Whitney Information Network, Inc. Retains Wolfe Axelrod Weinberger Associates LLC as Its Investor Relations Counsel

Business Wire, Oct 31, 2005

CAPE CORAL, Fla. -- Whitney Information Network, Inc. (OTCBB: RUSS), an international provider of post secondary career education programs, today announced that it has retained Wolfe Axelrod Weinberger Associates as its investor relations counsel. Wolfe Axelrod will further communicate the company's strategic goals and business opportunities in order to increase investor awareness and thereby enhance shareholder value.

During the past year Whitney Information Network has successfully restructured its operations and the board and senior management believe it is the proper time to implement a proactive investor relations program to expand the company's investor base. Following an extensive search, senior management selected Wolfe Axelrod Weinberger Associates to assist the Company in its investor relations activities because of Wolfe Axelrod's effective and focused experience working with microcap companies and its broad network of investment contacts.

The entire Whitney team looks forward to working closely with Wolfe Axelrod Weinberger to accomplish the primary objective of increasing shareholder value.

About Whitney Information Network

Whitney Information Network, Inc. (OTCBB: RUSS) is a leading provider of post-secondary education focused on individual wealth creation and personal success. Through its wholly-owned subsidiary, Wealth Intelligence Academy, Whitney Information Network provides its students with comprehensive instruction and mentorship in real estate investment, stock trading, business development and individual investment strategies. Additional information can be found at http://www.russwhitney.com.

About Wolfe Axelrod Weinberger Associates LLC

Wolfe Axelrod Weinberger Associates LLC (WAW) has been representing publicly traded emerging growth companies to both Wall Street and Main Street for over 25 years. WAW designs and implements pro-active, creative and aggressive programs that enable our clients to lower their cost of capital and capture the attention they deserve from the investment community and the media.

Safe Harbor Statement

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 the Company's SEC filings, including the Company's Reports on Forms 10K, 10Q and other periodic reports.