FOR IMMEDIATE RELEASE

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 PROFITABLE SECOND QUARTER

ANAHEIM, Calif. - July 30, 2003 - New Horizons Worldwide, Inc. (Nasdaq: NEWH),
today announced financial results for the second quarter ended June 30, 2003.

Revenue for the second quarter was $36.0 million, compared to $36.2 million in
the second quarter of 2002. Revenue from the company-owned training centers was
$26.0 million, up from $25.4 million in the second quarter of 2002. Franchising
revenues were $9.9 million, compared to $10.8 million last year. Net income for
the second quarter was $382,000, or $0.04 per diluted share, compared to
$372,000 or $0.04 per diluted share in the second quarter of 2002.

Revenue for six months was $71.8 million, up from $70.8 million in the same
period last year. Revenue from the company-owned training centers was $52.3
million, up from $50.4 million in the first six months of 2002. Franchising
revenues were $19.5 million, compared to $20.4 million last year. Net income for
the six months was $550,000, or $0.05 per diluted share, compared to a net loss
of $17.4 million or $1.66 per diluted share in the same period last year. Last
year’s results include a transitional goodwill impairment charge of $17.8
million, net of tax benefits of $9.2 million, resulting from a change in
accounting principle.

“We are pleased to report our second consecutive profitable quarter,” said
Thomas J. Bresnan, president and chief executive officer. “Although the downturn
in the IT industry continues to impact our top-line, we believe the business has
stabilized and we are generating stronger sales in our company-owned locations.
For the sixth consecutive quarter our bookings have exceeded delivered revenue
and our deferred revenue now stands at $23.7 million, up $1.5 million for the
quarter. Furthermore, we improved gross margin over 200 basis points from the
same period last year, and we have sustained profitability.”

Mr.     Bresnan continued, “We attribute the strength in our company-owned
locations to marketing and sales initiatives focused on the consumer segment. In
fact, our consumer business in the company owned locations increased over 100
percent compared to the same period last year and now represents approximately
30 percent of our overall business. These same marketing and sales initiatives
are in the process of being rolled out to the franchise locations. In addition,
our enterprise business remains strong. This quarter we signed substantial
contracts with the U.S. Navy and American Airlines” continued Mr. Bresnan.

(more)

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“During the quarter, we signed a new master franchise agreement for Taiwan. We
also continue to see a ramp-up in business skills sales, and we experienced a
substantial increase in demand for security training. Our eLearning business has
been an important growth driver for the company, as we closed our largest
eLearning deal to date with the City of Las Vegas that includes over 2,200
users.

Robert S. McMillan, chief financial officer, stated, “We generated strong
operating cash flow of $7.6 million, of which we used $1.1 million to further
pay down our debt. We now have $12.4 million on hand which exceeds our total
debt of $9.1 million and as a result, we are in a very strong position to grow
our business.”

System-wide revenues for the second quarter, which include revenues for all
training centers, both company-owned and franchised, totaled $102.0 million
versus $113.5 million in the prior year quarter. For the six months, system-wide
revenues were $203.1 million versus $223.2 million in 2002.

The company has scheduled an investor conference call for 5 p.m. eastern today,
Wednesday July 30, 2003. 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 August 6. To listen to the telephone replay,
dial 800-642-1687 (706-645-9291 outside the U.S.) and enter conference ID
1832483.

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 255 centers
in 53 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.

(tables follow)

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NEW HORIZONS WORLDWIDE, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income (Unaudited)
Three and six months ended June 30, 2003 and 2002
(Dollars in thousands except per share data)

  Three months ended June 30, Six months ended June 30,   2003 2002 2003 2002

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  Revenues                          Franchising            Franchise fees   $
412   $ 278   $ 715   $ 436            Royalties    4,527    4,987    8,773  
 9,778            Courseware sales and other    4,980    5,541    10,010  
 10,200  

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           Total franchising revenues    9,919    10,806    19,498    20,414  
     Company-owned training centers    26,039    25,419    52,288    50,352  

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            Total revenues    35,958    36,225    71,786    70,766            
Cost of revenues    19,647    20,566    39,657    40,197   Selling, general and
administrative expenses    15,564    14,585    30,937    28,989  

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  Operating income    747    1,074    1,192    1,580   Interest expense    136  
 494    344    940   Investment income    27    41    68    104  

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  Income before income taxes    638    621    916    744   Provision for income
taxes    256    249    366    298  

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  Income before cumulative effect of change      in accounting principle    382
   372    550    446   Cumulative effect of change in accounting principle,  
   net of tax of $9,200       --     --     --     (17,800 )

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  Net Income (loss)     $ 382   $ 372   $ 550   $ (17,354 )

