NEW YORK, Nov. 13, 2017 /PRNewswire/ -- TheStreet,
Inc. (NASDAQ: TST), a leading financial news and
information provider, announced today that it has entered into a
new four-year agreement with Jim
Cramer, the Company's founder, financial markets commentator
and a director of the Company. Mr. Cramer will continue his role
trading his multi-million-dollar Charitable Trust portfolio at
Action Alerts PLUS (www.actionalertsplus.com). He will also
continue to host events, author articles and provide video content
for the Company's subscription products and distribution channels,
most notably Real Money (www.realmoney.com) and TheStreet.com. The
new agreement is effective January 1,
2018 and will expire on December 31,
2021.
"The Company greatly benefits from the many contributions of our
founder, Jim Cramer, the most
recognized personality in financial media," said Dave Callaway, President and CEO of TheStreet.
"Jim's continued commitment to TheStreet is a strong validation of
the positive direction the Company is headed. Having Jim here and
motivated to grow our consumer business will allow the company to
maximize its potential and return value to our shareholders."
"I am thrilled to re-sign with the company I founded over 20
years ago. I truly believe that TheStreet has a bright future ahead
of itself and I look forward to contributing to its success for
years to come," concluded Jim
Cramer, founder of TheStreet.
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 namesake
brand, TheStreet (www.thestreet.com), is in its third
decade of producing unbiased business news and market analysis
for individual investors. 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; BoardEx (www.boardex.com), a
relationship mapping service of corporate directors and officers;
and RateWatch (www.rate-watch.com), which supplies rate and fee
data from banks and credit unions across the U.S.
Forward-Looking Statements
This press release contains forward-looking statements regarding
TheStreet's future strategic direction, sales, expanded and new
product offerings, market position and growth. Such forward-looking
statements are subject to risks and uncertainties, including those
described in the Company's filings with the Securities and Exchange
Commission that could cause actual results to differ materially
from those reflected in the forward-looking statements. The
potential risks and uncertainties include, among others, the
Company's dependence on Jim Cramer,
other key content distributors and key personnel, the Company's
ability to compete with new and existing competitors, the Company's
ability to protect its intellectual property and reputation,
financial market conditions and general economic conditions. 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.