About Tutornet Tutornet is the world's first live, interactive tutoring service offered over the Internet. The service is delivered to students via an interactive website, featuring live teachers in virtual classrooms where students get help with tough homework problems. The students are given the opportunity to receive subject-oriented assistance from experienced teachers without leaving home. Live tutoring is available for elementary to college age students in various subjects. In addition, each member earns a referral fee for each hour their referrals surf the Internet and chat.
Members also earn a fee when their referral base shops.
The referral system extends for three levels, with no limit on the total number of referrals possible. Founded in 1996, the company is privately owned and headquartered at 1601 East Lincoln Avenue, in Orange, California. The statements, other than the statements of historical facts, contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the Company's products and services, the availability to the Company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from operations and the ability of the Company to manage its operations.