CAPE CORAL, Fla.--(BUSINESS WIRE)--Feb. 14, 2003--Whitney Information Network, Inc. (OTCBB:RUSS) announced today that on February 12, 2003 it had filed a Registration Statement on Form S-1 with the Securities and Exchange Commission covering its sale of one million units of its securities, each unit consisting of one share of common stock and one common stock purchase warrant. The anticipated price range of the units, which are to be offered through Newbridge Securities Corporation, is currently anticipated to be between $5 to $6 per unit. Offering proceeds will be used to expand the Company's international markets, to develop new marketing programs, to develop or acquire proprietary schools and for working capital. The offering is expected to be completed in April 2003.

The Company intends to submit an application to have its common stock approved for listing on the Nasdaq SmallCAP market.

The information contained herein does not constitute an offer to sell or a solicitation of an offer to purchase the units. The offering will be made solely through the prospectus and only in those states in which the securities may be lawfully offered.

When available, a copy of the preliminary prospectus relating to this offering may be obtained from Newbridge Securities Corp. at www.DougAgui@NewbridgeSecurities.com or phone (954)-334-3450.

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