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PHOENIX (Feb. 01, 2006) - Universal Technical Institute, Inc. (NYSE: UTI), a
provider of technical education training, announced today it will support the
Urban Youth Racing School (UYRS) in Philadelphia, Penn., to promote motorsports
education for inner city youth.
Under this new agreement, UTI will provide 12 new Honda engines and technical
installation assistance for UYRS' Mini Super Cup cars. UTI will also assist in
rebuilding old engines that will be used as spares. In addition, UTI students
and instructors will provide assistance at specified UYRS races held in the
Exton, Pennsylvania area.
"UTI's vision is to help people achieve their dreams," says Dennis Hendrix,
vice president of UTI Business Alliances Group. "Our relationship with URYS
lights the way for these students to succeed in the motorsports
industry."
"We are excited to have UTI on board as a new sponsor," said Anthony Martin,
founder and executive director of The Urban Youth Racing School. "UTI's support
will enhance our educational initiatives and offer our students a wide variety
of educational options."
To further the commitment to inner-city youth, UTI will assist UYRS in
developing and instructing a small-engine dynamometer lab and class. The UTI
Exton campus will also hold two Open Houses during the year where UYRS students
will enjoy lunch, tour the campus, and visit with UTI instructors and
students.
"NASCAR has always said that industry support is critical to the overall
success of the diversity program, "says Tish Sheets, NASCAR's director of
diversity and special projects. "UTI's partnership of the Urban Youth Racing
School is indicative of the broad industry support needed. UTI's generous
support will have a positive impact for years to come."
About Urban Youth Racing School
The UYRS, founded in 1998, is dedicated to
providing inner-city children (ages 8-18) an opportunity to enhance their
education and life skills by using motorsports as the magnet and education as
the compass. This is executed through two 10-week programs consisting of five
classroom sessions and five track sessions, running from June - November. These
programs provide exposure to science, math, chemistry, mechanics, and business;
and instill positive self esteem, focus, passion, drive, determination, team
collaboration and leadership skills. UYRS is committed to making diversity,
educational and youth initiatives a national priority.
For more information, visit www.urbanyouthracingschool.com
About NASCAR
The National Association for Stock Car Auto Racing, Inc. (NASCAR), which
began in 1948, is the sanctioning body for one of America's premier
sports. NASCAR is the #1 spectator sport - holding 17 of the top 20
attended sporting events in the U.S., the #2 rated regular-season sport on
television with broadcasts in over 150 countries, and has 75 million fans who
purchase over $2 billion in annual licensed product sales. These fans are the
most brand loyal in all of sports and as a result, more Fortune 500 companies
participate in NASCAR than any other sport.
NASCAR consists of three major national series (NASCAR NEXTEL Cup Series,
NASCAR Busch Series and the NASCAR Craftsman Truck Series) as well as eight
regional series and one local grassroots series. NASCAR sanctions 1,500
races at over 100 tracks in 38 states, Canada and Mexico. Based in Daytona Beach
(Fla.), NASCAR has offices in Bentonville (Ark.), Charlotte (N.C.), Concord
(N.C.), Conover (N.C.), Los Angeles, New York, Mexico City and Toronto.
About Universal Technical Institute, Inc.
Universal Technical Institute,
Inc. is a provider of technical education training for students seeking careers
as professional automotive, diesel, collision repair, motorcycle and marine
technicians. The company offers undergraduate degree, diploma and
certificate programs at 10 campuses across the United States, and
manufacturer-sponsored advanced programs at 22 dedicated training centers.
Through its campus-based school system, Universal Technical Institute, Inc.
offers specialized technical education programs under the banner of several
well-known brands, including Universal Technical Institute (UTI), Motorcycle
Mechanics Institute and Marine Mechanics Institute (MMI) and NASCAR Technical
Institute (NTI).
For more information, visit www.uticorp.com.
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