U.S. Securities and Exchange Commission

   Litigation Release No. 16667 / August 29, 2000

   SEC v. Tutornet.com Group, Inc. and Euburn R.A. Forde, Civil Action
   No. 00-1472-A (U.S.D.C. E.D.Va, Alexandria Division)

   On August 29, 2000 the Securities and Exchange Commission filed a
   complaint in the United States District Court for the Eastern District
   of Virginia, Alexandria Division, against Tutornet.com Group, Inc.
   ("Tutornet"), of Chantilly, Virginia, and Euburn R.A. Forde ("Forde"),
   the president, chief executive officer and chairman of the board of
   Tutornet.

   The Commission's complaint alleges that Tutornet and Forde made false
   and misleading statements, and omitted to state material information,
   in a Form 8-K filed with the Commission on May 18, 2000, and in a
   January 2000 letter to shareholders ("Shareholder Letter") published
   on Tutornet's website, in an effort to lull current and prospective
   investors into a false sense of security in the face of Tutornet's
   precarious financial condition. The Complaint also alleges that
   Tutornet's Form 10-Q filed with the Commission on August 21, 2000 was
   deficient because it failed to include a statement of cash flow. The
   Commission also filed with the Complaint a motion for a Preliminary
   Injunction against Tutornet and Forde.

   The Complaint alleges that Tutornet's Form 8-K, signed by Forde, made
   misleading statements and failed to disclose material information
   concerning Tutornet's relationship with America Online, Inc. ("AOL").
   Specifically, the Complaint alleges that Tutornet stated in the Form
   8-K that it was in the process of "co-branding" with AOL, which would
   result in a revenue sharing arrangement with AOL that would provide
   the financially troubled Tutornet with access to over 18 million AOL
   subscribers, and the potential to generate annual revenues of $324
   million. The Complaint alleges that this statement was false when made
   in the Form 8-K which was filed with the Commission on May 18, 2000
   because, in April 2000, AOL terminated its contractual relationship
   with Tutornet based upon Tutornet's failure to make certain payments
   under the terms of the contract. The Complaint also alleges that
   Tutornet failed to disclose the termination of the contract. The
   Complaint further alleges that Tutornet failed to issue any corrective
   statement concerning Tutornet's earlier characterizations of the AOL
   contract in the Shareholder Letter which first appeared on Tutornet's
   website in January 2000, which were rendered inaccurate by the
   termination of the contract in April 2000.

   The Complaint also alleges that Tutornet and Forde made false and
   misleading statements in the Form 8-K concerning a prospective $30