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: September 30, 1999

[_]  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 Identification No.)
 incorporation or organization)

                         2001 Marcus Avenue, Suite W290
                          Lake Success, New York 11042
                    (Address of principal executive offices)

                                 (516) 327-2400
                           (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 -- 5,300,129  shares  outstanding  as of October 25,
1999.


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 - September 30, 1999 (Unaudited)
         and December 31, 1998 (Audited)..................................... 3

         Consolidated Statements of Operations for the Three Months
         Ended September 30, 1999 and 1998 (Unaudited)....................... 4

         Consolidated Statements of Operations for the Nine Months
         Ended September 30, 1999 and 1998 (Unaudited)....................... 5

         Consolidated Statements of Cash Flows for the Nine Months
         Ended September 30, 1999 and 1998 (Unaudited)....................... 6

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

     Item 2. Management's Discussion and Analysis of Financial Condition
         and Results of Operations.......................................... 10


PART II. OTHER INFORMATION

     Item 6. Exhibits and Reports on Form 8-K............................... 13


SIGNATURES.................................................................. 14


                                      -2-
<PAGE>


PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

                  CREDITRISKMONITOR.COM, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                    SEPTEMBER 30, 1999 AND DECEMBER 31, 1998

<TABLE>
<CAPTION>
                                                                  September 30,    Dec. 31,
                                                                      1999           1998
                                                                   (Unaudited)     (Audited)
                                                                  ------------    ------------
<S>                                                               <C>             <C>
                                     ASSETS
Current assets:
  Cash and cash equivalents                                       $  1,530,026    $     13,400
  Accounts receivable                                                  307,177            --
  Purchase Option                                                         --           115,000
  Other                                                                 14,679            --
                                                                  ------------    ------------
    Total current assets                                             1,851,882         128,400

Fixed assets:
  Fixed assets                                                         302,356            --
  Less: Accumulated depreciation                                       (41,999)           --
                                                                  ------------    ------------
    Total fixed assets                                                 260,357            --

Other assets:
  Goodwill                                                           2,211,877            --
  Other                                                                 18,298            --
                                                                  ------------    ------------
    Total other assets                                               2,230,175            --
                                                                  ------------    ------------
TOTAL ASSETS                                                      $  4,342,414    $    128,400
                                                                  ============    ============

                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current liabilities:
  Unearned income                                                 $    975,224    $       --
  Accounts payable                                                      17,702           5,908
  Accrued liabilities                                                   85,364          86,364
  Other                                                                 20,395           5,500
                                                                  ------------    ------------
    Total current liabilities                                        1,098,685          97,772

Deferred salary                                                         63,750            --
Secured Promissory Note                                                812,393            --
Expense Promissory Note                                                103,864            --
                                                                  ------------    ------------

    Total liabilities                                                2,078,692          97,772

Redeemable convertible voting senior preferred stock                      --         1,100,000

Stockholders' equity (deficit):
  Common stock                                                          53,001           3,998
  Additional paid-in capital                                        27,063,500      22,818,930
  Accumulated deficit                                              (24,852,779)    (23,892,300)
                                                                  ------------    ------------
    Total stockholders' equity (deficit)                             2,263,722      (1,069,372)
                                                                  ------------    ------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)              $  4,342,414    $    128,400
                                                                  ============    ============
</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 SEPTEMBER 30, 1999 AND 1998
                                   (Unaudited)

                                                         1999           1998
                                                     -----------    -----------

Revenues:
  Subscription income                                $   309,788    $      --
  Total other income                                      10,136            906
                                                     -----------    -----------
    Total revenues                                       319,924            906

Expenses:
  Salaries and employee benefits                         382,346           --
  Data and product costs                                  81,626           --
  Selling, general and administrative expenses            86,088         (8,864)
  Depreciation and amortization                           46,075           --
  Interest expense                                        21,661           --
                                                     -----------    -----------
    Total expenses                                       617,796         (8,864)
                                                     -----------    -----------

Income (loss) before income taxes                       (297,872)         9,770
Provision (benefit) for income taxes                        (435)         2,170
                                                     -----------    -----------

Net income (loss)                                    $  (297,437)   $     7,600
                                                     ===========    ===========

Net income (loss) per share of common stock:

  Basic                                              $     (0.06)   $      0.02
                                                     ===========    ===========

  Diluted                                            $     (0.06)   $      0.00
                                                     ===========    ===========

Weighted average number of common shares
outstanding:

  Basic                                                5,300,129        399,830
                                                     ===========    ===========

  Diluted                                              5,300,129      3,998,128
                                                     ===========    ===========


     See accompanying condensed notes to consolidated financial statements.


