CAPE CORAL, FLA., March 12 /CNW/ - Whitney Information Network, Inc.
(OTCBB:RUSS) is moving its Utah-based operations offices to a new
state-of-the-art facility in Murray, Utah and nearly tripling its existing
space in anticipation of future growth. The move became necessary due to the
Company's strong growth in recent years and plans for continued expansion.
The Company has signed a six-year lease on 32,646 square feet of space at
5245 College Drive in Murray, along with renewal options and right of first
refusal options for additional space if needed. More than $700,000 has been
invested to complete a total renovation that includes new furnishings,
equipment, and technological enhancements. Nearly 200 employees currently
officed in Draper, Utah started moving at the end of February with the
remainder of the team completing the move last week. An open house and
ribbon-cutting celebration is scheduled for Wednesday, March 14.
The new facility will continue to house Whitney Information Network,
Inc.'s (WIN) telemarketing, confirmations, and student coaching operations,
along with its operations team for its financial markets education division.
WIN has been operating in Utah since 1998. "Our Utah team has played a
critical role in our overall growth and our new facility will give us room to
physically expand, increase the services we currently provide to our students
and add to our staff," said Russell A. Whitney, WIN's Founder, Chairman, and
Chief Executive Officer. Currently, WIN employs approximately 200 people in
Utah; when the new facility is fully staffed, that number could exceed 300.
On March 14, the festivities will begin with a ribbon-cutting ceremony at
3:45 p.m. followed by an open house from 4:00 to 6:00 p.m. Company executives
in attendance will include Russ Whitney; Ronald S. Simon, Co-President and
Chief Operating Officer; Alfred R. Novas, Co-President and Chief Financial
Officer; John F. Kane, Executive Vice President, Operations; and the Board of
Directors. Additional guests include the founder of the Rich Dad Family of
Companies, Robert T. Kioysaki, and representatives of the Salt Lake City
Chamber of Commerce.
Whitney Information Network, Inc. (OTCBB: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 and/or financial
markets education in the United States, United Kingdom, Canada, and Costa
Rica. Additional information can be found at www.wincorporate.com.
For further information:
For further information: Whitney Information Network, Inc. Alfred R.
Novas, 239-540-6522 Co-President and Chief Financial Officer