CAPE CORAL, FL – June 6, 2003 – Whitney Information Network, Inc. (OTCBB:RUSS) announced today that it has signed a management agreement with Success Development, Inc. (SDI) of Jacksonville, FL, in which Whitney will manage and fulfill SDI's post-secondary real estate training business. SDI provides real estate investment education through intensive live training events, detailed home-study courses and student support. Founded in 1992, Success Development, Inc. has taught thousands of students to learn real estate investment techniques.

As a part of the agreement, Whitney will acquire SDI's database of more than 200,000 active students, continue SDI's operations using the SDI brand, and operate the SDI web site. After six months with this arrangement, Whitney will have the option to purchase the assets of SDI that are associated with its real estate training, at a predetermined price. Whitney Information Network, Inc. is a provider of post-secondary career training programs designed to educate students in the areas of real estate investing, business development, asset protection and financial management. Whitney is a fully integrated training and education company that creates, produces and markets a wide variety of training programs. It maintains its international corporate headquarters in Cape Coral, Florida with its consulting group based in Salt Lake City, Utah. Its Canadian subsidiary, Whitney Canada, Inc., conducts its operations from Mississauga, Ontario and its United Kingdom subsidiary, Whitney UK, Ltd. is located in Chiswick, England. The Company is listed on the Internet at www.russwhitney.com and its shares trade under the ticker symbol RUSS on the Electronic Bulletin Board.

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 10K, 10Q and other periodic reports.

For More Information:
Ron Simon, CFO 239/542-3401