                                      -4-
<PAGE>


                  CREDITRISKMONITOR.COM, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
              FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1999 AND 1998
                                   (Unaudited)

                                                         1999           1998
                                                     -----------    -----------
Revenues:
  Subscription income                                $   870,813    $      --
  Total other income                                      48,064          7,410
                                                     -----------    -----------
    Total revenues                                       918,877          7,410

Expenses:
  Salaries and employee benefits                       1,005,731           --
  Data and product costs                                 248,686           --
  Selling, general and administrative expenses           309,824         16,829
  Depreciation and amortization                          118,554
  Interest expense                                        59,709           --
  Write-off of intangible assets                         134,076           --
  Loss on sale of fixed assets                             3,191           --
                                                     -----------    -----------
    Total expenses                                     1,879,771         16,829
                                                     -----------    -----------

Income (loss) before income taxes                       (960,894)        (9,419)
Provision (benefit) for income taxes                        (435)         2,545
                                                     -----------    -----------

Net income (loss)                                    $  (960,459)   $   (11,964)
                                                     ===========    ===========


Net income (loss) per share of common stock:

  Basic                                              $     (0.18)   $     (0.03)
                                                     ===========    ===========

  Diluted                                            $     (0.18)   $     (0.03)
                                                     ===========    ===========

Weighted average number of common shares
outstanding:

  Basic                                                5,300,129        399,830
                                                     ===========    ===========

  Diluted                                              5,300,129        399,830
                                                     ===========    ===========


     See accompanying condensed notes to consolidated financial statements.


                                      -5-
<PAGE>


                  CREDITRISKMONITOR.COM, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
              FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1999 AND 1998
                                   (Unaudited)


                                                         1999           1998
                                                     -----------    -----------
Cash flows from operating activities:
  Net income (loss)                                  $  (960,459)   $   (11,964)
  Adjustments to reconcile net income
    (loss) to net cash provided (used)
    by operations:
      Write-off of intangible assets                     134,076           --
      Loss on sale of fixed assets                         3,191           --
      Depreciation and amortization                      118,554           --
      Amortization of debt discount                       54,007           --
      Deferred interest expense                            5,702           --
      Deferred salary                                     63,750           --
      Gain on marketable investment securities              --              (15)
  Changes in assets and liabilities, net
    of business acquisition:
      Decrease in accounts receivable                    101,301           --
      Increase in other current assets                   (14,679)          --
      Decrease (increase) in Purchase Option             115,000       (115,000)
      Increase in unearned income                        178,871           --
      Increase (decrease) in accounts payable             11,794     (1,260,000)
      Decrease in accrued liabilities                     (1,000)          --
      Increase in other current liabilities               14,895           --
                                                     -----------    -----------
Net cash used by operating activities                   (174,997)    (1,386,979)
                                                     -----------    -----------

Cash flows from investing activities:
  Payment for purchase of assets from Market
    Guide Inc., net of debt issued                    (1,393,492)          --
  Purchase of fixed assets                               (90,140)          --
  Increase in other assets                               (18,298)          --
                                                     -----------    -----------
Net cash used by investing activities                 (1,501,930)          --
                                                     -----------    -----------

Cash flows from financing activities:
  Proceeds from private offering, net of
    offering expenses                                  3,193,553           --
                                                     -----------    -----------
Net cash provided by financing activities              3,193,553           --
                                                     -----------    -----------

Net increase (decrease) in cash and cash
  equivalents                                          1,516,626     (1,386,979)
Cash and cash equivalents at beginning of
  period                                                  13,400      1,399,274
                                                     -----------    -----------

Cash and cash equivalents at end of period           $ 1,530,026    $    12,295
                                                     ===========    ===========


SUPPLEMENTAL DISCLOSURE OF NONCASH
  FINANCING ACTIVITIES:
    Issuance of Promissory Notes                     $   856,548    $      --
                                                     ===========    ===========


     See accompanying condensed notes to consolidated financial statements.


