Contact Information: Contact: Lewis Kahn KGS 1-866-467-1400, ext. 100 email: lewis.kahn@kgscounsel.com
Investor Alert -- KGS Announces Only 1 Day Left for Investors to Gain Lead Plaintiff Status in Securities Fraud Class Action Against Whitney Information Network -- (OTC Bulletin Board - RUSS)
| Source: Kahn Gauthier Swick, LLC
NEW ORLEANS, LA -- (MARKET WIRE) -- February 26, 2007 -- Kahn Gauthier Swick, LLC ("KGS") announces
that shareholders of Whitney Information Network ("Whitney" or the
"Company") (OTCBB : RUSS ) who purchased between November 18, 2003 and
December 15, 2006 (the "Class Period"), have only 1 day left to move for
appointment as lead plaintiff in a securities fraud class action lawsuit
currently pending in the United States District Court for the Middle
District of Florida. No class has yet been certified in this action.
SHAREHOLDERS WHO WISH TO SERVE AS A LEAD PLAINTIFF MUST ACT BY FEBRUARY 27,
2007.
If you purchased shares of Whitney between November 18, 2003 and December
15, 2006, you are urged to contact Lewis Kahn, Managing Partner, KGS, toll
free 1-866-467-1400, ext. 100, via cell phone at 504-301-7900, or by email
at lewis.kahn@kgscounsel.com to learn about your legal rights and how this
action may benefit you. For further information on KGS, please visit
www.kgscounsel.com.
SPECIAL NOTICE: Multiple law firms often file the same class action.
However, courts will generally appoint only one of these firms to prosecute
a securities fraud action on behalf of the shareholders based upon the
amount of losses its "lead plaintiffs" have suffered. Accordingly, while
KGS urges you to sign up with the firm, KGS also encourages you to
carefully evaluate any other firm that may be competing with KGS to
prosecute the Whitney class action, should you be considering another firm.
Critical components of a law firm's ability to successfully prosecute this
action and obtain a strong recovery for you include the resources it will
dedicate to prosecution of the case, including the number of lawyers the
firm has available for the Whitney action, AND the quality of the firm's
work. Interested shareholders are encouraged to call for consultation and
to request more information about KGS.