New Horizons Computer Learning Centers Named World's Largest Information Technology Training Provider

Business Wire, June 26, 2002

Business Editors & High-Tech Writers

Largest "Independent" Surpasses IBM to Earn Unqualified Leadership

According to IDC

New Horizons Computer Learning Centers, a subsidiary of New Horizons Worldwide Inc. (Nasdaq:NEWH), surpassed IBM Global Services in 2001 training revenues to become the world's largest IT training provider, according to leading industry analyst firm IDC.

After many years of leading the sector, IBM dropped to the number two position, with number-one ranked New Horizons reporting system-wide revenues of $512 million in 2001 compared with $490 million for IBM. System-wide revenues include revenues for all training centers, both company-owned and franchised.

Although a 20-year-old company, New Horizons' journey to the top began in earnest in 1996 when it became the largest "independent" IT training company, as distinguished from hardware and software manufacturers who primarily delivered training specific to their product offerings. In 2000, the company surpassed Oracle University to take the second overall ranking.

"New Horizons' prospects are strong," said Cushing Anderson, program manager of IDC's Learning Services Research. "It maintains a deep library of content, is integrating e-learning at an appropriate pace for its clients and has begun to offer a mix of management services that support its largest clients' training efforts."

IDC revised its growth forecast downward for 2002 worldwide revenues to 9 percent versus 13 percent predicted in last year's report. While the new study foresees a slowdown in growth of corporate spending on IT training in 2002, the research firm stands by its expectations for a mid-year upturn.

New Horizons introduced its Integrated Learning initiative in 2001, which incorporates multiple methods of training, from classroom to e-learning, and is supported by a wide range of products and services that reinforce, support and validate the student's learning process.

"We expect to see a measurable impact on training effectiveness and return on investment for our customers as Integrated Learning takes hold in 2002," said Tom Bresnan, New Horizons president and CEO.

"Our strategy is to enhance the learning process by offering customized training solutions that are based on the unique learning requirements of each individual. Integrated Learning adds a significant competitive advantage that will help us continue to gain market share."

New Horizons is positioned as the largest IT training provider in an industry that is comprised of a wide spectrum of companies that offer a variety of training solutions. The industry includes players from the very large and established such as IBM, Sun Microsystems and Oracle to relatively new companies such as SmartForce and Global Knowledge.

This diverse group of companies offers various training solutions that include e-learning and classroom-only to integrated solutions that combine the best of e-learning with instructor-led training, as is the case with New Horizons.

"Our network of company-owned and franchised training organizations can all take considerable pride in the fact that we are now the largest IT training company in the world," added Bresnan.

"Our standing on this prestigious list of training companies can be attributed to a solid business plan, consistent and steady growth and our passion to keep pace with shifting customer demand through our Integrated Learning strategy. I'm very proud of the team of people that we've built at New Horizons and look forward to another exciting year."

About New Horizons

New Horizons Computer Learning Centers is the industry's leading IT training company and a subsidiary of New Horizons Worldwide. Through its Integrated Learning offering, New Horizons provides customer-focused computer training choices with a wide variety of tools and resources that reinforce the learning experience.

Named the world's largest IT training company by IDC in 2002, New Horizons delivers approximately 3 million student-training days per year. With more than 280 centers in 47 countries, New Horizons features more than 2,000 classrooms, 2,400 instructors and 2,000 account executives (salespeople). For more information, visit www.newhorizons.com.

Except for historical information contained herein, the matters discussed in this news release are forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in such forward-looking statements. Such risks and uncertainties include, without limitation, the company's dependence on the timely development, introduction and customer acceptance of courses and new products, the impact of competition and downward pricing pressures, the effect of changing economic conditions, risks in technology development and the other risks and uncertainties detailed from time to time in the company's filings with the Securities and Exchange Commission.