                                      -6-
<PAGE>


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


(1) Name Change

The  Company  (formerly  New  Generation  Foods,   Inc.)  changed  its  name  to
CreditRiskMonitor.com, Inc. effective May 11, 1999.

(2) Basis of Presentation

The consolidated  financial statements included herein have been prepared by the
Company,  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 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, 1998.

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 September 30,
1999 and the  results of its  operations  and its cash flows for the  nine-month
periods ended September 30, 1999 and 1998.

Results of operations  for the nine-month  periods ended  September 30, 1999 and
1998 are not necessarily indicative of the results of a full year.

Certain  prior year  amounts have been  reclassified  to conform with the fiscal
1999 presentation.

(3) Purchase of CreditRisk Monitor and Capital Transactions

In September 1998, the Company  entered into an option  agreement (the "Purchase
Option")  to  purchase  the  assets of the  CreditRisk  Monitor  ("CRM")  credit
information  service from Market Guide Inc.  ("MGI").  CRM is an Internet  based
service  providing credit reports to corporate  personnel on retailing and other
companies  incorporating  MGI developed  financial  information,  peer and trend
analysis,  news, alert notifications,  and other vital information.  The Company
paid $60,000 for the Purchase  Option in addition to paid and accrued legal fees
totaling  $55,000.  On  December  29,  1998,  the  Company  notified  MGI of its
intention to exercise this Purchase Option, which was consummated on January 19,
1999.

On January 19, 1999, the Company  exercised its option to purchase the assets of
CRM. The assets purchased included customer contracts,  receivables,  equipment,
software,  and  intangibles.  The net present  value of the  purchase  price was
approximately  $2,150,000 (inclusive of the $60,000 paid for the Purchase Option
in September  1998),  of which $1.23 million was paid at closing and the balance
is represented by two secured  promissory notes (one for approximately  $100,000
and the other for $760,000, net of $240,000


                                      -7-
<PAGE>


discount).  These  promissory  notes  provide  for  the  deferral  of  principal
amortization  until February 2001 (for the $100,000 note which bears interest at
8.5 percent) and July 2001 (for the $1.0 million note which bears  interest at 6
percent),  respectively.  Both  notes are then  payable  over 24 months  and are
secured  by the  assets  purchased  and  substantially  all other  assets of the
Company.  The $1.0 million note provides for no interest  through June 30, 2001,
while the other note provides for the deferral of interest  until debt servicing
commences.

Concurrently,  the Company  completed a private placement of 1,300,000 shares of
its common stock to approximately 25 "accredited  investors" at a purchase price
of $2.50 per share, for gross proceeds of $3.25 million.  The proceeds from this
offering  were used to finance the cash portion of the CRM  acquisition  and the
remainder will be used for future working capital needs.  These  securities were
subsequently   registered   under  a   Registration   Statement   on  Form  SB-2
(Registration No. 333-77727)  declared  effective by the Securities and Exchange
Commission on May 17, 1999.

In anticipation of the exercise of the option,  in November 1998, Flum Partners,
a related party,  provided the Company with a line of credit of up to $20,000 of
which only  $5,500 was drawn upon and,  in  consideration  thereof,  the Company
agreed to issue to Flum Partners 2,000 shares of common stock.  As a participant
in the private  placement,  Flum  Partners  purchased  160,000  shares of common
stock.  In addition,  as a condition  to the private  placement,  Flum  Partners
agreed to convert all of its  1,100,000  shares of senior  preferred  stock into
3,598,299  shares  of common  stock on or prior to the  closing  of the  private
placement. This conversion was effected as of January 19, 1999.

This  acquisition  was  accounted for using the purchase  method of  accounting.
Accordingly,  a portion of the purchase  price was allocated to net tangible and
intangible  assets acquired based on their estimated fair values.  A portion was
also  allocated to in-process  research and  development  projects that have not
reached technological  feasibility and have no probable alternative future uses.
This amount ($134,076) was written-off in the first quarter of 1999. The balance
of the purchase price was recorded as goodwill,  and is being  amortized over 20
years.

