Press Release: 08/04/1999 - TheStreet

Press Release: 08/04/1999

Author:
Publish date:

News Releases

FOR IMMEDIATE RELEASE Contact:

Sean McLaughlin

TheStreet.com

212.321.5254

smclaughlin@thestreet.com

Vivian Shpigler

TheStreet.com

212.321.5008

vshpigler@thestreet.com

Eric Alexander

Wall Street Access

212-709-9805

alexande@wsaccess.com

Wall Street Access to Underwrite Subscriptions to TheStreet.com for Investment ProfessionalsAgreement Provides TheStreet.com Content to Hedge Fund Managers and Other Buy-Side Investment Professionals Courtesy of Wall Street Access

New York, August 4, 1999 -

TheStreet.com Professional Markets Group and Wall Street Access, a New York Stock Exchange member firm, announced today that Wall Street Access will begin underwriting full premium access to

TheStreet.com

, a leading online financial news publication, for new clients, including hedge fund managers and other investment professionals. The agreement with Wall Street Access represents TheStreet.com Professional Markets Group's first third-party distribution contract to reach hedge-fund managers.

As part of a subscription marketing agreement that began last year, Wall Street Access has been purchasing subscriptions to

TheStreet.com

in order to distribute the publication's timely and insightful news and commentary to its brokerage clients. Wall Street Access now will underwrite subscriptions to

TheStreet.com

for investment professionals who trade through the firm. Both companies have identified the buy side as a promising growth market.

"Our rapidly growing client base is proof of the strong position we have carved out in executing equity and options trades for this group of demanding professionals," said Eric Alexander, Managing Director of Wall Street Access. "Providing our money manager clients with full access to

TheStreet.com

's aggressive financial news coverage gives them the knowledge they need to make better-informed investment decisions, which they can execute through Wall Street Access."

"

TheStreet.com

has earned a reputation for providing original financial news and commentary that is valuable to both professionals and individual investors," said Kevin W. English, Chairman and CEO of TheStreet.com Inc. "Expanding our relationship with Wall Street Access by providing more of their clients with our product helps us to grow TheStreet.com's Professional Markets Group and increases our visibility on the buy side."

Wall Street Access is a leader in providing high-quality service and personalized attention to the growing market of individual traders and professional money managers. Founded in 1981, Wall Street Access is a member of the NYSE, NASD and SIPC. Approximately 30% of Wall Street Access' customer base places trades electronically. Wall Street Access clears trades through Deutsche Banc Alex. Brown. The WSA Web site is located at

http://www.wsaccess.com.

TheStreet.com Professional Markets Group is a division of TheStreet.com, Inc. (

TSCM:Nasdaq), a leading Web-based provider of original, timely, comprehensive, and trustworthy financial news and commentary.

TheStreet.com

(

www.thestreet.com) was founded in 1996 and is based in New York City, with bureaus in San Francisco and London.

TheStreet.com

's editorial team, with over 65 experienced financial journalists and two dozen outside contributors, publishes approximately 40 original news stories and commentaries every business day. TheStreet.com Professional Markets Group establishes multi-seat distribution of TheStreet.com's financial news and information products for financial services firms. Current clients include PaineWebber, Deutsche Banc Alex. Brown and Fidelity.

Back to News Releases Index.

Stock quotes provided by Standard & Poor's ComStock are delayed at least 15 minutes.