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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' 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' 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' 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' 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' Wealth Education Center of Jackson, MS., Inc. (WY corporation) Since 6/8/99 Jackson, MS Closed in 2001 Russ Whitney' 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' 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' 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 https://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' 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' friend and partner in Schenectady, NY then moved to FL with him in the early 1980'. 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' affiliation with the company in question "¢ any litigation involving the organization relating to the period of Whitney' affiliation "¢ any public documents relating to the company during Whitney' affiliation "¢ any complaints (e.g., BBB, consumer agencies, Internet bulletin boards, etc.) about the company during Whitney' affiliation "¢ any bankruptcy of the company in question "¢ any credit problems of the company during Whitney' affiliation "¢ nature of Whitney' 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' 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 | Main Reed on Whitney page | Whitney claims vs. Reed research | Status of Whitney vs. Reed lawsuit | Whitney hit and run | Whitney assets | Have information on Whitney? | Review of Building Wealth | Whitney affiliations | Whitney publications | Unauthorized biography of Whitney | Suing Whitney | Whitney and income taxes 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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