The following  unaudited  pro forma summary for the nine months ended  September
30, 1998 presents the  consolidated  results of operations as if the acquisition
had been made at the  beginning  of 1998.  These  results  do not  purport to be
indicative of what would have occurred had the acquisition actually been made as
of January 1, 1998 or the results which may occur in the future.

Revenues                                                          $   563,751
                                                                  ===========

Net income (loss)                                                 $(1,136,107)
                                                                  ===========

Net income (loss) per share - basic                               $     (0.21)
                                                                  ===========

Net income (loss) per share - diluted                             $     (0.21)
                                                                  ===========

Net income  (loss) per share was computed on a pro forma basis giving  effect to
the issuance of 1,300,000 common shares,  the conversion of the 1,100,000 shares
of redeemable  preferred stock into 3,598,299 common shares, and the issuance of


                                      -8-
<PAGE>


2,000  common  shares to Flum  Partners.  All of these stock  transactions  were
related to the acquisition.

(4) Net Income (Loss) Per Share

In February 1997, the Financial  Accounting Standards Board issued SFAS No. 128,
"Earnings  Per Share." SFAS No. 128  establishes  standards  for  computing  and
presenting  earnings  per  share  ("EPS").   SFAS  No.  128  requires  the  dual
presentation  of basic and diluted EPS on the face of the  statement  of income.
Basic EPS  excludes  dilution  and is computed by dividing  income  available to
common  shareholders by the weighted average number of common shares outstanding
for the period.  Diluted EPS reflects the potential dilution that could occur if
securities or other  contracts to issue common stock were exercised or converted
into common stock. The Company adopted SFAS No. 128 during fiscal 1997.


                                      -9-
<PAGE>


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

Results of Operations

     The Company  terminated its business as a food  manufacturer on October 22,
1993, when it sold its natural foods  distribution  business to American Pacific
Financial  Corporation (the "Asset Sale"). It conducted no operations during the
nine months ended September 30, 1998.  Results for this period reflect  selling,
general and administrative expenses in excess of interest and dividend income.

     In January  1999,  the  Company  acquired  the assets of CRM and  commenced
operations.  Accordingly,  the three and nine month periods ended  September 30,
1999 reflects the operating results of the Company's credit information  service
business.  This business began selling its product in April 1997 and is still in
its early stages of development.  As a start-up business, the Company incurred a
net loss of $297,437 and $960,459 for the three and nine months ended  September
30, 1999,  respectively.  Included in the nine month's results is a write-off of
$134,076  representing  a portion of the purchase  price paid for the CRM assets
allocated to in-process research and development  projects that have not reached
technological feasibility and have no probable alternative future uses.

     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.  However,  the Company expects that cash receipts will be
approximately  $1.5 million for 1999.  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  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 upgrade and develop its
systems and infrastructure,  (vi) the Company's ability to attract new personnel
in a timely and effective manner,


                                      -10-
<PAGE>


(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

     From October 1993,  when it sold its previous  natural  foods  distribution
business, through the end of 1998 the Company had no revenues from operations.

     During this period,  the Company received  revenues from notes issued to it
in connection with its 1993 Asset Sale. During 1998 the Company was required, by
the terms of its then  outstanding  Series A and Series B Preferred Stock (which
required  payment  of  liquidation  preferences  upon  a  sale  or  transfer  of
substantially  all  the  assets  of the  Company)  to  pay  out  the  applicable
liquidation preferences to Flum Partners, the holder of those series.

     As previously  reported,  the Company issued to Flum Partners at the end of
1997 and in the first  quarter  of 1998 a total of $1.8  million  of cash,  plus
1,100,000 shares of its new Senior Preferred Stock  (convertible  into 3,598,299
shares of Common Stock) in payment of the  liquidation  preferences  and accrued
dividends  on the Series A Preferred  Stock and Series B Preferred  Stock.  This
cash payment effectively dissipated all of the Company's liquid assets as at the
end of 1997 and the share  issuance gave Flum Partners the right to own and vote
90% of the Company's outstanding equity shares.

