CAPE CORAL, Fla--(BUSINESS WIRE)--Oct. 14, 2003--Whitney Information Network, Inc. (OTCBB:RUSS), a leading 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, reported on the progress of its management agreement with Success Development, Inc. (SDI) of Jacksonville, FL. Since June of this year, Whitney has been managing and fulfilling SDI's entire post-secondary real estate training business.

"This has been a great opportunity to grow this business," said Russ Whitney, CEO for Whitney Information Network, Inc. "We've already exceeded expectations, with more than 50,000 students registering for classes since we started the management takeover. Of the $3.3 million in sales generated in the first two months since we've assumed management, we will realize almost 10 per cent in pretax profits on these initial sales," Whitney continued. "In fiscal 2004, we expect to see more than 14,000 students per month register for these classes, and revenue to climb to approximately $15 million for this division," he said.

As part of the agreement, Whitney acquired SDI's database of more than 200,000 active students, continued SDI's operations using the SDI brand, and operates the SDI web site. In November, Whitney will have the option to purchase the assets of the company that are associated with the real estate training at a predetermined price.

Whitney Information Network, Inc. is a fully integrated training and education company that creates, produces and markets a wide variety of training programs designed to educate students in the areas of real estate investing, business development, asset protection and financial management. The Company was recently listed at #148 in Florida Trends magazine's annual listing of Florida's Top 250 Public Companies. 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 http://www.russwhitney.com and its shares trade under the ticker symbol RUSS on the Electronic Bulletin Board.

SDI provides real estate investment education through intensive live training events, detailed home-study courses and student support. Founded in 1992, SDI has helped thousands learn the secrets of 'quick-turning' real estate investments for maximum profit with minimal risk. By providing step-by-step instructions and continual support, SDI provides students with the tools necessary to become successful real estate investors.

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 uncertainties, 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.

CONTACT: Whitney Information Network, Inc., Cape Coral Ron Simon, 239/542-3401

SOURCE: Whitney Information Network, Inc.