Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Cootey Stephen Lawrence
   2. Issuer Name and Ticker or Trading Symbol
WHITNEY INFORMATION NETWORK INC [RUSS] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
PRIDES CAPITAL PARTNERS, L.L.C., 200 HIGH STREET, SUITE 700		 3. Date of Earliest Transaction (Month/Day/Year)
01/04/2006
(Street)

BOSTON, MA 02110		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $ 10.8 01/04/2006   A(1)   5,000 (2)   01/04/2006 01/04/2016 Common Stock 5,000 $ 0 5,000 I By Prides Capital Fund I, L.P.

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Cootey Stephen Lawrence
PRIDES CAPITAL PARTNERS, L.L.C.
200 HIGH STREET, SUITE 700
BOSTON, MA 02110		   X      
Prides Capital Partners, LLC
200 HIGH STREET, SUITE 700
BOSTON, MA 02110		   X   X    
Lawlor Henry J Jr
PRIDES CAPITAL PARTNERS, L.L.C.
200 HIGH STREET, SUITE 700
BOSTON, MA 02110		     X    
Richardson Kevin A II
PRIDES CAPITAL PARTNERS, L.L.C.
200 HIGH STREET, SUITE 700
BOSTON, MA 02110		     X    
McCarthy Charles E
PRIDES CAPITAL PARTNERS, L.L.C.
200 HIGH STREET, SUITE 700
BOSTON, MA 02110		     X    
Indick Murray A
PRIDES CAPITAL PARTNERS, L.L.C.
200 HIGH STREET, SUITE 700
BOSTON, MA 02110		     X    
Puscasiu Christian
PRIDES CAPITAL PARTNERS, L.L.C.
200 HIGH STREET, SUITE 700
BOSTON, MA 02110		     X    

Signatures

 /s/ Stephen L. Cootey, by Murray A. Indick as Attorney-in-Fact   01/06/2006
**Signature of Reporting Person Date
 /s/ Henry J. Lawlor, Jr., by Murray A. Indick as Attorney-in-Fact   01/06/2006
**Signature of Reporting Person Date
 /s/ Kevin A. Richardson, II, by Murray A. Indick as Attorney-in-Fact   01/06/2006
**Signature of Reporting Person Date
 /s/ Charles E. McCarthy, by Murray A. Indick as Attorney-in-Fact   01/06/2006
**Signature of Reporting Person Date
 /s/ Murray A. Indick   01/06/2006
**Signature of Reporting Person Date
 /s/ Christian Puscasiu, by Murray A. Indick as Attorney-in-Fact   01/06/2006
**Signature of Reporting Person Date
 /s/ Prides Capital Partners, L.L.C., by Murray A. Indick, Managing Member   01/06/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Stephen L. Cootey became entitled to this option upon his appointment as a director of the Issuer. Mr. Cootey is also an employee of Prides Capital Partners, L.L.C. The terms of Mr. Cootey's employment by Prides Capital Partners, L.L.C. require that he transfer the option to Prides Capital Fund I, L.P. Accordingly, the Issuer issued the option directly to Prides Capital Fund I, L.P.
(2) The securities reported herein are owned directly by Prides Capital Fund I, L.P. Because Prides Capital Partners, L.L.C. is the general partner of Prides Capital Fund I, L.P., Prides Capital Partners, L.L.C. may be deemed the beneficial owner of the securities held by Prides Capital Fund I, L.P. Because Kevin A. Richardson, II, Murray A. Indick, Henry J. Lawlor, Jr., Charles E. McCarthy and Christian Puscasiu are the controlling members of Prides Capital Partners, L.L.C., they may also be deemed to be beneficial owners of securities deemed to be beneficially owned by Prides Capital Partners, L.L.C. Each of Messrs. Richardson, Indick, Lawlor, McCarthy and Puscasiu disclaims beneficial ownership of the securities reported herein except to the extent of their pecuniary interests therein. Stephen L. Cootey is an employee of Prides Capital Partners, L.L.C. and disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.
 
Remarks:
Remarks:  This report is filed jointly by Stephen L. Cootey, Kevin A. Richardson, II, Murrary A. Indick, Henry J. Lawlor, Jr., Charles E. McCarthy, Christian Puscasiu and Prides Capital Partners, L.L.C.  Prides Capital Partners, L.L.C. also may be deemed a director by virtue of its right to appoint a representative to serve on the Issuer's board of directors.  Stephen L. Cootey currently serves as Prides Capital Partners, L.L.C.'s representative on the Issuer's board.  Prides Capital Fund I, L.P. acquired the securities reported herein on January 4, 2006.

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