Whitney Information Network, Inc. Names Former Kraft Foods Executive Nicholas Maturo to President, Charles Miller to CFO.

Business Editors

CAPE CORAL, Fla.--(BUSINESS WIRE)--June 10, 2004

Increased Enrollment and Continued Revenue Growth Spurs

Evolution of Senior Management Team

Whitney Information Network, Inc. (OTCBB:RUSS), a leading provider of post-secondary career training programs, today announced the promotions of Kraft Foods International veteran Nicholas Maturo to president and Charles Miller to chief financial officer.

"Whitney Information Network has experienced impressive growth over the past several quarters, both as a provider of post-secondary career training and as a publicly-held company, and we are actively strengthening our executive management team to best enable the company to fully leverage future opportunities," said Russ Whitney, CEO of Whitney Information Network. "The depth of knowledge and international business acumen that Nick Maturo brings to the company, coupled with his vast experience in managing complex, growth-oriented organizations, will serve us well as we continue to look for opportunities to extend our brand and offerings throughout the world.

"Charles Miller being named chief financial officer is another indication of our focus on long-term strategic growth. Ched's background in capital management and real estate will be critical tools the company will leverage as it moves forward with its plans for growth and expansion both here in the U.S. and internationally."

Maturo (56) joined Whitney in September 2002 as vice president of strategic planning and development and was promoted to chief operating officer in early 2003. He brings more than 30 years of business and management experience to his new position at Whitney Information Network, including more than 15 years in international markets. Maturo spent nearly 20 years with the Kraft organization, including two years as chief information officer for Kraft Foods International (KFI) where he led an 840-person corporate systems organization with an operating budget of $172 million and integrated strategies and technologies across multi-country entities. He also served as a member of the Philip Morris CIO Committee and KFI Finance Operations Committee.

Other positions that Maturo held within Kraft include vice president of information systems at Kraft Jacobs Suchard, the European operating unit of KFI; director of procurement, logistics and customer service at Kraft Canada, Inc.; director of finance at Kraft Europe SA; and assistant controller at Kraft Canada Limited.

Immediately prior to joining Whitney, Maturo served as chief operating officer at Foodtrader, Inc. where he managed the company's business development and mergers and acquisition activities.

Maturo will remain Whitney Information Network's chief operating officer.

Ched Miller (54) joined Whitney in early 2002 as finance vice president. As CFO of First Home Builders of Florida, Miller managed lender relations, capital management and all accounting functions. Previously he was principal in Miller, Helms and Folk, PA, a CPA firm focused on the construction and medical industries, and was co-founder of Pension Consultants, Inc., a Fort Myers, FL pension-consulting firm. Miller has also served as a tax supervisor with Coopers and Lybrand in Fort Myers, which specializes in construction industry taxation and Florida sales tax on services, and he is a 15-year member of the Florida Institute of CPAs.

Whitney Information Network's former CFO, Ron Simon, who has been with the company for more than six years, remains secretary and executive vice president.

About Whitney Information Network, Inc.

Whitney Information Network, Inc. is a provider of post-secondary education programs in the areas of real estate investing, stock trading, business development, asset protection and financial management. The Company is a key player in the $70 billion for-profit education market in the United States, and also operates in Canada, Europe, the United Kingdom and South America. For more information, go to http://www.russwhitney.com.