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Companies that Russ Whitney is or may have been affiliated with by John T. Reed 2

COLUMNS: COMPANY --- WHEN --- WHERE --- AFFILIATION
Company
When
Where
Affiliation
Precision Software Services, inc.
Since 8/93
Unknown
“Controlled by Russ Whitney” according to SEC filings by Whitney Information Network, Inc.
Russ Whitney’s Wealth Intelligence Network, Inc.
Formerly Real Estate Link (FL corporation)
Since 2/99
Since 5/26/96
230 Crown Oak Centre Drive
Longwood, FL 32750
President and member of the board
subsidiary of Whitney Information Network, Inc.
International Administrative Services, Inc.
1999-current
Unknown
Unknown
Younger’s Life Insurance Clearinghouse
1999-current
800-897-2671
Unknown
Empire Financial Group
1999-current
800-569-3337
Unknown
Real Estate Hotline
1999-current
800-741-7877
Unknown
UGetPaid.com
1999-current
800-469-5046
Unknown
Listmart
1999-current
800-471-5478
Unknown
NIA’s Property/Casualty Insurance Clearinghouse
1999-current
800-966-2155
Unknown
BarterNews
1999-current
714-831-0607
Unknown
Spencer Edwards, Inc.

“a market maker in the company stock”
1612 East Cape Coral Parkway Land Trust
Since 2000
1612 East Cape Coral Parkway, Cape Coral, FL
Simon is trustee and Whitney Information Network, Inc. is the beneficiary
Microfinancial Corp.(NYSE MFI) and its subsidiary LeaseComm Corp.
Peter R. Bleyleben is the CEO of Microfinancial. LeaseComm is their main activity. Bleyleben is a Harvard Business School section mate of my wife. A section is about 85 students who got to school all day every day in the same room for the first year.
Around 2000
10825 Financial Centre Parkway, Suite 100,
Little Rock, AR 72211 and
950 Winter Street,
Waltham, MA 02451 and
Newark, CA and
Woburn, Ma
Bleyleben says Whitney was never one of their dealers, but he figures Whitney probably worked with a LeaseComm dealer. According to various Internet complaints and court documents, Whitney urged attendees at business opportunity seminars to sign leases with LeaseComm. There are numerous class action suits against LeaseComm as well as several state attorney general investigations of them and their parent company, Microfinancial. Bleyleben says his firm no longer accepts leases generated at seminars.
CPI, Inc.

4818 Coronado Parkway, #19, Cape Coral, FL 33904
239-542-4660

Whitney Information Network, Inc.
incorporated in CO
Predecessor corporations:
• Gimmel Enterprises, Inc. incorporated 2/23/96 as a shell in search of a business
• changed name to WIN Systems, Inc. 8/10/98
• changed name to Whitney Information Network, Inc. on 2/11/99
4/23/01
4818 Coronado Parkway
Cape Coral, FL 33904
Officer/Director CD
Bird Dog Program
Current
4818 Coronado Parkway
Cape Coral, FL 33904
Majority owner and corporate employee
Russ Whitney’s Wealth Education Centers, Inc. (WY corporation)
Since 6/8/99
Jackson, MS and Atlanta, GA
Unknown
SEC filings by Whitey Information Network, Inc. say there are storefronts with minimal upfront costs located in upscale shopping strip malls and are half funded by local “Joint Venture Partners”
Why would he need Joint Venture Partners if costs are minimal? Are offerings to Joint Venture Partners securities? If so, should they be registered with the state and/or SEC? If so, have they been registered?
In his 2001 Form 10-K/A, Whitney said he had abandoned the Education Centers.
Russ Whitney’s Wealth Education Center of Jackson, MS., Inc. (WY corporation)
Since 6/8/99
Jackson, MS
Closed in 2001
Russ Whitney’s Wealth Education Center of Atlanta, GA, Inc. (WY corporation)
Since 7/22/99
Atlanta, GA
Closed in 2001
Russ Whitney, Inc.
Unknown
Unknown
Unknown
WiNet
Unknown
Unknown
Unknown
Corporation Corp. formerly United States Fiduciary Corp. (telemarketing company)
Current but changed name to Nevada Processing Services, which is run out of a woman’s home in Oregon
Utah
Unknown
Nevada Processing Services
Current
???????
????, Oregon
Unknown
Global Resource Network, a.k.a. GRN
Unknown
Unknown
Unknown
American Success Stories
Unknown
Unknown
Unknown
Global Business Network
Unknown
Unknown
Unknown
Global Resource
Unknown
Unknown
Unknown
Net Profits Ultimate Cash Flow System
Unknown
Unknown
Unknown
Winning Edge
Unknown
Unknown
Unknown
MPAP
Unknown
Fort Myers area
Unknown
Cardservice International
Unknown
Unknown
Unknown
E-Commerce Exchange, LLC
around 2000
Irvine, CA
800-748-6318
Whitney’s SEC filings say they have an “oral agreement” with this company. A representative of this company was introduced to the audience at Whitney seminars. The rep then urged attendees to sign a Leasecomm lease for a credit card machine. Apparently they are still doing someting similar only without Leasecomm.
Internet Development, Inc.

Powersites Network, Inc.

