LETTER OF INTENT (LOI)

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QRUS 8-K April 14, 2005

Item 8.01 Other Events

Effective April 13, 2005, Qorus.com, Inc., a Florida corporation
("Company") terminated its Letter of Intent with Beijing Taxus Co. Ltd.
("Taxus") to acquire Taxus (Cayman) Inc., the holding company of Taxus. The
completion of the acquisition had been subject to the negotiation and execution
of a definitive acquisition agreement, the delivery of U.S. GAAP financial
statements by Taxus, and the receipt of certain approvals by the appropriate
regulatory authorities in the People's Republic of China and other applicable
jurisdictions.

The Company terminated the Letter of Intent effective as of April 13, 2005
due to the failure of Taxus to deliver U.S. GAAP financial statements and the
approvals within 60 days of the date of the Letter of Intent.

Reference is hereby made to the Current Report on Form 8-K filed by the
Company on November 11, 2004 announcing the execution of the Letter of Intent,
which is hereby incorporated by reference

Qorus is a public "shell" company with nominal assets, whose sole business
will be to identify, evaluate and investigate various companies with the intent
that, if such investigation warrants, a reverse merger transaction be negotiated
and completed pursuant to which Qorus would acquire a target company with an
operating business, with the intent of continuing the acquired company's
business as a publicly held entity.