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  Weighted average number of common and common        equivalent shares
outstanding - Basic       10,387,657     10,270,426     10,387,657    
10,246,928             Weighted average number of common and common    
   equivalent shares outstanding - Diluted       10,387,992     10,450,745    
10,387,829     10,461,933             Basic Earnings Per Share          Income
per share before cumulative effect of change in               accounting
principle     $ 0.04   $ 0.04   $ 0.05   $ 0.04       Cumulative per share
effect of change in          accounting principle, net of tax   $ --   $ --   $
--   $ (1.73 )

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      Net income (loss) per share   $ 0.04   $ 0.04   $ 0.05   $ (1.69 )

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  Diluted Earnings Per Share        Income per share before cumulative effect of
change in           accounting principle   $ 0.04   $ 0.04   $ 0.05   $ 0.04  
    Cumulative per share effect of change in          accounting principle, net
of tax     $ --   $ --   $ --   $ (1.70 )

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      Net income (loss) per share   $ 0.04   $ 0.04   $ 0.05   $ (1.66 )

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NEW HORIZONS WORLDWIDE, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
June 30, 2003 and December 31, 2002
(Dollars in thousands, except per share data)

June 30,       December 31,    2003       2002   

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  (unaudited)         Assets             Current assets:        Cash and cash
equivalents   $ 8,933   $ 5,085        Restricted cash    3,500    3,500  
     Accounts receivable, net    19,076    19,627        Inventories    1,312  
 1,334        Prepaid expenses    9,445    8,886        Refundable income
taxes    1,294    5,459        Deferred tax assets    2,209    2,209  
     Other current assets    974    874  

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            Total current assets    46,743    46,974         Property, plant and
equipment, net    16,075    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    2,682    2,472  

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  Total Assets   $ 108,083   $ 109,307  

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  Liabilities and Stockholders' Equity   Current liabilities:        Current
portion of long-term debt   $ 3,000   $ 6,504        Accounts payable    6,130  
 5,072        Deferred revenue    23,693    21,855        Other current
liabilities    18,586    18,228  

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            Total current liabilities    51,409    51,659         Long-term
debt, excluding current portion    6,139    7,952   Deferred rent    2,228  
 1,952   Other long-term liabilities    387    374  

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            Total liabilities    60,163    61,937  

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  Commitments and contingencies    --    --   Stockholders' equity:  
     Preferred stock, no par value, 2,000,000 shares           authorized, no
shares issued or outstanding    --    --        Common stock, $.01 par value,
20,000,000 shares authorized;           10,572,657 shares issued and outstanding
at June 30, 2003           and December 31, 2002, respectively    106    106  
     Additional paid-in capital    48,204    48,204        Retained earnings  
 908    358        Treasury stock at cost - 185,000 shares at June 30, 2003  
        and December 31, 2002    (1,298 )  (1,298 )

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            Total stockholders' equity     47,920    47,370  

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  Total Liabilities & Stockholders' Equity   $ 108,083   $ 109,307  

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NEW HORIZONS WORLDWIDE, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Cash Flows (Unaudited)
Six months ended June 30, 2003 and 2002
(Dollars in thousands)

Six months ended June 30, 2003   2002  

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  Cash flows from operating activities                    Net income (loss)   $
550   $ (17,354 ) Adjustments to reconcile net income to net cash and cash  
    equivalents provided by operating activities:          Cumulative effect of
change in accounting principle    --    27,000          Tax benefit of change in
accounting principle    --    (9,200 )        Depreciation and amortization  
 3,468    3,778          Gain on disposal    (8 )  --          Cash provided
(used) from the change in:             Accounts receivable    550    617  
          Inventories    22    83             Prepaid expenses and other
assets    (869 )  (2,456 )           Income taxes    4,165    (639 )
          Accounts payable    1,057    (436 )           Deferred revenue  
 1,838    4,399             Other liabilities    354    1,305  
          Deferred rent    277    192  

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                 Net cash provided by operating activities    11,404    7,289  

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  Cash flows from investing activities          Cash paid for acquisitions made
in prior periods    --    (442 )        Additions to property, plant and
equipment    (2,292 )  (1,606 )        Proceeds from sale of property, plant and
equipment    36    --  

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                 Net cash used by investing activities    (2,256 )  (2,048 )

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  Cash flows from financing activities            Proceeds from exercise of
stock options             694          Proceeds from issuance of debt    10,939
   --          Principal payments on debt obligations    (16,239 )  (257 )

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                 Net cash (used) provided by financing activities    (5,300 )
 437  

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  Net increase in cash and cash equivalents    3,848    5,678   Cash and cash
equivalents at beginning of period    8,585    6,077  

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  Cash and cash equivalents at end of period   $ 12,433   $ 11,755  

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  Supplemental disclosure of cash flow information          Cash paid for:  
          Interest   $ 284   $ 917  

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            Income taxes   $ 581   $ 588  

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