiscal 2000.

     Data and product costs increased 54% for the first half of 2001 compared to
the same period of fiscal 2000. This increase was primarily due to the increased
cost of acquiring the data needed for the  Company's  products and higher salary
and related  employee  benefits  resulting  from an increase in headcount as the
Company added personnel to deliver its expanded product line.

     Selling,  general and  administrative  expenses increased 22% for the first
half of fiscal 2001  compared to the same period of fiscal 2000.  This  increase
was  primarily  due to an  increase  in  headcount  as  the  Company  has  added
salespeople and customer support  personnel over the past 12 months,  as well as
legal fees incurred in connection with the Company's legal  proceeding (see Part
II, Item 1).

     Depreciation  and  amortization  increased  5% for the first half of fiscal
2001 compared to the same period of fiscal 2000. This increase was primarily due
to higher depreciation  expense related to the acquisition of computer equipment
and other fixed assets during the last 12 months.

     The Company incurred a net loss of $369,509 and $503,301 for the six months
ended June 30, 2001 and 2000, respectively.

     The Company over time  intends to expand its  operations  by expanding  the
breadth and depth of its product and service  offerings and the  introduction of
new or complementary products.  Gross margins attributable to new business areas
may be  lower  than  those  associated  with  the  Company's  existing  business
activities.

     As a result of the  Company's  limited  operating  history and the emerging
nature of the market in which it competes,  the Company is unable to  accurately
forecast its revenues. The Company's current and future expense levels are based
largely on its  investment  plans and estimates of future  revenues and are to a
large extent fixed.  Sales and operating  results generally depend on the volume
of,  timing of and  ability  to sign new

                                       -9-

<PAGE>


subscribers,  which are  difficult  to  forecast.  The  Company may be unable to
adjust  spending in a timely manner to  compensate  for any  unexpected  revenue
shortfall. Accordingly, any significant shortfall in revenues in relation to the
Company's  planned  expenditures  would have an immediate  adverse effect on the
Company's  business,  prospects,  financial condition and results of operations.
Further, as a strategic response to changes in the competitive environment,  the
Company  may  from  time to time  make  certain  pricing,  purchasing,  service,
marketing or acquisition  decisions that could have a material adverse effect on
its business, prospects, financial condition and results of operations.

     Factors that may adversely affect the Company's quarterly operating results
include, among others, (i) the Company's ability to retain existing subscribers,
attract new subscribers at a steady rate and maintain  subscriber  satisfaction,
(ii) the development,  announcement or introduction of new services and products
by the Company and its competitors, (iii) price competition, (iv) the increasing
acceptance of the Internet for the purchase of credit  information  such as that
offered by the  Company,  (v) the  Company's  ability to  maintain,  upgrade and
develop its systems and  infrastructure,  (vi) the Company's  ability to attract
new personnel in a timely and effective  manner,  (vii) the Company's ability to
manage  effectively  the  broadening  of its  product  to  encompass  additional
companies  monitored and the  development of new products,  (viii) the Company's
ability to  successfully  manage the  integration of  third-party  data into its
Internet  site,  (ix)  technical  difficulties,   system  downtime  or  Internet
brownouts, (x) the amount and timing of operating costs and capital expenditures
relating to expansion of the Company's business,  operations and infrastructure,
and (xi) general  economic  conditions and economic  conditions  specific to the
Internet and the credit information industry.

LIQUIDITY AND CAPITAL RESOURCES

     At June 30, 2001, the Company had cash,  cash  equivalents and other liquid
assets of  $1,377,000  compared to  $1,215,000  of liquid assets at December 31,
2000.  The  Company's  working  capital  deficit at June 30,  2001 was  $654,000
compared to a working  capital  deficit of $166,000 at December 31,  2000.  This
decrement was due to a $241,000  reclassification  from  long-term to short-term
debt  between  periods,  a $79,000  increase  in  accounts  payable  and accrued
expenses  and an increase of $513,000 in deferred  revenue,  net of increases in
cash and  cash  equivalents,  accounts  receivable  and  deferred  billings,  of
$346,000.  The Company has no bank lines of credit or other currently  available
credit sources.

     For the six months ended June 30, 2001, the Company  reported that net cash
provided by operating  activities was $211,000  compared to $43,000 for the same
period  in the  prior  fiscal  year.  The  Company  expects  to reach  cash flow
breakeven status,  after debt service,  during 2001. Should this expectation not
be realized,  the Company believes that it has sufficient  resources to meet its
working capital and capital  expenditure needs,  including debt service,  for at
least the next 13 months.

