Queens Borough President Presides over Lease Signing of All-New Education & Training Center in Whitestone

Lincoln Technical Institute and the Greater New York Dealers Association partner to build a first-of-its-kind automotive training facility.

Whitestone, NY -- March 22, 2003 The Greater New York Automobile Dealers Association (GNYADA) moved a step closer to opening its all-new automotive education and training center yesterday as it signed a 15-year lease agreement with the facilitys anchor tenant, Lincoln Technical Institute. Due to the significance of this announcement, Queens Borough President Helen Marshall participated as witness. Also presiding over the agreement was GNYADA chairman Steven Cannata and Lincoln Tech president Lawrence Brown.

The $25 million project, a first-of-its-kind to be built and managed by an automotive association, will serve the educational community and the automotive industry.

GNYADAs Center for Automotive Education & Training, which is scheduled to open in 2004, will provide students with the training needed to pursue career sin the automotive industry. The facility will feature state-of-the-art service training areas, classrooms outfitted with the latest digital communications systems, lecture halls, and a simulated model dealership complete with a showroom and a working parts department.

The long-term lease agreement signed today with Lincoln Tech ensures that 50,000 square feet of the 90,000 square foot facility that we are building will be filled when the Center opens next year," said GNYADA president Mark Schienberg. We are excited about partnering with such a prestigious institution, known for its superior vocational education programs. Lincoln Tech is a leader in automotive education training, and we are confident that the auto industrys workforce will receive a higher level of training because of their involvement with the Center."

Our involvement with GNYADAs Center for Automotive Education & Training expands our national presence into our 13th state," said Lincoln Technical Institute chairman Dave Carney. By signing this lease today, the partnership between Lincoln and GNYADA further demonstrates the understanding and responsiveness that Lincoln has towards the needs of the automotive industry."

This will afford Lincoln the opportunity to solidify its presence in the tri-state area," said Larry Brown, Lincoln Tech president. Our schools are known for their comprehensive training and job placement. We train technicians based on industry needs and GNYADA is a perfect partner to deliver the training needed to meet the demands of the metro area."

In addition to the 700 Lincoln Tech students, the facility will accommodate GNYADAs own education and training programs and courses, which currently consists of nearly 100 seminars and workshops held each year for local dealership personnel. Auto manufacturers, OEM suppliers, and dealership service providers will also use the facility for ongoing dealership education and training. In fact, GNYADA is working with Ford Motor Company to set up its Regional Training Facility at the new center.

GNYADAs Center for Automotive Education & Training will be located four miles from LaGuardia and eight miles from John F. Kennedy airports in the College Point Corporate Park, an area managed by the New York City Economic Development Corporation.

Currently, there is a national shortage of over 60,000 trained automotive technicians. GNYADAs Center for Automotive Education & Training will help curb that shortage by creating a larger pool of qualified technicians.

About GNYADA: The Greater New York Dealers Association, a not-for-profit organization represents 650 franchised automobile dealerships in the metro are of New York, which sells more that 700,000 cars each year. Its members generate nearly $1 billion for state and local governments and employ approximately 30,000 individuals in metro New York.

About Lincoln Technical Institute: A leader in automotive, diesel, electronic systems, drafting, air conditioning, refrigeration and heating, electronics and information technology training, Lincoln Technical Institute has been providing the job market with skilled technicians since 1946. Lincoln Tech provides training in a diverse, hands-on environment. Lincoln Tech is a member of the Lincoln Educational Services group of schools, which include The Cittone Institute, CEI, Denver Automotive and Diesel College, and most recently Nashville Auto-Diesel College. Lincoln maintains 23 campuses locations in 12 states. For more information on the schools of Lincoln Educational Services please visit us at www.lincolntech.com.