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FOR IMMEDIATE RELEASE

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

NEW HORIZONS REPORTS SECOND QUARTER RESULTS

ANAHEIM, Calif. – July 28, 2004 – New Horizons Worldwide, Inc. (Nasdaq: NEWH),
today announced financial results for the second quarter ended June 30, 2004.
Revenue for the quarter was $33.1 million, compared to $36.0 million in the
second quarter of 2003. Revenue from the company-owned training centers was
$23.5 million for the quarter, compared to $26.0 million for the same period
last year. Franchising revenues were $9.6 million, compared to $9.9 million for
the same period last year. Net loss for the second quarter of 2004 was $595,000,
or $0.06 per diluted share compared to net income of $382,000 or $0.04 per
diluted share in the second quarter of 2003.

During the quarter, the company conducted a customary review of its franchise
locations to assess potential accounts receivable risk. As a result, the company
increased its bad debt reserve by $490,000 before taxes.

Revenue for the six months was $66.3 million, compared to $71.8 million in the
same period last year. Revenue from the company-owned training centers was $47.1
million, compared to $52.3 million for the first six months of 2003. Franchising
revenues were $19.3 million, compared to $19.5 million last year. Net loss for
the six months was $806,000, or $0.08 per diluted share, compared to net income
of $550,000 or $0.05 per diluted share in the same period last year.

“We decided to initiate additional cost reductions during the second quarter,
which are now in place and should impact the second half of the year,” stated
Thomas J. Bresnan, president and chief executive officer. “We are investing some
of our savings into sales and marketing initiatives, in order to reinvigorate
growth in the company-owned locations. These cost reductions, coupled with our
growth initiatives, reinforce our strong commitment to achieving sustained
profitability and revenue growth.”

“We increased our bad debt reserve to provide for potentially uncollectible
receivables from franchisees that have ceased, or are at risk of ceasing,
operations. Despite some distressed locations, our North American franchise
business showed stability, and our international business performed well with
same location revenue growth of 15.7%.”

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“We remain focused on diversifying our revenue sources, including our Healthcare
Information Management training. Our pilot results in Healthcare Information
Management have exceeded our plan, and we look forward to rolling out the
program through our network. Another particularly bright spot during the quarter
was our enterprise segment, reinforcing our growing appeal as a one-stop
solution to Fortune 500 companies. Overall, we continue to execute our long-term
strategy of delivering integrated learning solutions to both corporate and
individual customers.”

System-wide revenues for the second quarter, which include revenues for all
training centers, both company-owned and franchised, totaled $100.6 million
versus $102.0 million in the prior year quarter. For the six months, system-wide
revenues were $198.6 million versus $203.1 million in 2003.

The company has scheduled an investor conference call for 5 p.m. eastern today
(Wednesday, July 28, 2004). 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 2. To listen to the telephone replay,
dial 800-642-1687 (706-645-9291 outside the U.S.) and enter conference ID
8639250.

ABOUT NEW HORIZONS

Anaheim, California-based New Horizons Computer Learning Centers was named the
world’s largest independent IT training company by IDC in 2003. 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 250 centers in 50 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 2,100 account executives, 2,400 instructors and 2,100
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
CONSOLIDATED STATEMENTS OF EARNINGS
Three months ended June 30, 2004 and 2003
(In thousands except for per share earnings)
(Unaudited)

  Three Months Ended   Three Months Ended     June 30, 2004   June 30, 2003    

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Revenues                      Franchising                           Franchise
fees   $ 207   $ 412             Royalties     4,168     4,527  
          Courseware sales and other     5,246     4,980    

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          Total franchising revenues     9,621     9,919        Company-owned
training centers     23,451     26,039  

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          Total revenues     33,072     35,958   Cost of revenues       20,006  
  19,647   Selling, general and administrative expenses     14,057     15,564  

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Operating (loss) income       (991 )   747   Other income       57     --  
Interest expense, net       (56 )   (109 )

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(Loss) income before income taxes       (990 )   638   (Benefit) provision for
income taxes       (395 )   256  

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Net (loss) income     $ (595 ) $ 382  

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    Basic (Loss) Earnings Per Share     $ (0.06 ) $ 0.04       Diluted (Loss)
Earnings Per Share     $ (0.06 ) $ 0.04       Weighted average shares
outstanding - Basic       10,451     10,388       Weighted average shares
outstanding - Diluted       10,451     10,388  

