CAPE CORAL, Fla., May 22, 2006 (BUSINESS WIRE) -- Whitney Information Network, Inc.:

-- Kaufman Bros., L.P. and Noble International Investments Named Co-Lead Underwriters

-- Filing Shows Increase in Size and Price of Public Offering

Whitney Information Network, Inc. (OTCBB:RUSS) announced today that its wholly-owned subsidiary, EduTrades, Inc., has filed an amended registration statement with the Securities and Exchange Commission raising the initial public offering to 3,000,000 shares of EduTrades common stock at a proposed offering price between $9.00 to $11.00 per share. The shares will be offered on a firm commitment basis through Kaufman Bros., L.P. and Noble International Investments, Inc., a subsidiary of Noble Financial.

Subsequent to the offering, Whitney will own 7,600,000 shares of EduTrades common stock, or 71.7% of the total shares of EduTrades outstanding. Proceeds from the initial public offering are expected to be used by EduTrades for development and expansion of its products and brands, upgrading its technological platforms and working capital.

The announcement is not an offer to sell or the solicitation of an offer to buy EduTrades securities. Any such offer or solicitation will only be made by a prospectus and only in such states wherein the offering would be lawful.

About EduTrades, Inc.

Since 2002, we have provided for-profit postsecondary educational and training courses for students throughout the United States interested in learning about investing in the stock market and in other financial instruments. Approximately 442,000 students have registered for one of our financial markets education programs to attend a free introductory workshop since 2002. During this period, 211,000 students have attended one of our free introductory workshops and approximately 70,000 students have enrolled in one of our paid courses. We currently offer free introductory workshops, three-day educational courses and eight advanced courses covering a broad array of financial investments including stock market investing, stock trading and stock futures strategies, options trading and asset protection strategies.

About Kaufman Bros., L.P.

Kaufman Bros., L.P. was founded in 1995 on a desire to provide the investment community with a solution to the growing need for specialization within the banking industry. Kaufman Bros. integrates financial, technical, operational, international, and legal expertise to establish a well-versed knowledge base for providing comprehensive analysis of industry trends to a clientele of institutional investors and emerging communications, media, technology, defense and healthcare companies.

About Noble International Investments, Inc.

Noble International Investments, Inc., a subsidiary of Noble Financial, was founded in 1984 as a full service financial services firm. Headquartered in South Florida, Noble has an affiliate office in The Netherlands. Noble specializes in research, investment banking and through its subsidiary Noble Capital Management, Inc., an SEC registered investment advisor, wealth management. Please visit the website: http://www.noblefinancialgroup.com for further information.

About Whitney Information Network, Inc.

Whitney Information Network, Inc. (OTCBB: RUSS) is a provider of postsecondary education focused on individual wealth creation and personal success. Whitney Information Network, Inc. provides students with comprehensive education and mentorship in real estate and financial markets education and investment strategies in the United States, United Kingdom, Canada and Costa Rica.

Information in this press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements deal with our current plans, intentions, beliefs, expectations, and statements of future economic performance. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," or "predicts" or the negative of such terms. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Forward-looking statements involve known and unknown risks and uncertainties which may cause our actual results in future periods to differ materially from what is currently anticipated. No forward-looking statement is a guarantee of future performance, and you should not place undue reliance on any forward-looking statement. We undertake no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. Industry data and other statistical information used are based on independent publications, government publications, reports by market research firms or other published independent sources. Some data are based on our good faith estimates, derived from our review of internal surveys and the independent sources just listed. Although we believe these sources to be reliable, we have not independently verified the information.

SOURCE: Whitney Information Network, Inc.

Whitney Information Network, Inc. 
Alfred R. Novas, 239-540-6522
or
Wolfe Axelrod Weinberger Assoc. LLC
Stephen D. Axelrod, CFA
or Alisa Steinberg (media)
212-370-4500  
Fax: 212-370-4505