Universal Technical Institute Announces Departure of Chief Financial Officer

PHOENIX, Dec. 18 /PRNewswire-FirstCall/ -- Universal Technical Institute,
Inc. (NYSE: UTI), a provider of technical education training, today announced
that Jennifer L. Haslip, Senior Vice President, Chief Financial Officer,
Treasurer and Assistant Secretary, will be leaving the Company on or about
March 31, 2008. The Company has commenced a search for a replacement and
anticipates Ms. Haslip will continue working with the Company in the same
capacity, until such time as a replacement is identified and fully integrated.
"Jennifer has made significant contributions to UTI over the past 10 years
in various, important financial roles. As Chief Financial Officer since 2002,
she added great value to UTI, especially related to the transition from a
private to a public Company. I am very grateful to Jennifer for her many
contributions over the years and appreciate her assistance during the
transition to name a Chief Financial Officer who will help lead the company
through its next stage of development," said President and CEO, Kimberly
McWaters.
About Universal Technical Institute
Universal Technical Institute 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 18
dedicated training centers. Through its campus-based school system, Universal
Technical Institute offers specialized technical education programs under
several well-known brands, including Universal Technical Institute (UTI),
Motorcycle Mechanics Institute and Marine Mechanics Institute (MMI) and NASCAR
Technical Institute (NTI).
Safe Harbor Statement
Statements in this news 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
changes to federal and state educational funding, construction delays for new
or expanding campuses, possible failure or inability to obtain regulatory
consents and certifications for new or expanding campuses, potential increased
competition, changes in demand for the programs offered by the company,
increased investment in management and capital resources, the effectiveness of
the company's recruiting, advertising and promotional efforts, changes to
interest rates and low unemployment. 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.
SOURCE Universal Technical Institute, Inc.

Kimberly McWaters, Chief Executive Officer, President, +1-623-445-9500, or
Valerie Monaco, Public Relations Manager, +1-623-445-0841, both of Universal
Technical Institute, Inc.