TheStreet.com, Inc. Acquires Ratings Business from Weiss Group, Inc

Business Wire, August 7, 2006

NEW YORK -- TheStreet.com, Inc. (NASDAQ: TSCM), a leading provider of financial commentary, analysis and news, today announced that it has acquired certain assets of Weiss Ratings, Inc. ("Ratings") a wholly owned subsidiary of Weiss Group, Inc.

Founded in 1988, Ratings provides independent financial evaluations in industries where it believes investors are at risk. Ratings tracks the risk-adjusted performance of more than 16,000 mutual funds and more than 6,000 stocks. In addition, Ratings uses proprietary quantitative computer models to evaluate the financial strength of more than 13,000 financial institutions, including life, health and annuity insurers; property and casualty insurers; HMOs; Blue Cross Blue Shield plans; banks and savings and loans.

TheStreet.com believes the Ratings acquisition is consistent with two aspects of its previously disclosed strategic plan: completion of what it believes are accretive acquisitions, while diversifying both the sources of revenue and content to emphasize the fast growing advertising category and to diminish reliance on any one product or service.

This well-regarded content will be woven into both TheStreet.com's free advertising supported and paid subscription services, adding a new level of variety and value for our users. Planning for these new offerings is well underway and TheStreet.com users in particular can look forward to a number of new, innovative features in the near future.

Ratings' focus on mutual fund information adds particular value to TheStreet.com because of the high demand for this content category by both our users and our advertisers. Furthermore, the acquisition is a step toward TheStreet.com's goal of transforming off-line subscription products into advertising supported, page view driven on-line augmentations to the Company's free Web site, www.thestreet.com.

Thomas J. Clarke, Jr., Chairman and CEO of TheStreet.com, said, "Ratings, with its proprietary quantitative models, has built an excellent reputation over the years. The Company's well-regarded and easy-to-use ratings model covers many aspects of the financial landscape, which in collaboration with our distribution platform will make this transaction one of mutual benefit to our combined user base. I extend a warm welcome to the entire Ratings team and look forward to working with them on additional new product ideas."

Clarke went on to say, "The strength of our balance sheet allows us to grow organically, as we have shown over the past several quarters. In addition, it gives us the flexibility to create shareholder value when external opportunities present themselves."

Bruce Fador, currently the President and CEO of Ratings, will join TheStreet.com as a Senior Vice President of a newly created subsidiary called TheStreet.com Ratings. The products and services of Ratings will be offered under TheStreet.com Ratings name.

"I am pleased that TheStreet.com has acquired the Ratings team along with our suite of research and ratings products," said Fador. "TheStreet.com has an outstanding reputation and a tremendous reach to investors at all levels. I am very excited about the opportunity to integrate and distribute our products to a much broader audience. Additionally, I am personally thrilled to join Tom Clarke and his management team at TheStreet.com, as they grow the business by helping investors make more informed investment decisions."

The cash purchase price and other terms of the transaction were not disclosed.

About TheStreet.com, Inc.

TheStreet.com, Inc. (Nasdaq: TSCM) is a leading multimedia provider of business and investment content, which it makes available through online publications, content syndication and audio and video programming. Founded in 1996, TheStreet.com, Inc. pioneered the electronic publishing of financial information on the Internet. Today, TheStreet.com is a free Web site complemented by 16 subscription services, offering various types of investors information they can use to help them make more informed investing and trading decisions.