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NEW HORIZONS WORLDWIDE, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EARNINGS
Six months ended June 30, 2004 and 2003
(In thousands except for per share earnings)
(Unaudited)

  Six Months Ended   Six Months Ended     June 30, 2004   June 30, 2003    

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Revenues                      Franchising                           Franchise
fees     $ 688   $ 715             Royalties       8,214     8,773  
          Courseware sales and other       10,369     10,010  

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          Total franchising revenues       19,271     19,498  
     Company-owned training centers       47,066     52,288  

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          Total revenues       66,337     71,786   Cost of revenues       39,422
    39,657   Selling, general and administrative expenses       28,256    
30,937  

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Operating (loss) income       (1,341 )   1,192   Other income       100     --  
Interest expense, net       (103 )   (276 )

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(Loss) income before income taxes       (1,344 )   916   (Benefit) provision for
income taxes       (538 )   366  

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Net (loss) income     $ (806 ) $ 550  

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    Basic (Loss) Earnings Per Share     $ (0.08 ) $ 0.05       Diluted (Loss)
Earnings Per Share     $ (0.08 ) $ 0.05       Weighted average shares
outstanding - Basic       10,451     10,388       Weighted average shares
outstanding - Diluted       10,451     10,388  

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NEW HORIZONS WORLDWIDE,INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
June 30, 2004 and December 31, 2003
(In thousands)

  June 30, 2004  December 31, 2003 

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  (Unaudited)     Assets                 Current Assets:                      
           Cash and cash equivalents     $ 7,018   $ 10,850        
           Accounts receivable, net       15,599     14,496        
           Refundable income taxes       1,457     980                    Other
current assets       13,170     13,554  

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                      Total current assets       37,244     39,880        
Property and equipment, net       12,406     14,381         Goodwill, net      
18,368     18,368         Deferred income tax assets, net       21,941    
21,941         Other assets       3,675     3,783  

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Total Assets     $ 93,634   $ 98,353  

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      Liabilities and Stockholders' Equity                 Current Liabilities:
                                 Notes payable and current portion of long-term
debt     $ 5,921   $ 3,000                    Accounts payable       3,544    
4,267                    Deferred revenue       19,095     20,032        
           Other current liabilities       14,496     14,613  

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                      Total current liabilities       43,056     41,912        
Long-term obligations, excluding current portion       --     4,566        
Other long-term liabilities       2,602     3,102  

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                      Total liabilities       45,658     49,580        
Stockholders' equity       47,976     48,773  

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Total Liabilities & Stockholders' Equity     $ 93,634   $ 98,353  

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NEW HORIZONS WORLDWIDE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
Six months ended June 30, 2004 and 2003
(In thousands)

  Six Months Ended   Six Months Ended    June 30, 2004  June 30, 2003   

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Cash flows from operating activities:                  Net (loss) income     $
(806 ) $ 550   Adjustments to reconcile net (loss) income to net          cash
(used in) provided by operating activities:          Depreciation and
amortization       3,268     3,468        Provision for bad debts       577    
37        Gain on disposal of property and equipment       8     (8 )      Cash
(used) provided from the change in:               Accounts receivable      
(1,680 )   513             Inventories       171     22             Prepaid
expenses and other assets       320     (869 )           Income taxes       (477
)   4,165             Accounts payable       (723 )   1,057             Deferred
revenue       (937 )   1,838             Other liabilities       (604 )   354  
          Deferred rent       (12 )   277    

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          Net cash (used in) provided by operating activities       (895 )  
11,404    

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Cash flows from investing activities:          Additions to property and
equipment       (1,300 )   (2,292 )      Proceeds from sale of property and
equipment       --     36    

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          Net cash used in investing activities       (1,300 )   (2,256 )  

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Cash flows from financing activities:          Proceeds from exercise of stock
options       8     --        Proceeds from the issuance of debt       --    
10,939        Principal payments on debt obligations       (1,645 )   (16,239 )
 

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          Net cash used in financing activities       (1,637 )   (5,300 )  

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Net (decrease) increase in cash and cash equivalents       (3,832 )   3,848    
      Cash and cash equivalents at beginning of period       10,850     8,585  
 

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Cash and cash equivalents at end of period     $ 7,018   $ 12,433    

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