Franchise News Release: Santa Ana, CA - (Jul-27-2001)


New Horizons Worldwide Added to Russell 2000, Russell 3000 Indexes


New Horizons Worldwide, Inc. (Nasdaq: NEWH), which both owns and Franchises New Horizons Computer Learning Centers, announced that it has been added to the Russell 2000 and 3000 indexes of publicly traded companies, effective July 1.

Each year, the Frank Russell Company adjusts its indexes by ranking the 3,000 largest stocks in the U.S. equity market by capitalization as of May 31. The Russell 2000 measures the performance of the 2,000 smallest companies in the Russell 3000 index. Membership in Russell indexes, which are used as benchmarks for both passive and active investment strategies, is determined by market capitalization rankings.

Thomas J. Bresnan, president and CEO, commented, "We are pleased with our introduction into the Russell indexes. Our proven business model, coupled with our growing revenue and profitability, continues to contribute to the company's solid fundamentals. Our listing in the prestigious Russell indexes will provide New Horizons with more exposure to potential investors who rely on these indexes for their investment strategies."

New Horizons expects to release its second-quarter 2001 results after the Nasdaq market closes at 4 p.m. EDT on Wednesday, July 25. The company has scheduled an investor conference call for 5 p.m. EDT on the same day. There will be a live Webcast of the conference call over the investor relations page of the New Horizons Web site at www.newhorizons.com and on www.streetevents.com.

For those who cannot listen to the live broadcast, an audio replay of the call will be available on the above Web sites for 30 days. A telephone replay of the call will also be available from 7 p.m. EDT on July 25 until 7 p.m. EDT on August 1. To listen to the telephone replay, dial 800/633-8284 (858/812-6440 outside the U.S.) and enter reservation number 19325328.

New Horizons Computer Learning Centers, Inc. is the world's largest independent IT training company and a subsidiary of New Horizons Worldwide, Inc. New Horizons provides customer-focused computer training choices by delivering approximately three million student training days per year. With more than 290 centers in 47 countries, New Horizons features over 2,000 classrooms, 2,700 instructors and 2,200 account executives (salespeople).




 

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