Expands Highly Successful Licensed Practical Nursing Program to State of New Jersey

WEST ORANGE, N.J., March 6 /PRNewswire-FirstCall/ -- Lincoln Educational Services Corporation (Nasdaq: LINC) ("Lincoln") today announced that it has completed a transaction with Harrison Career Institute, Inc. (HCI) to acquire its Licensed Practical Nursing (LPN) program. The acquisition allows Lincoln to expand its LPN course offerings -- a fast growing, high-demand health services education segment -- to its New Jersey campuses.

State licensed in New Jersey, HCI's LPN program was located at its Deptford, New Jersey campus. The current student body will transfer to Lincoln's newly established branch of its New Britain, Connecticut operation. The branch is in the process of obtaining the appropriate State of New Jersey, ACCSCT and USDOE approvals. The LPN program is in the final review process of the New Jersey Board of Nursing for full accreditation status. Lincoln expects this accreditation to be granted as early as the second quarter of 2007, upon which the company will be able to offer the LPN program at additional Lincoln campuses in New Jersey.

"Although this transaction is very small in size, it is significant in that it accelerates our introduction of the high-in-demand LPN program in the state of New Jersey," said David Carney, Chairman and CEO, Lincoln Educational Services. "Our market research on emerging sectors of the economy indicates clear opportunities for licensed practical nurses, and we look forward to building upon HCI's fine program to provide these skills to students looking to build careers in this field. Through our disciplined approach, we have built a successful track record in integrating acquisitions and maximizing the value of our brand equity, having recently completed the re-branding of 29 campuses under the Lincoln banner."

About Lincoln Educational Services Corporation

Lincoln is a leading and diversified for-profit provider of career- oriented post-secondary education. The Company offers recent high school graduates and working adults degree and diploma programs in five principal areas of study: automotive technology, health sciences (which includes programs for licensed practical nursing, medical administrative assistants, medical assistants, dental assistants, and pharmacy technicians), skilled trades, business and information technology and hospitality services which includes culinary. Lincoln has provided the workforce with skilled technicians since its inception in 1946. Lincoln currently operates 37 campuses in 17 states under five brands: Lincoln College of Technology, Lincoln Technical Institute, Nashville Auto-Diesel College, Southwestern College, and Euphoria Institute. Lincoln had a combined average enrollment of approximately 18,400 students as of September 30, 2006.

Statements in this press release regarding Lincoln's business which are not historical facts may be "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward- looking statements, see "Risk Factors" in Lincoln's Form 10-K for the year ended December 31, 2005. All forward-looking statements are qualified in their entirety by this cautionary statement, and Lincoln undertakes no obligation to revise or update this news release to reflect events or circumstances after the date hereof.

CONTACT: Investors, Chris Plunkett or Brad Edwards, +1-212-986-6667, or
Media, Jennifer Gery, +1-212-986-6667, all of Brainerd Communicators, Inc.,
for Lincoln Educational Services Corporation

SOURCE: Lincoln Educational Services Corporation