TheStreet.com is on track for accelerated growth when its new 'go-free' business model is launched later this quarter.

Consolidated net revenues for the first quarter of 2000 totaled $5.7 million, a 187% increase over first quarter 1999 revenues of $2.0 million. Excluding goodwill and a non-cash compensation charge in connection with certain stock options, the Company reported a lower-than-expected consolidated net loss-$13.0 million, or ($0.51) per share-in the first quarter of 2000 before giving effect to preferred dividends. As of March 31, 2000, the Company had over $107 million in cash.

The average monthly number of unique visitors to the Company's sites worldwide during the first quarter of 2000 was 3.6 million, an increase of 445% compared with 661,000 average monthly unique visitors during the first quarter of 1999. The average monthly number of page views during the first quarter was 41 million, an increase of 273% over the first quarter 1999 figure of 11 million.

"This strong traffic is already driving Q2 ad revenue as we prepare to launch our new go-free model-a model that will help us further monetize our product quickly and efficiently," said Thomas J. Clarke, Chief Executive Officer. "We have what it takes to bring profitability into focus-an unmatched editorial product, strong cash resources; experienced management; and, by the end of this quarter, the scalable business model to drive revenue."

Consolidated advertising and e-commerce revenues for the most recent quarter totaled $3.0 million, a 163% increase compared with the first quarter 1999 level of $1.1 million. More than 110 companies advertised on TheStreet.com's sites in the US and the UK during the first quarter of 2000.

Consolidated subscription revenues for the most recent quarter totaled $2.0 million, a 186% increase compared with the first quarter 1999 level of $713,000. As of March 31, 1999, the Company's subscription base was over 116,000 (not including free-trial members), an increase of 127% compared with the number of subscribers as of March 31, 1999.

After giving effect to goodwill, preferred dividends, and the non-cash compensation charge, the Company's consolidated first quarter 2000 net loss amounted to $13.9 million or ($0.55) per basic and diluted share.

Looking ahead, the company is sharply focused on key business basics--cost containment, revenue building and broad-based customer value creation.

"This quarter's results put us on track to reach our target of EBITDA-positive results in our US operations during the second half of next year," said Clarke. "And our cash will take us through that point and beyond, with no need for additional financing in the US.

"In a larger sense," Clarke continues, "TheStreet.com is more than a website. We deliver financial news and analysis in a variety of revenue-generating media. This week's acquisition of BiGFiSH, an established conference producer, gives us yet another important medium for delivering the quality, original analysis that TheStreet.com is known for. Investors can now access us via the Web, television, and handheld devices like the Palm VII. Very soon, look for us to leverage a variety of additional media including wireless phones and pagers, books, and now live conferences."

Recent Highlights

• Heralded by a talked-about marketing campaign, TheStreet.co.uk launched in London ahead of schedule and under budget, delivering financial news and analysis to investors in the UK
• Acquisition of BiGFiSH Management, Inc., an established conference production firm that will produce investment conferences under TheStreet.com brand name
• Editor-in-chief Dave Kansas was named to the additional role of Executive VP/Chief Strategic Officer; Cathy Fetell was appointed Executive VP Communications/Chief Planning Officer; and Lisa Mogensen was appointed Interim CFO, succeeding Paul Kothari
• TheStreet.com announced agreements with wireless leader Motorola and streaming content provider On24 to extend the Company's financial news content across additional platforms including cell phones, pagers, and streaming media webcasts
• Doubleday to publish investing basics book written by Editor-in-Chief Dave Kansas and other writers from TheStreet.com
• A content syndication agreement with Red Hat brings branded news from TheStreet.com to the Wide Open News site
• Sponsorship agreements with Datek and Netstock Direct valued at $2.5 million total bring financial services to TheStreet.com site
• TheStreet.com announced the results of the largest survey ever ranking online brokerage firms

TheStreet.com will conduct a conference call today at 11:00 a.m. ET to discuss its first quarter 2000 financial results. The Company welcomes investors, analysts and members of the press to listen to the call over the Internet through Yahoo! Broadcast at:

http://webevents.broadcast.com/financecalls/event/index.asp?EarningsID=735

About TheStreet.com, Inc.
TheStreet.com, Inc. (Nasdaq: TSCM ) is publisher of TheStreet.com, a leading Web-based provider of financial news and commentary. TheStreet.com was founded in 1996, with an editorial team of over 80 experienced financial journalists based in New York City, San Francisco, Silicon Valley and London, and commentators throughout Europe and Asia. Under a recently announced strategy, the Company's main site at www.thestreet.com will become entirely free in the second quarter of 2000, augmented by a network of sites. TheStreet.com, Inc. has established strategic alliances with The New York Times, FOX News Network, Israel's Ha'aretz Group, America Online, Yahoo!, E*Trade, DLJdirect, Intuit, 3Com, and other leading companies. TheStreet.co.uk, a site majority owned by TheStreet.com, offers financial news and commentary to U.K. investors.

Statements contained in this news release which are not related to historical facts may be deemed forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties (described in the Company's SEC filings) which could cause actual results to differ.