     In July 2001, the Company entered into a Note Consolidation  Agreement with
MGI, which  consolidated the two notes issued by CRM in January 1999, as part of
the  purchase  of the  assets of MGI's  CreditRisk  Monitor  credit  information
service,  into a new secured  note with a face value of  $1,093,653.75.  The new
note  bears  interest  at the rate of 8.5% per  annum  from  July 1, 2001 and is
payable in 60 equal monthly installments of principal and

                                      -10-

<PAGE>


interest of $22,437.98 each,  commencing July 31, 2001. The monthly debt service
on the two previous notes was  $49,606.30.  In accordance with the terms of EITF
No.  96-19,  "Debtor's  Accounting  for  a  Modification  or  Exchange  of  Debt
Instruments",  this  transaction is not considered to result in a  substantially
different  debt  instrument  and as such no gain or loss was  recognized on this
transaction.  Accordingly,  the Company is required to discount  the new note to
yield  an  effective   interest  rate  of  9.98%.  If  this  note  consolidation
transaction had occurred on June 30, 2001, the Company's working capital deficit
would have been $310,000, due to the reclassification of short-term to long-term
debt.

RECENTLY ISSUED ACCOUNTING STANDARDS

     In July 2001, the Financial  Accounting  Standards  Board  ("FASB")  issued
Statements of Financial Accounting  Standards No. 141, "Business  Combinations",
and No. 142, "Goodwill and Other Intangible  Assets".  Under these new standards
the FASB eliminated  accounting for certain mergers and acquisitions as poolings
of interests, eliminated amortization of goodwill and indefinite life intangible
assets, and established new impairment  measurement procedures for goodwill. For
calendar-year  reporting  companies,  the  standards  become  effective  for all
acquisitions completed on or after June 30, 2001. Changes in financial statement
treatment  for  goodwill  and   intangible   assets  arising  from  mergers  and
acquisitions  completed prior to June 30, 2001 become effective January 1, 2002.
The Company is currently  assessing the impact of  implementing  these standards
will have on its results of operations and financial position.

FORWARD-LOOKING STATEMENTS

     This   Quarterly   Report  on  Form  10-QSB  may  contain   forward-looking
statements,  including statements  regarding future prospects,  industry trends,
competitive  conditions and litigation issues.  Any statements  contained herein
that are not statements of historical  fact may be deemed to be  forward-looking
statements.  Without limiting the foregoing,  the words  "believes",  "expects",
"anticipates",  "plans" or words of similar  meaning  are  intended  to identify
forward-looking  statements.  This notice is intended to take  advantage  of the
"safe harbor" provided by the Private  Securities  Litigation Reform Act of 1995
with  respect  to  such  forward-looking   statements.   These   forward-looking
statements  involve a number of risks and uncertainties.  Among others,  factors
that could cause actual results to differ  materially from the Company's beliefs
or expectations are those listed under "Results of Operations" and other factors
referenced  herein or from time to time as "risk  factors" or  otherwise  in the
Company's Registration Statements or Securities and Exchange Commission reports.

                                      -11-

<PAGE>


PART II. OTHER INFORMATION

Item 1. Legal Proceedings

     On April 20, 2001,  the Company filed an action in the Supreme Court of the
State of New York, Nassau County,  against Samuel Fensterstock  ("Fensterstock")
and others,  seeking  injunctive  relief,  declaratory  relief and damages.  The
complaint alleges, inter alia, that Fensterstock,  former Senior Vice President,
Sales Development of the Company who resigned April 5, 2001, joined a competitor
in violation of the terms of his  Non-Competition,  Proprietary  Information and
Inventions  Agreement with the Company and in breach of his fiduciary  duties to
the Company, and further,  that the competitor  intentionally induced the breach
of  Fensterstock's  Agreement  with the Company.  On April 23,  2001,  the Court
issued a temporary  restraining  order against  Fensterstock and the competitor.
The  parties  have  entered  into  a  Settlement  Agreement  pursuant  to  which
Fensterstock  and  the  competitor  are  restricted  from  engaging  in  certain
activities,  including  employment of Fensterstock  by the  competitor,  through
various stipulated dates. The settlement was approved by the Court in July 2001.

Item 6. Exhibits and Reports on Form 8-K

(a)     Exhibits

        None.

(b)     Reports on Form 8-K

        None.

                                      -12-


<PAGE>


                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the Registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.


                                             CREDITRISKMONITOR.COM, INC.
                                             (REGISTRANT)


Date: August 10, 2001                        By: /s/ Lawrence Fensterstock
                                                 -------------------------------
                                                 Lawrence Fensterstock
                                                 Chief Financial Officer

                                      -13-