NEW YORK, April 29, 2002 - TheStreet.com Inc. (Nasdaq:TSCM), a leading multimedia provider of financial commentary, analysis and news, today announced the launch of The Turnaround Report, the Company's twelfth subscription service and its fourth launched this year. With The Turnaround Report, TheStreet.com extends its lead as the top source of financial news and commentary to all levels of investors, from novices to professional money managers.

The Turnaround Report is a subscription service that contains exclusive access to turnaround stocks that have depreciated and are poised to rebound. This subscription service is based on the latest research and analysis of Arne Alsin, also known as "The Turnaround Artist." Alsin is the founder and principal of Alsin Capital Management, a Eugene, Oregon-based investment advisor specializing in turnaround opportunities and a regular contributor to RealMoney, a premium subscription site of TheStreet.com. With this subscription service, Alsin creates and maintains a model portfolio of recommended turnaround stocks. Alsin's top ten turnaround stocks in 2001 generated a return of 48%, handily beating the 11.79% loss of the S&P 500.

The product is priced at $399.95 per year or $39.95 per month, and has a 30-day free trial offer. To sign-up for a trial or for more information, click on the following URL:

https://secure2.thestreet.com/cap/prm.do?PID=PRTR-0001&OID=000500

Commenting on the announcement, James Lonergan, Chief Operating Officer of TheStreet.com, states, "We are delighted to have Arne join us and believe his product will give our customers another tool to help them improve their ability to successfully navigate the financials markets. This new product launch continues our strategy of introducing diversified subscription offerings to different segments of the investing audience. The Turnaround Report is our latest subscription offering tailored to the specialized needs of investors."

This latest service comes on the heels of several successful recent product launches this year, including RealMoney Pro, The Telecom Connection and The Daily Swing Trade that have driven sequential subscription revenue increases.

About TheStreet.com, Inc.
TheStreet.com, Inc. (Nasdaq: TSCM ) is a leading multimedia provider of original, timely, insightful and trustworthy financial commentary, analysis and news. TheStreet.com brand is built on our best-in-class editorial team of experienced financial commentators and journalists. On the Internet, our free, flagship web site, TheStreet.com, is accompanied by our premium, subscription-based site, RealMoney.com. In addition, our content is available across diverse media platforms, including print, radio and conferences, giving us more opportunities to generate revenue from the content we produce. Our strategic relationships with leading companies in the media, technology and financial services sectors help us create brand awareness and increase subscription and advertising revenues.

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