NEW YORK, October 23, 2002 - TheStreet.com, Inc. (Nasdaq:TSCM), a leading multimedia provider of financial commentary, research, analysis and news, today announced that James Lonergan, the company's chief operating officer, has been named president and chief operating officer. Mr. Lonergan will assist in driving TheStreet.com's business strategy and continue to direct the Company's daily operations, overseeing all activities in several key operational areas, including sales and marketing, product development and technology. He will continue to report directly to Thomas J. Clarke Jr., TheStreet.com chairman and CEO.

"This appointment recognizes Jim's outstanding contributions to TheStreet.com during his tenure as chief operating officer," said Clarke. "Jim's operational background in the financial services and media industries has made an immediate impact on the Company and his breadth of industry knowledge and leadership abilities have played a key role in our rapid growth and expansion. He has proven himself to be an invaluable addition to our management team and his expertise fits perfectly into our focus on the professional market space as we continue building a strong foundation for financial success."

Mr. Lonergan possesses nearly twenty years of experience in the financial sector, with a broad background in sales and marketing, operations, information systems and human resources. Before joining TheStreet.com in February 2001, Mr. Lonergan served as chief operating officer at Worldly Information Network, where he oversaw the company's daily operations and was responsible for the structuring of the Worldly Information division, including its more than 70 employees and offices in New York and San Francisco. Prior to Worldly Information Network, Mr. Lonergan served as executive vice president chief operating officer of an $80 million business unit within Thomson Financial. Additionally, he worked extensively in the investment management community in the investment-decision process and in senior sales, product and marketing roles at Alliance Capital Management and SunAmerica Asset Management.

"TheStreet.com's recent product additions and creation of a best-in-class editorial team of experienced financial commentators have positioned the Company for even stronger and more rapid long-term growth," said Lonergan. "I am thrilled to be offered this great opportunity to assist in driving the Company to an even higher level of excellence."

Mr. Lonergan holds a MBA from Fordham University and received a bachelor's degree from Villanova University.

TheStreet.com, Inc. (Nasdaq: TSCM) is a leading multimedia provider of original, timely, insightful and trustworthy financial commentary, research, 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, and our professionally-oriented subscription site called RealMoney Pro. 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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