NEW YORK, July 2, 2018 /PRNewswire/ -- TheStreet,
Inc. (Nasdaq: TST), a leading financial news and information
company, today announced that the Company has joined the Russell
Microcap® Index as part of the Russell indexes' annual reconstitution, effective as
of Monday, June 25, 2018.
Membership in the Russell Microcap® Index, which remains in
place for one year, means automatic inclusion in the appropriate
growth and value style indexes. FTSE Russell determines membership
for its Russell U.S. Indexes primarily by objective,
market-capitalization rankings and style attributes.
Russell U.S. Indexes are widely used by investment managers and
institutional investors as the basis for index funds and as
benchmarks for active investment strategies. Approximately
$9 trillion in assets are benchmarked
against Russell U.S. Indexes. Russell U.S. Indexes are part of FTSE
Russell.
"The inclusion of TheStreet into the Russell Microcap Index
emphasizes the success of our recent turnaround efforts and we are
honored to be part of it," said David
Callaway, President and CEO of TheStreet. "As we continue to
execute on our growth strategy and increase shareholder value, we
believe our inclusion in this index will serve as a valuable tool
to help broaden and educate our shareholder base."
For more information on the Russell Microcap Index and the
Russell US Indexes reconstitution, go to the "Russell
Reconstitution" section on the FTSE Russell
website.
About TheStreet, Inc.
TheStreet, Inc. (NASDAQ: TST, www.t.st) is a leading financial
news and information provider to investors and institutions
worldwide. The Company's flagship brand, TheStreet
(www.thestreet.com), has produced unbiased business news and market
analysis for individual investors for more than 20 years. The
Company's portfolio of institutional brands includes The Deal
(www.thedeal.com), which provides actionable, intraday coverage of
mergers, acquisitions and all other changes in corporate control
and BoardEx (www.boardex.com), a relationship mapping service of
corporate directors and officers.
Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements as that
term is defined in the Private Securities Litigation Reform Act of
1995. These forward-looking statements include statements
regarding planned investments in our business and expectations for
2018. Such forward-looking statements are subject to risks
and uncertainties, including those described in the Company's
filings with the Securities and Exchange Commission ("SEC") that
could cause actual results to differ materially from those
reflected in the forward-looking statements. Factors that
might contribute to such differences include, among others,
economic downturns and the general state of the economy, including
the financial markets and mergers and acquisitions environment; our
ability to drive revenue, and increase or retain current
subscription revenue, particularly in light of the investments in
our expanded news operations; our ability to develop new products;
competition and other factors set forth in our filings with the
SEC, which are available on the SEC's website at www.sec.gov.
All forward-looking statements contained herein are made as of the
date of this press release. Although the Company believes
that the expectations reflected in the forward-looking statements
are reasonable, the Company cannot guarantee future results or
occurrences. The Company disclaims any obligation to update
these forward-looking statements, whether as a result of new
information, future developments or otherwise.
Contact: Eric Lundberg, Chief
Financial Officer, TheStreet, Inc., ir at thestreet.com;
John Evans
Investor Relations, PIR Communications, 415-309-0230, ir at
thestreet.com
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SOURCE TheStreet, Inc.