PHOENIX, May 5 /PRNewswire-FirstCall/ -- Universal Technical Institute, Inc. (NYSE: UTI), a leading provider of technical education training, today announced a share repurchase plan.

On April 28, 2009 the Board of Directors authorized a share repurchase plan of up to $20 million of common stock in both open market and privately negotiated transactions. The timing and actual number of shares purchased will depend on a variety of factors such as price, corporate and regulatory requirements and other prevailing market conditions. The plan may be limited or terminated at anytime without prior notice.

About Universal Technical Institute, Inc.

Universal Technical Institute, Inc. is a leading 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 19 dedicated training centers. Through its campus-based school system, Universal Technical Institute, Inc. offers specialized technical education programs under the banner of several well-known brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (MMI), and NASCAR Technical Institute (NTI). We routinely post important information about us on our website at www.uti.edu under the 'About Us - Investors - Information' captions.

SOURCE Universal Technical Institute, Inc.