International Education Corporation Acquires American Auto Institute for Cash

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Tue Jul 7, 2009 8:35am EDT

IRVINE, Calif., July 7 /PRNewswire/ -- International Education Corporation
today announced that it has acquired American Auto Institute for cash.
Headquartered in Cerritos, California, American Auto Institute has unique
transportation education programs that prepare students for entry-level
careers in the automotive industry. 

"This acquisition is consistent with our strategic objective to penetrate new
urban markets in existing media markets within high-demand, career-focused
programmatic verticals," says Fardad Fateri, President and Chief Executive
Officer of International Education Corporation. Dr. Fateri adds, "We are
excited to be able to acquire AAI as it is known amongst employers and
graduates to be a provider of top-quality career education programs to serve
the needs of the automotive industry." 

Despite the turbulence in the economy, the senior executives at International
Education Corporation believe this type of acquisition is a prudent approach
for positioning the corporation for sustaining future success. "Smart money is
now investing for expansion in key strategic economic pockets within
high-potential and historically high-performing sectors," say Janis Paulson,
Chief Operating Officer of International Education Corporation. 

"There is always a need for top-quality graduates for entry-level positions in
high-demand sectors," says Ginny White, Executive VP of Marketing & Admissions
for IEC. "We believe the need and demand for entry-level automotive careers
will continue to grow."

Headquartered in Irvine, California, International Education Corporation is a
premier provider of practitioner-focused postsecondary career education in
healthcare, business, technology and criminal justice. IEC owns and operates
colleges under two national brands: UEI College and Advanced Career Training.

    Contact:

    Hanan Mordaa Awad
    AVP of Marketing
    (714) 368-0169 x318


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SOURCE  International Education Corporation

Hanan Mordaa Awad, AVP of Marketing of International Education Corporation,
+1-714-368-0169 x318
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