New Horizons Worldwide Announces Renewal of India Agreements

CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--New Horizons, the world's largest independent I.T. training company, today announced it had renewed agreements with its India partner New Horizons India Limited, to continue its exclusive arrangement for an additional 7-year period through 2016.

The U.S.-based franchisor began its arrangement, which is a joint venture governed by an exclusive franchise agreement for India, in 2002. Since then, Delhi-based New Horizons India has grown into one of the leading I.T. training companies in India, operating more than 20 locations nationwide.

"We are delighted to take this step with our partners and friends in India," commented Mark Miller, CEO of New Horizons Worldwide. "Although we are pleased with what has been accomplished in our foundational years, India is a dynamic market and our journey in India is just beginning."

"It has been a challenging but rewarding period of seven years with New Horizons," added Ajay K. Sharma, President and CEO of New Horizons India. "We are delighted to extend our association for the next seven years. As the Indian Economy grows faster than most, the growing skills shortages are presenting us with huge social responsibility as well as business opportunity and we hope to achieve a high rate of growth in the years ahead."

About New Horizons Computer Learning Centers

With over 300 centers in 70 countries, U.S.-based New Horizons Worldwide Inc. (Pink Sheets: NWRZ) is the world's largest I.T. training company. Through an integrated learning approach that ensures that new knowledge can be applied to real-life situations, New Horizons delivers a full range of technology and business skills training from basic application and desktop productivity tools to complex and integrated business systems. New Horizons continues to expand its offerings, locations, and solutions to meet the growing demands placed on organizations and their employees.


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