Company Contact: Investor Relations Contacts: Robert S. McMillan John G.
Nesbett/David K. Waldman Chief Financial Officer Lippert Heilshorn & Associates
New Horizons Worldwide, Inc. (212) 838-3777 (714) 940-8001 dwaldman@lhai.com

NEW HORIZONS ANNOUNCES TOP-LINE GROWTH
AND PROFITABLE FIRST QUARTER

ANAHEIM, Calif. - May 20, 2003 - New Horizons Worldwide, Inc. (Nasdaq: NEWH),
today announced financial results for the first quarter ended March 31, 2003.

Revenue for the first quarter increased 3.7% to $35.8 million, up from $34.5
million in the first quarter of 2002. Revenue from the company-owned training
centers increased 5.3% to $26.2 million, up from $24.9 million in the first
quarter of fiscal 2002. Franchising revenues were $9.6 million, the same as the
year ago period. Net income for the first quarter increased to $166,000, or
$0.02 per diluted shared, compared to $74,000 or $0.01 per diluted share in the
first quarter of fiscal 2002.

“We are pleased to report a profitable first quarter,” said Thomas J. Bresnan,
president and chief executive officer. “Importantly, we achieved top-line
growth, coupled with gross margin improvement, despite a continuing weak market
for IT training. Over the last five quarters, we have seen our bookings
stabilize, then grow slightly but steadily. This has resulted in the best
revenue quarter we have had since the third quarter of 2001. Moreover, we
improved our gross margin by 100 basis points, generated strong operating cash
flows of $3.8 million and reduced our debt by $4.3 million. We will continue to
focus on growing revenue, improving profitability and strengthening our balance
sheet.”

Mr. Bresnan continued, “During the quarter, we signed a number of important new
customers in our enterprise segment, such as Northrop Grumman, LexisNexis, and
First American Title. We also achieved record sales in our consumer segment. Our
eLearning business, driven by a 40% increase in Online ANYTIME self-paced,
Web-based training solutions, is now contributing meaningfully to our business.
Overall, our Integrated Learning strategy has provided the utmost flexibility to
our customers, helped to diversify our revenue stream, and contributed to the
resilience of our business model.”

The company has scheduled an investor conference call for 5 p.m. (EDT) today.
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 through May 28. To listen to the telephone replay,
dial 800-642-1687 (706-645-9291 outside the U.S.) and enter conference ID
809763.

About New Horizons

New Horizons Computer Learning Centers was named the world’s largest IT training
company by IDC in 2002. New Horizons is a subsidiary of New Horizons Worldwide,
Inc. (Nasdaq: NEWH). Through its Integrated Learning offering, New Horizons
provides customer-focused computer training choices with a wide variety of tools
and resources that reinforce the learning experience. With more than 270 centers
in 54 countries, New Horizons sets the pace for innovative training programs
that meet the changing needs of the industry. Featuring the largest sales force
in the IT training industry, New Horizons has over 1,700 account executives,
2,000 instructors and 1,900 classrooms. For more information, visit
www.newhorizons.com.

Except for historical information contained herein, the matters discussed in
this press release are forward-looking statements that are subject to certain
risks and uncertainties that could cause actual results to differ materially
from those set forth in such forward-looking statements. Such risks and
uncertainties include, without limitation, the company’s dependence on the
timely development, introduction and customer acceptance of courses and new
products, the impact of competition and downward pricing pressures, the effect
of changing economic conditions, risks in technology development and the other
risks and uncertainties detailed from time to time in the company’s filings with
the Securities and Exchange Commission.

