Universal Technical Institute
20410 N. 19th Avenue, #200
Phoenix, AZ 85027
www.UTI.edu
| Contact: | Jenny Bruso UTI Investor Relations 623-445-9351 jenny.bruso@uti.edu |
Valerie Monaco UTI Public Relations 623-445-0841 vmonaco@uti.edu |
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UNIVERSAL TECHNICAL INSTITUTE FINALIZES BUILDING
ACQUISITION FOR NEW DALLAS/FORT WORTH CAMPUS SITE
UTIs Eleventh Campus Scheduled to Open Summer 2010
PHOENIX, ARIZ., Oct. 7, 2009 Universal Technical Institute, Inc. (NYSE: UTI) (the Company), the leading provider of technical training for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, has completed the purchase of a building in Irving, Texas. The building will accommodate the Companys new Dallas/Fort Worth campus designed predominately for local students seeking a UTI automotive education in their hometown. The Company anticipates opening the Dallas/Fort Worth campus during the summer of 2010. The purchase price of the building was $9.1 million and will be approximately 95,000 square feet upon completion of the renovations of the facility. At maturity, the campus will accommodate approximately 750 students.
We are excited to have completed the acquisition of our Dallas/Fort Worth facility. Dallas/Fort Worth is one of the top five U.S. metro markets with favorable student demographics, population growth and technician demand. Adding the Dallas/Fort Worth campus to the UTI network of campuses is part of our broader business strategy of making a UTI education more accessible to students. We believe this campus will provide a more convenient educational experience and help lower the overall education cost to students in the Dallas/Fort Worth metropolitan area, said Kimberly McWaters, President and Chief Executive Officer of UTI.
The building is centrally located within the Dallas/Fort Worth metropolitan area just north of the Dallas Fort Worth (DFW) Airport. The central location provides convenient access for students from most areas of the Dallas/Fort Worth metroplex.
About Universal Technical Institute, Inc.
Universal Technical Institute, Inc. (NYSE: UTI), the leading provider of technical education
training for students seeking careers as professional automotive, diesel, collision repair,
motorcycle and marine technicians, offers undergraduate degree, diploma and certificate programs at
10 campuses across the United States, and manufacturer-specific training programs that are
sponsored by the manufacturer or dealer at dedicated training centers. Through its campus-based
school system, Universal Technical Institute, Inc. offers specialized technical education programs
through several well-known brands, including Universal Technical Institute (UTI), Motorcycle
Mechanics Institute and Marine Mechanics Institute (MMI) and NASCAR Technical Institute (NASCAR
Tech). For more information, visit www.uti.edu.
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