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An issue relating to its recording of certain non-core business revenue in Promotions.com, acquired in August 2007 was identified by the company and review of accounting matters related to the unit and assessment of the impact of those on the periods since the acquisition.

This matter does not affect the company's previously reported cash, cash equivalents, restricted cash or marketable securities and it is endeavouring to complete the review expeditiously.

Comments on this story may be sent to admin@m2.com

The Company previously announced that it had identified an issue relating to its recording of certain revenue in a non-core business, Promotions.com, that the Company acquired in August 2007. Since that announcement, the Company has been conducting a thorough review of accounting matters related to the business unit and the Company currently is assessing the impact of such matters on the periods since the acquisition. The Company has not yet determined whether it will be required to restate any prior period results. The Company currently does not believe that this matter is likely to result in any significant percentage revision to the aggregate revenue or expenses previously reported by the Company since the acquisition (although the Company cannot give any assurances with respect to this matter as its review is not yet complete), but may result in material revisions, upward or downward, to the net income reported by the Company during any one or more of the periods since the acquisition. This matter does not affect the Company's previously reported cash, cash equivalents, restricted cash or marketable securities. The Company is endeavoring to complete its review of this matter expeditiously, but cannot presently give assurances as to when the review will be completed.

When the review is completed, the Company will announce a new date and time for its second-and third-quarter 2009 earnings release and investor conference call in a subsequent press release.

About TheStreet.com

TheStreet.com is a leading digital financial media company. The Company's network includes the following properties: TheStreet.com, RealMoney.com, Stockpickr.com, BankingMyWay.com, MainStreet.com, Rate-Watch.com and Promotions.com. For more information and to get stock quotes and business news, visit http://www.thestreet.com.

SOURCE: TheStreet.com, Inc.

TheStreet.com, Inc. 
Rebecca Updegraph, 212-321-5008 
Investor Relations 
IR@thestreet.com

Expected next dividend:
Dividend Announcement Date: 9/8/2009
Dividend Record Date: 9/15/2009
Dividend Pay Date: 9/30/2009
Dividend Amount: 0.025