# # #

NEW HORIZONS WORLDWIDE, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
March 31, 2003 and December 31, 2002
(Dollars in thousands, except per share data)

  March 31, December 31,   2003 2002  

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  (unaudited)    Assets      Current assets:          Cash and cash equivalents
$     3,887  $     5,085           Restricted cash 3,500  3,500          
Accounts receivable, net 18,393  19,627           Inventories 1,347  1,334      
    Prepaid expenses 9,697  8,886           Refundable income taxes 5,766 
5,459           Deferred tax assets 2,210  2,209           Other current assets
989  874 

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             Total current assets 45,789  46,974         Property, plant and
equipment, net 16,332  17,278   Goodwill 18,368  18,368   Cash surrender value
of life insurance 1,154  1,154   Deferred tax assets, net 23,061  23,061   Other
assets 2,617  2,472 

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 Total Assets $ 107,321  $ 109,307 

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 Liabilities and Stockholders' Equity  Current Liabilities:          Current
portion of long-term debt $     3,000  $     6,504           Accounts payable
4,613  5,072           Deferred revenue 22,188  21,855           Other current
liabilities 20,297  18,228 

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             Total current liabilities 50,098  51,659        Long-term debt,
excluding current portion 7,189  7,952  Deferred rent 2,072  1,952  Other
long-term liabilities 426  374 

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             Total liabilities 59,785  61,937        Stockholders' equity
47,536  47,370 

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Total Liabilities and Stockholders' Equity $ 107,321  $ 109,307 

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NEW HORIZONS WORLDWIDE, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Income (Unaudited)

Three months ended March 31, 2003 and 2002
(Dollars in thousands except per share data)

            Three months ended March 31,              2003            2002  

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 Revenues:         Franchising         Franchise fees     $                304 
    $                158          Royalties 4,245  4,791          Courseware
sales and other 5,030  4,659   

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        Total franchising revenues 9,579  9,608      Company-owned training
centers 26,248  24,933   

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         Total revenues 35,827  34,541         Cost of revenues 20,010  19,631 
 Selling, general and administrative expenses 15,374  14,404   

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 Operating income 443  506   Investment income 42  63   Interest expense (208)
(446)  

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 Income before taxes 277  123   Provision for income taxes 111  49   

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 Net income     $                166      $                  74   

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 Weighted average number of common and common     equivalent shares outstanding
- Basic 10,387,657  10,223,168         Weighted average number of common and
common     equivalent shares outstanding - Diluted 10,387,657  10,531,420       
Earnings Per Share - Basic     $           0.02          $           0.01       

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Earnings Per Share - Diluted     $           0.02          $           0.01     
 

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NEW HORIZONS WORLDWIDE, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows (Unaudited)

Three months ended March 31, 2003 and 2002
(Dollars in thousands)

Three months ended March 31, 2003 2002  

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Cash flows from operating activities                    Net income   $ 166   $
74          Adjustments to reconcile net income to net cash and cash  
       equivalents provided by operating activities:  
              Depreciation    1,744    1,945                 Gain on disposal  
 (14 )  --                 Cash provided (used) from the change in:  
                     Accounts receivable    1,233    2,503  
                     Inventories    (13 )  (159 )                      Prepaid
expenses and other assets    (1,071 )  (1,903 )                      Income
taxes    (306 )  (420 )                      Accounts payable    (459 )  (289 )
                     Deferred revenue    333    1,571  
                     Other liabilities    2,104    576  
                     Deferred rent    120    194    

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                              Net cash provided by operating activities    3,837
   4,092    

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Cash flows from investing activities                 Additions to property,
plant and equipment    (821 )  (1,113 )               Proceeds from sale of
property, plant and equipment    36    --    

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                              Net cash used in investing activities    (785 )
 (1,113 )  

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Cash flows from financing activities:                 Proceeds from exercise of
stock options    --    --                 Proceeds from issuance of debt  
 10,939    --                 Principal payments on debt obligations    (15,189
)  (5 )  

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                              Net cash (used in) provided by financing
activities    (4,250 )  233    

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Net (decrease) increase in cash and cash equivalents    (1,198 )  3,212        
Cash and cash equivalents at beginning of period    8,585    6,077    

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Cash and cash equivalents at end of period   $ 7,387   $ 9,289    

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Supplemental disclosure of cash flow information                 Cash paid
for:                        Interest   $ 236   $ 505    

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                     Income taxes   $ 159   $ 349    

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              Non-cash investing and financing activities:  
                     Income tax benefit from exercise of stock options  
                        and warrants   $ --   $ 82    

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