UTI Announces Training Alliance With Toyota Motor Sales U.S.A., Inc.

Toyota Professional Automotive Technician Program (TPAT) Will Be Offered to UTI Students

PHOENIX, /PRNewswire-FirstCall/ -- Universal Technical Institute, Inc. (NYSE: UTI), one of the nation's leading providers of technical education training, today announced that it has entered into a training alliance with Toyota Motor Sales U.S.A., Inc., to develop Toyota Professional Automotive Technician (TPAT), a new Toyota and Lexus brand-specific training program. The TPAT program, a three-phase, nine-week elective program, will allow UTI students to train on Toyota and Lexus vehicles, including Toyota's newest models, the Scion and Prius gas-electric hybrid automobiles. "Because of Toyota's strength in the marketplace and commitment to customer satisfaction, we are excited to offer this specialized education to our students," said Kimberly McWaters, president and chief executive officer of Universal Technical Institute, Inc. "This program should result in additional professional technicians for Toyota dealerships and improved employment opportunities for our graduates." "OEM relationships, such as the one with Toyota, are important to our company as we work to supply the demand for qualified automotive technicians that currently exists in the automotive industry. Not only do our relationships with top automotive manufacturers help drive enrollment at our campuses, but they also provide UTI with financial sponsorship, equipment and product support, as well as access to OEM-specific technology and curriculum." Universal Technical Institute, Inc. expects the new TPAT curriculum will be offered at its Glendale Heights, Illinois, campus during the summer of 2004.

About Universal Technical Institute Universal Technical Institute, Inc. is one of the nation's leading providers 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 seven 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 http://www.uticorp.com.

About Toyota Toyota Motor Sales (TMS), U.S.A., Inc. is the sales, marketing, distribution and customer service arm of Toyota, Lexus and Scion in the United States, marketing products and services through a network of 1415 Toyota, Lexus and Scion dealers in 49 states. Established in 1957, TMS and its subsidiaries also are involved in logistics, motorsports, R&D and general aviation. For more information, visit http://www.toyota.com.

Statements in this press release concerning the future business, operating results and financial condition of the company are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are based upon management's current expectations and are subject to a number of uncertainties that could cause actual performance and results to differ materially from the results discussed in the forward-looking statements. Factors that could affect the company's actual results include construction delays for the new campuses and expansions, possible failure or inability to obtain regulatory consents and certifications for the new campus, potential increased competition, changes in demand for the programs offered by the company, increased investment in management and capital resources, changes to federal and state educational funding and the effectiveness of the company's advertising and promotional efforts. Further information on these and other potential factors that could affect the company's financial results or condition may be found in the company's filings with the Securities and Exchange Commission, all of which are incorporated herein by reference. The company undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

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