Whitney Information Network Hirings Benefit Lee County Employment Rate

Southwest Florida Public Company Boosts Local Economy 


CAPE CORAL, Fla., Sept. 5  /PRNewswire-FirstCall/ -- Whitney Information Network, Inc. (OTC:RUSS) (BULLETIN BOARD: RUSS) , an international leader in the postsecondary education industry focused on educating individual investors in real estate and financial markets, reported the hiring of 98 new employees in the last year worldwide. This recent upsurge in hiring comes in response to an increase in the company's student attendance and record earnings for its first quarter of 2006. Whitney Information Network grossed $45.3 million, 17.9 percent over the restated prior year amount of $38.4 million.  Q1 2006 highlights include:

  * Paid student attendance increased 18.7% over the same period in 2005
  * Cash received from course and product sales totaled $57.3 million, a
    20.7% increase vs. Q1 2005
  * Cash flows provided by operations amounted to $8.7 million, vs. $6.7
    million, a 30.2% increase over the same period in 2005



As one of the largest public companies in Southwest Florida, Whitney Information Network currently employs 240 people worldwide, with 253 in the Lee County area.  Additionally, the Company continues to attract top-level talent, from companies such as PepsiCo, Inc., Radisson Seven Seas Cruises and MIVA, Inc. Additional managers also recently relocated to Southwest Florida to work with the growing company and the Whitney Information Network is seeking to fill many more positions, at all levels.

Along with usual benefits that a full time job provides, Whitney Information Network employees also have access to free investment training. Many have taken advantage of this and contributed to the local economy secondarily with their investments.

"As one of the top employers in the region, we strive to create a work environment that is appealing to locals while also attracting those outside the region," said Russ Whitney, Founder , Chairman and Chief Executive Officer.  "Providing employment opportunities here in Southwest Florida boosts the regional job market as well as the economy.  We are looking forward to continue growing our company as well as the number of workers we employ and addressing the need in the South Florida area for prominent companies to give back to our community."

About Whitney Information Network, Inc.

Whitney Information Network, Inc. (OTC:RUSS) (BULLETIN BOARD: RUSS)  is a provider of postsecondary education focused on individual wealth creation and personal success. Whitney Information Network, Inc. provides students with comprehensive instruction and mentorship in real estate investment, stock trading, business development and individual investment strategies in the United States, United Kingdom, Canada and Costa Rica. Additional information can be found at http://www.wincorporate.com/. 

DATASOURCE: Whitney Information Network, Inc.



CONTACT:  Michael Lyubinsky, MWW Group, [phone],

 



Web site:  http://www.wincorporate.com/ 

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