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Whitney Information Network, Inc. announced resignation of one of its directors "On November' 19, 2004, Gonzolo DeRamon, one of the [Whitney Information Network'] Directors, resigned to pursue other interests. There were no disagreements with [Whitney Information Network'] in connection with the resignation." So says an 8-K filed with the Securities and Exchange Commission by the company. This is the second resignation of a top Whitney executive in the space of one month. And the resignations come when Whitney' stock price is falling and trading volume has tripled. If anyone has any additional information on what these events mean I would be interested in hearing it. Thanks, John T. Reed Copyright 2004 by John T. Reed John T. Reed, a.k.a. John Reed, Jack Reed, 342 Bryan Drive, Alamo, CA 94507, Voice: 925-820-7262, Fax: 925-820-1259, www.johntreed.com

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