     Jerome Flum's employment contract was terminated effective December 1, 1997
and he agreed, for a twelve-month  period, to attempt to identify and consummate
a transaction that would increase the value of the Company.

     During 1998 the Company  located,  investigated and negotiated the purchase
of the CRM business then owned by MGI. In September  1998 the Company  purchased
an option to purchase the assets of the CRM business and it exercised its option
on December 29, 1998. The transaction closed effective January 19, 1999.

     In order to  raise  funds to pay the  $1.23  million  cash  portion  of the
purchase  price for the CRM  assets,  the costs of the  acquisition  and to have
sufficient  working  capital to continue to develop and run that  business,  the
Company completed a private placement of 1,300,000 shares on January 19, 1999 of
its Common Stock to approximately 25 "accredited  investors" at a purchase price
of $2.50 per share,  for gross  proceeds of $3.25 million.  Management  believes
that the proceeds of this offering will provide adequate working capital to fund
operating losses of CRM until cash breakeven has been achieved.

     The transactions  described above,  along with the issuance of 2,000 shares
of Common  Stock to Flum  Partners  in  November  1998 in  consideration  of its
provision to the Company of a line of credit and the conversion by Flum Partners
of its Senior  Preferred  shares into Common Stock on or about January 20, 1999,
resulted  in Flum  Partners  owning more than 72% of the  Company's  outstanding
Common Stock (which is its only equity security now outstanding)  after the 1998
Private Placement.


                                      -11-
<PAGE>


     At September 30, 1999,  the Company had cash,  cash  equivalents  and other
liquid assets of $1,530,026 compared to $13,400 of liquid assets at December 31,
1998,  and had  working  capital of  $753,197,  compared  to working  capital of
$30,628 at December 31,  1998.  The Company has no bank lines of credit or other
currently available credit sources.

     Funds from the 1998 Private Placement became available to the Company on or
about  January 19, 1999,  at which date the Company paid the cash portion of the
purchase price for the CRM assets, paid the expenses of the purchase transaction
and retained the remaining proceeds for use as working capital over the next two
years.


YEAR 2000 PLANNING

     The  Company  has  implemented  a Year  2000  program  to  ensure  that the
Company's and the Company's vendors' and business partners' computer systems and
applications will function properly beyond 1999. The Company's current principal
supplier of data for use in the  preparation  of the Company's  credit  analyses
reports is MGI. Pursuant to the outstanding Database License Agreement,  MGI has
agreed to  furnish  data  that is year  2000  compliant.  The  Company  has also
identified  vendor and business  partner  software with which it  electronically
interacts,  and has requested Year 2000 compliance  certifications.  The Company
has received  assurances from those vendors and business  partners whose systems
are not currently Year 2000 compliant that the necessary  modifications,  or new
versions of software,  will be made  available by 2000. The Company has reviewed
and  tested  all  of its  computers  systems  and  Internet-based  products  and
determined that they are all Year 2000 Compliant. The Company defines "Year 2000
Compliant" as the ability of its hardware and software to recognize and properly
process data beyond December 31, 1999 as well  recognizing that the Year 2000 is
a leap year and that any  calculations  dependent upon knowing this fact will be
performed correctly.  The Company's cost to comply with the Year 2000 initiative
is not expected to be material.

FORWARD-LOOKING STATEMENTS

     Part I, Item 2 (Management's Discussion and Analysis of Financial Condition
and Results of Operations)  of this Quarterly  Report on Form 10-QSB may contain
forward-looking  statements,  including  statements  regarding future prospects,
industry  trends,  competitive  conditions,  litigation  and Year  2000  systems
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 in Part
I, Item 2 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.


                                      -12-
<PAGE>


PART II. OTHER INFORMATION

Item 6. Exhibits and Reports on Form 8-K

(a)  Exhibits

     27.  Financial Data Schedule.

(b)  Reports on Form 8-K

     None.


                                      -13-
<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: November 1, 1999                  By:  /s/  Lawrence Fensterstock
                                             ---------------------------------
                                                  Lawrence Fensterstock
                                                  Chief Financial Officer


                                      -14-