West Orange, NJ – Lincoln Educational Services Corporation has announced that they have signed a Definitive Asset Purchase Agreement to acquire New England Technical Institute, the first private technical school founded in the state of Connecticut. This addition brings the number of postsecondary schools which Lincoln owns and operates to 32 campuses in 15 states. The technical school marks Lincoln's sixth acquisition since Stonington Partners and Hart Capitol LLC purchased the company.

“The acquisition of New England Technical Institute is an excellent complement to Lincoln's diverse programs,” said David F. Carney, Chairman and CEO of Lincoln Educational Services Corporation. “This new addition increases our presence in the northeastern United States and comes with a strong management team led by Paul and Mark Taub. With their help, the school will integrate seamlessly into our company.”

Founded in 1940, New England Technical Institute is Connecticut's oldest private technical school. Since the Taub family purchased the school in 1988, the school has offered educational training in the Electrical, Automotive, Allied Health, Information Technology and recently Culinary Arts fields. The school includes four Connecticut campuses which serve the New Britain, Cromwell, Hamden, and Shelton markets. New England Technical Institute is Lincoln's fifth brand in the Allied Health and Information Technology arenas, joining the Cittone Institute, Career Education Institute (CEI), Lincoln Technical Institute and Southwestern College.

“Many of the programs which New England Technical Institute provides are in-line with Lincoln's current Allied Health and Electrical course offerings,” continued Carney. “However, the acquisition also brings in new programs of study in the Culinary Arts and Licensed Practical Nursing fields.”

About Lincoln Educational Services: Lincoln Educational Services is a proprietary education company headquartered in West Orange, New Jersey. Lincoln is a leader in Automotive Technology; Diesel Technology; Information Technology; Electronic Systems Technician; Heating, Ventilation and Air Conditioning; Business Administration and most recently Allied Health training. The Company has provided the workforce with skilled technicians since its inception in 1946.

Lincoln currently operates 28 schools in 14 states including the Lincoln Technical Institutes, The Cittone Institutes, CEI, Denver Automotive and Diesel College, Nashville Auto-Diesel College and Southwestern College. Lincoln offers Associate Degree and diploma programs. It has a combined enrollment of more than 18,000 students, and has graduated over 400,000 students since inception. For more information about the schools of Lincoln Educational Services Corporation, please visit www.lincolneducationalservices.com.

Contact: James Dienes

Phone: 973-736-9340