Kingstown Capital Files Definitive Proxy Materials to Elect Two Shareholder Nominees to Whitney Information Network's Board of D

With Annual Meeting Less Than a Week Away, Time Is of the Essence for Shareholders to Vote FOR Kingstown's Nominees on the GOLD Proxy Card


NEW YORK, Aug. 26  /PRNewswire/ -- Kingstown Capital Partners announced that it has filed with the Securities and Exchange Commission definitive proxy materials in connection with the election of two highly qualified shareholder candidates to the Board of Directors of Whitney Information Network, Inc. (the "Company") (OTC:RUSS) (BULLETIN BOARD: RUSS)  at the Company's 2009 Annual Meeting. The meeting is scheduled to be held on Wednesday, September 2, 2009, at 10:30 am (local time) at the Hampton Inn & Suites Cape Coral, FL.  Kingstown's nominees, Jason Hammerman and J. Hunter Brown, are both shareholders of the Company whose interests are directly aligned with all other shareholders.

As a significant shareholder of the Company, with an aggregate ownership of approximately 11.5% of the outstanding shares, the Kingstown Group believes the addition of its shareholder nominees to the Board will provide the Board with the appropriate mix of directors necessary to address the issues facing the Company. The Kingstown Group also believes the election of its shareholder nominees will address the most pressing issue facing the Company: a Board that collectively lacks a vested interest in the financial performance of the Company.  Kingstown seeks to pursue ALL options to create value for ALL shareholders.

VOTING INFORMATION:

The election is less than a week away!  While shareholders can vote up until the Annual Meeting next Wednesday, September 2nd, Kingstown urges shareholders to vote the GOLD proxy card today to ensure that their vote is counted.  Any shareholders seeking more information or that have any questions or need voting assistance are urged to call Kingstown's proxy solicitor, Okapi Partners, toll free at [phone].  Finally, Michael Blitzer of Kingstown Partners welcomes all calls to discuss the Company and the Annual Meeting.  He is available at [phone].

Do not vote management's white proxy form.  Even if you have already sent in the white proxy, it is not too late to change your vote.  Time is running short, and every vote counts.

For additional information, shareholders can access Kingstown's proxy statement at the SEC's website at http://www.sec.gov/.

  CONTACT INFORMATION:
  Michael Blitzer
  Kingstown Partners
  Phone: [phone]

  Steven Balet
  Okapi Partners
  Phone: [phone]


DATASOURCE: Kingstown Capital Partners



CONTACT:  Michael Blitzer, Kingstown Partners, [phone]; Steven

Balet, Okapi Partners, [phone]

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