Whitney Information Network, Inc. Appoints Two New Members to its Board of Directors

Business Wire, Feb 5, 2008

CAPE CORAL, Fla. -- Whitney Information Network, Inc. (Pink Sheets:RUSS) is pleased to announce the appointment of Mr. Steven C. Barre and Mr. Wallace Timmeny to serve on the Company's Board of Directors effective February 1, 2008.

Mr. Barre was the Senior Vice President, General Counsel and Secretary of Jacuzzi Brands, Inc. until February 2007, when the company was sold to Apollo Management LLC, a major private equity firm. Jacuzzi was a New York Stock Exchange company with revenues of $1.3 billion. A key member of the Jacuzzi Brands management team, Mr. Barre was the point man in executing the company's debt restructuring in 2001 and the resulting disposition program from 2002 to 2005. These successful restructuring and sale transactions refocused the operations and reduced debt, and laid the groundwork for the Apollo merger in 2006/2007. He had a major role in developing the turn-around strategy, which resulted in a five-fold increase in share price. Mr. Barre graduated from Cornell University in 1981 and Columbia Law School in 1984, and is a member of the bar of the State of New York. He lives in Juno Beach, Florida.

Mr. Timmeny is a 14-year veteran of the Securities and Exchange Commission, serving in various capacities including Deputy Director, Enforcement Division. He entered private practice in Washington, D.C. from 1979-2007, and was a partner at Dechert, LLP for the last six years. Mr. Timmeny retired in 2007 and currently serves on various boards, including Friedman, Billings & Ramsey Group, Inc. and Waste Services, Inc. The committee positions Mr. Timmeny has held include Audit Committee Chair, Compensation Committee Chair, Risk Committee Chair, and Governance Committee Chair. Mr. Timmeny has also served as an adjunct professor at Georgetown University School of Law, American University School of Law, and George Mason School of Law.

With the additions of Mr. Barre and Mr. Timmeny, the Board of Directors now has a majority of independent directors.

"We are proud to welcome Steven and Wallace to the Board," said John Kane, President of Whitney Information Network, Inc. "Their collective experience in corporate finance, securities compliance and disclosure, and corporate governance will be invaluable as the Company moves through a time of positive transition. We continue to focus on providing outstanding education to students and value to our stockholders, and we look forward to the contribution Steven and Wallace will make to our organization."

About Whitney Information Network, Inc.:

Whitney Information Network, Inc. (Pink Sheets: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 education and financial markets education in the United States, United Kingdom, Canada, Germany and Costa Rica. Additional information can be found at www.wincorporate.com.

Special Note Regarding Forward Looking Statements:

This document contains certain forward looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Forward-looking statements deal with our current plans, intentions, beliefs and expectations and statements of future economic performance, and include statements regarding the outcomes and effects of pending regulatory and other investigations. Forward-looking statements involve known and unknown risks and uncertainties which may cause our actual results in future periods to differ materially from what is currently anticipated. No forward-looking statement is a guarantee of future performance, and investors should not place undue reliance on any forward-looking statement. The Company undertakes no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. Investors are urged to read the risk factors disclosed in the Company's public filings with the Securities and Exchange Commission.