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TTNP Pinksheet already up a lot GREAT FALLS, Va., Jan 23, 2004 /PRNewswire-FirstCall via COMTEX/ -- Tutornet.com Group, Inc. (OTC pinksheets: TTNP), today announced that it has entered into letters of intent to acquire three companies with the view to expanding its business base and augmenting its development-stage online education business. The plan calls for these properties to be acquired.


The three companies consist of:
1. An electronic payment processing company that serves several hundred
electronic bill payment centers located in the northeastern U.S. The
acquisition candidate's advanced software allows WEB-Check payments,
E-Bill payment and various credit card payment options. It also
provides E-payment services to several fortune 500 companies.

2. A financial services company that provides prepaid debit &
MasterCard(R) credit cards to the self-bank and X-Generation market
segment. The prepaid cards are to be branded with the Tutornet logo
and known as the "Tutornet E-Card." A cardholder will automatically
receive a one month free trial of Tutornet's online tutoring services.
TTNP intends to market and sell the Tutornet E-Card.

3. A residential real estate/property services company that intends to
renovate and operate "Smart-Properties" for the post-secondary learning
community. Smart-Properties are designed to provide students with
affordable access to e-learning and computer-driven technologies "off
campus" while remaining nearby their respective higher learning
institutions.

According to a company spokesman, TTNP believes the closing of the above- stated acquisitions combined with launching its online tutoring services may provide positive synergies and improve the opportunity for success of implementing TTNP's revised business plan.
To learn more about Tutornet's services, visit the Company's online demo at www.tutornet.ws.

The above news release contains forward-looking statements. These statements are based on assumptions that management believes are reasonable based on currently available information, and includes statements regarding the intent, belief or current expectations of Tutornet.com Group, Inc. (the "Company") Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and are subject to a wide range of business risks, external factors and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the company, new products and technological changes, the Company's dependence on third party suppliers, intellectual property rights and the other risks detailed from time to time in the Company's publicly available documents. Actual results may differ materially from those indicated by such forward-looking statements. Tutornet.com Group, Inc. assumes no obligation to update the information contained in this press release, whether as a result of new information, future events or otherwise.

SOURCE Tutornet.com Group, Inc.



CONTACT: Samuel Edwards of Tutornet.com Group, Inc., [phone]

URL: http://www.tutornet.ws
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