Whitney U.K. Limited
Since 10/01
Chiswick, England
You can get info about this organization from http://www.companieshouse.gov.uk/info/
Rancho Monterey, S.A.
11/01
Panama
owned by Whitney Information Network, inc.
Home Based Business Marketing Group
Unknown
Unknown
Unknown
Home Based Business Association
Unknown
Unknown
Unknown
Discount Marketing Direct
Unknown
Unknown
Unknown
Capital Investment Systems
Unknown
Unknown
Unknown
American Investors Group
Unknown
Unknown
Unknown
“Manufacturing and construction companies”
Around 1994
Costa Rica
Owner
Trade Marketing, Inc.

Owned by a relative of Russ Whitney according to SEC filings
SDI a.k.a. Success Development, Inc.
6/6/03
Jacksonville, FL
Whitney Information Network, Inc. reportedly signed a management agreement with SDI. WIN also has a 6-month option to buy SDI real estate training assets. SDI was formerly associated with Florida guru Ron LeGrand.
Whitney Education Network, Inc.
7/24/03
Nevada

Teach Me To Trade, a.k.a. Teach Me Wall Street, a.k.a. Maverick Trading
Around 2003
1480 East 820 North
Orem, UT 84097
organization started by someone else and now owned and run by Whitney
Cash Flow Generator

9799 Old Saint Augustine Road, Jacksonville, FL 32257 (no longer there and 904-886-2985 is disconnected)
Current address appears to be:1612 Cape Coral Pkwy. E.
Cape Coral, FL 33904
Phone: (239) 542-0643
Fax: (239) 540-6562 This is Russ Whitney’s headquarters building
Apparently formerly part of the SDI operation (See above) Still has the same 800-number: 800-496-1847
Gulfstream Development Corporation

Fort Myers, FL area
Whitney owns 25% according to his 2004 Whitney Infomation Network, inc. annual report. Persons attending seminars in Cape Coral, FL apparently are urged to buy lots or houses from Gulstream. In 2004, 282 did according to the annual report. Dan Kelly is reportedly another owner. He is the guy who was Whitney’s friend and partner in Schenectady, NY then moved to FL with him in the early 1980’s.
SCO

Utah
Associated with uSight below
uSight

Utah
Apparently another company that pushes Leasecomm type stuff. One Internet posting says Whitney was associated with Bert Young of uSight.
I am seeking the following information about the above affiliations:
• location of the fictitious name statement required to be filed with the county
• names and contact information of employees and owners who knew Whitney
• correct address of the company in question
• dates of Whitney’s affiliation with the company in question
• any litigation involving the organization relating to the period of Whitney’s affiliation
• any public documents relating to the company during Whitney’s affiliation
• any complaints (e.g., BBB, consumer agencies, Internet bulletin boards, etc.) about the company during Whitney’s affiliation
• any bankruptcy of the company in question
• any credit problems of the company during Whitney’s affiliation
• nature of Whitney’s affiliation with the company
• documents required to be filed with the government with regard to non-profit organizations (National Association of Real Estate Investors)
• any other information you think might help me

Some may wonder what the meaning, if any, is of the large number of companies Whitney has been involved with. I suspect such a large number will be impressive to person not familiar with business. It should be noted that all of these are closely-held corporations, that is, they could be not much more than Whitney and another person. Only Whitney Information Network is a public company. It is almost entirely owned by Whitney. These are not public corporations whose stock is traded on major stock exchanges like Ford or GE.
I have written a number of articles on Whitney Information Network, Inc.
There are a number of possible explanations for so many different companies, company names, and subsidiaries:
• He wants to impress unsophisticated prospective customers with what a big conglomerate tycoon he is. Sophisticated persons would likely recognize that this is an excessive number of separate companies. You don’t need a new company name for every product or service. Indeed, in its SEC filings, Whitney Information Network, Inc. says that many of these companies offer the same products and services. Why have more than one name to offer the same thing?
• He is a flake.
• When one of his companies accumulates Better Business Bureau or other publicly available complaints, he changes the company name to avoid being hampered by the reputation of the old company.
• It’s an asset-protection scheme to make it harder for anyone to sue him successfully, or collect if they do, because they have done business with various small entities, each of which has to be sued separately and collected against separately.
• He is trying to capitalize on various business fads like real estate, the Internet, e-commerce,
Copyright 2003 by John T. Reed
Last updated 3/12/03
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John T. Reed, a.k.a. John Reed, Jack Reed, 342 Bryan Drive, Alamo, CA 94507, Voice: 925-820-7262, Fax: 925-820-1259, Email: johnreed@johntreed.com

CONSUMER WARNING NOTICE: I recently saw Russ Whitney on a late night TV infomercial and then attended one of his "free" seminars. Unfortunately I believed all of their LIES and FRAUDULENT CLAIMS and I paid thousands of dollars to go to his "training camps". Needless to say I was clearly ripped off, cheated and lied to by Russ Whitney and his employees (band of thieves). My mistake was not searching the Internet to find out more about Russ Whitney and his company's HORRIBLE reputation for fraud, deception and illegal activities. Had I searched online I would have found out about THOUSANDS of customers being cheated, HUNDREDS of investigations by the Attorney General into the fraud of Russ Whitney and his company's, and that Russ Whitney himself is a CONVICTED VIOLENT FELON and spent years in PRISON. I saved the cached pages from the major search engines of the John Reed lawsuit with Russell Whitney and the TRUTH and FACTS that Reed discovered during his investigation of Whitney. I am posting this information on real estate discussion boards so other people do NOT get cheated and ripped off like I did.