NEW YORK, September 22, 2000 - TheStreet.com, Inc. (Nasdaq: TSCM ), a leading provider of financial news and commentary, today said that it anticipates lower-than-expected third quarter revenue, but that reported earnings per share will still meet analysts' expectations.

The company reinforced its commitment to become cash flow positive by the second half of 2001, and stated that its cash position remains strong at approximately $88 million.

The company launched a new business model this past June -- a multi-leg revenue model that maintains a subscription revenue stream, while relying more heavily on advertising sales to support its free hub.

"From a revenue standpoint, this is a disappointing quarter for TheStreet.com," said Tom Clarke, Chief Executive Officer. "Unfortunately, our projections didn't account for the slower-than-anticipated implementation of our news distribution deals, and the impact of seasonality on advertising sales. These factors hampered our aggressive plans for page view and revenue growth."

"We will continue to fine-tune our business model, as needed, with the objective of reaching profitability in the second half of next year."

"These have been tough months for all Internet content providers," said Fred Wilson, Chairman of the Board. "It is clear that it will take longer than expected for the new business model to deliver top-line growth. We are confident that Tom Clarke and his team will lead us to profitability."

About TheStreet.com
TheStreet.com, Inc. (Nasdaq: TSCM ) is a leading producer of original, timely, comprehensive and trustworthy financial news and commentary -- through its network of free and subscription-based web sites, and through conferences, books, and wireless and broadband initiatives. TheStreet.com Network includes the free TheStreet.com site for individual investors of all experience levels, and three subscription-based satellite sites: RealMoney.com for active investors; ipoPros.com for IPO investors; and TheStreetPros.com for investment professionals. TheStreet.com brand is built on its best-in-class editorial team of experienced financial journalists based in New York City, San Francisco and London, and commentators throughout Europe and Asia.

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.

A conference call is scheduled for 5:00 p.m. ET. For the financial community, please dial 1-800-482-2225. For the media, please dial 1-800-491-3127. For international callers, please dial 1-303-267-1007.

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