Whitney Information Network Announces Passing of President, Richard W. Brevoort
Whitney Information Network Announces Passing of President, Richard W. Brevoort
For Immediate Release
For More Information:
Earnest Mathis, Inverness Investments 303/794-9450
Ron Simon, CFO 239/542-8999
Comprehensive Communications 480/540-8336
CAPE CORAL, Fla – September 13, 2002 – Whitney Information Network, Inc., a leading provider of postsecondary career training programs designed to educate students in the areas of real estate investing, business development, asset protection and financial management, today regretfully announced the passing of its President, Richard W. Brevoort, who succumbed on September 10, 2001 after a lengthy battle with cancer. Chairman and CEO Russ Whitney will be assuming the title of President in the interim. Mr. Brevoort also worked diligently with several company executives throughout the Whitney Information Network organization who will assume his responsibilities. Mr. Whitney stated, “I am saddened by the loss of our President, and my close friend. Richard and I had a highly productive working relationship for many years, and his passing will be felt throughout the organization. However, Richard diligently and methodically planned for this eventuality, and put measures in place to ensure the seamless transition of his responsibilities to competent executives. Business will continue as usual – the way Richard would have wanted it. We are all better people and more capable professionals for having known Richard Brevoort.” Mr. Whitney also commented, “Richard was an innovator in the true sense of the word and defined the meaning of the word ‘integrity'. His creative talent superceded that of veteran marketers. He was instrumental in the creation of new educational systems and believed in working towards the Company's common cause – providing the best mix of hands-on training and products for its students.” During his twelve years with the company, Mr. Brevoort helped lead Whitney Information Network's expansion into Canada, the United Kingdom and Central America. He played a significant role in the development of new products and marketing strategies for diverse ventures such as business development, stock trading and asset protection. He helped to establish its subsidiary, Whitney Education Group as a prominent vehicle for students seeking a postsecondary education for the accumulation of wealth-building skills. Mr. Brevoort brought decades of political, marketing and public relations experience to the Whitney Information Network. He previously served as President of the Hudson Agency, a marketing firm based in New York City and as New York Senate Chief of Staff for the Democratic Party. His extensive service to the State of New York also included positions as Deputy Finance Administrator, Commissioner of Tax Collection, Assistant Administrator of Economic Development, Deputy Commissioner of Commerce, Deputy Commissioner of Markets, and Director of Weights and Measures. Throughout his career, Mr. Brevoort was a dedicated leader and believed in the educational process. He served as a board member for the New York City Convention Center, a member of Underwriter's Laboratories, Inc., and served on the United States of America Standards Institute's Certification Committee. He was an Instructional Supervisor of the Trace Program at Bronx Community College and served on the Advisory Committee for the New York City Superintendent of Schools. He was listed in Who's Who in America and Who's Who in the World. Memorial donations may be made to the Cape Coral Youth Center, c/o Whitney Education Group, Inc., 1612 E Cape Coral Parkway, Cape Coral, Florida 33904, Attn: Ronald Simon. Information included in this news release contains forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995 ("Reform Act"). Such statements are based on current expectations and involve a number of known and unknown risks and uncertainties that could cause the actual results and performance of the Company to differ materially from any expected future results or performance, expressed or implied, by the forward-looking statements. In connection with the safe harbor provisions of the reform act, the Company has identified important factors that could cause actual results to differ materially from such expectations, including operating uncertainty, uncertainties relating to economic issues and competition. Reference is made to all of the Company's SEC filings, including the Company's Reports on Forms 10KSB, 10QSB and other periodic reports.
Earnest Mathis, Inverness Investments 303/794-9450
Ron Simon, CFO 239/542-8999
Comprehensive Communications 480/540-8336
CAPE CORAL, Fla – September 13, 2002 – Whitney Information Network, Inc., a leading provider of postsecondary career training programs designed to educate students in the areas of real estate investing, business development, asset protection and financial management, today regretfully announced the passing of its President, Richard W. Brevoort, who succumbed on September 10, 2001 after a lengthy battle with cancer. Chairman and CEO Russ Whitney will be assuming the title of President in the interim. Mr. Brevoort also worked diligently with several company executives throughout the Whitney Information Network organization who will assume his responsibilities. Mr. Whitney stated, “I am saddened by the loss of our President, and my close friend. Richard and I had a highly productive working relationship for many years, and his passing will be felt throughout the organization. However, Richard diligently and methodically planned for this eventuality, and put measures in place to ensure the seamless transition of his responsibilities to competent executives. Business will continue as usual – the way Richard would have wanted it. We are all better people and more capable professionals for having known Richard Brevoort.” Mr. Whitney also commented, “Richard was an innovator in the true sense of the word and defined the meaning of the word ‘integrity'. His creative talent superceded that of veteran marketers. He was instrumental in the creation of new educational systems and believed in working towards the Company's common cause – providing the best mix of hands-on training and products for its students.” During his twelve years with the company, Mr. Brevoort helped lead Whitney Information Network's expansion into Canada, the United Kingdom and Central America. He played a significant role in the development of new products and marketing strategies for diverse ventures such as business development, stock trading and asset protection. He helped to establish its subsidiary, Whitney Education Group as a prominent vehicle for students seeking a postsecondary education for the accumulation of wealth-building skills. Mr. Brevoort brought decades of political, marketing and public relations experience to the Whitney Information Network. He previously served as President of the Hudson Agency, a marketing firm based in New York City and as New York Senate Chief of Staff for the Democratic Party. His extensive service to the State of New York also included positions as Deputy Finance Administrator, Commissioner of Tax Collection, Assistant Administrator of Economic Development, Deputy Commissioner of Commerce, Deputy Commissioner of Markets, and Director of Weights and Measures. Throughout his career, Mr. Brevoort was a dedicated leader and believed in the educational process. He served as a board member for the New York City Convention Center, a member of Underwriter's Laboratories, Inc., and served on the United States of America Standards Institute's Certification Committee. He was an Instructional Supervisor of the Trace Program at Bronx Community College and served on the Advisory Committee for the New York City Superintendent of Schools. He was listed in Who's Who in America and Who's Who in the World. Memorial donations may be made to the Cape Coral Youth Center, c/o Whitney Education Group, Inc., 1612 E Cape Coral Parkway, Cape Coral, Florida 33904, Attn: Ronald Simon. Information included in this news release contains forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995 ("Reform Act"). Such statements are based on current expectations and involve a number of known and unknown risks and uncertainties that could cause the actual results and performance of the Company to differ materially from any expected future results or performance, expressed or implied, by the forward-looking statements. In connection with the safe harbor provisions of the reform act, the Company has identified important factors that could cause actual results to differ materially from such expectations, including operating uncertainty, uncertainties relating to economic issues and competition. Reference is made to all of the Company's SEC filings, including the Company's Reports on Forms 10KSB, 10QSB and other periodic reports.