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TheStreet.com receives deficiency notice from Nasdaq over delayed report on Form 10-Q

Posted on: Thu, 19 Nov 2009 09:57:00 EST

Symbols: TSCM

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Nov 19, 2009 (M2 EQUITYBITES via COMTEX) --
TSCM | Quote | Chart | News | PowerRating -- Digital financial media company TheStreet.com Inc (Nasdaq:TSCM)
disclosed on Wednesday the receipt of a letter of non-compliance under
Listing Rule 5250(c) (1) from Nasdaq, noting its failure to file its
quarterly report on Form 10-Q for the period ended 30 June 2009

Nasdaq granted TheStreet.com a 180-day exception until 8 February 2010
to regain compliance with the rules that require the timely filing of
all required periodic financial reports with the US Securities and
Exchange Commission.

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

For full details on Thestreet.Com (TSCM) TSCM. Thestreet.Com (TSCM) has Short Term PowerRatings at TradingMarkets. Details on Thestreet.Com (TSCM) Short Term PowerRatings is available at This Link.

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