Sherbet Awarded $20,000 MMI Jeremy McGrath Scholarship During 2008 Monster Energy® Supercross Finals

AURORA, Ill. (May 8, 2008) – Live Nation Motor Sports, Inc., announced today that Tyler Sherbet, of Starr, S.C., won the Motorcycle Mechanics Institute (MMI) Jeremy McGrath Scholarship that runs in conjunction with Monster Energy® AMA Supercross, an FIM World Championship.

The MMI Jeremy McGrath Scholarship is designed for students with a passion for working with motorcycles to submit an application and a two-minute DVD expressing why they should receive the scholarship. One winner is selected and awarded $20,000 toward his/her program of choice at MMI campuses in Phoenix, Ariz., or Orlando, Fla. MMI is a provider of technical educational training for students seeking careers as professional motorcycle technicians.

“Programs like the MMI Jeremy McGrath Scholarship help secure the future for thousands of people who otherwise wouldn’t have the opportunity to pursue their dreams and achieve their potential,” said Veronica Meury, director of UTI Foundation. “Not only is this announcement thrilling for Sherbet but all of us within the MMI and Universal Technical Institute family are delighted to have such a dedicated, passionate student attend our school.”

The MMI Jeremy McGrath Scholarship enters its fifth season in association with Monster Energy® Supercross. Last year, Matthew Langham, of Kissimmee, Fla., was awarded the scholarship and has since enrolled at MMI’s Orlando campus. Former winners also include Eric Salava (2004), Todd Hunn (2005) and Mary Morgan (2006).

As part of the application process, McGrath personally reviewed the 10 semi-finalist DVDs and then conducted phone interviews with four finalists before selecting Sherbet.

For more information on the Monster Energy® AMA Supercross, an FIM World Championship, please log on to www.SupercrossOnline.com . For all media requests, please contact Denny Hartwig dennyhartwig@livenation.com or 630-566-6305.

ABOUT LIVE NATION
Live Nation is the future of the music business. With the most live concerts, music venues and festivals in the world and the most comprehensive concert search engine on the web, Live Nation is revolutionizing the music industry: onstage and online. Headquartered in Los Angeles, California, Live Nation is listed on the New York Stock Exchange, trading under the symbol “LYV.” Additional information about the company can be found at www.livenation.com under the “About Us” section.

ABOUT MOTORCYCLE MECHANICS INSTITUTE AND UTI FOUNDATION
Motorcycle Mechanics Institute (MMI), is a division of Universal Technical Institute, Inc. (NYSE: UTI), a leading provider of technical education training for students seeking careers as professional automotive, collision repair, diesel, marine and motorcycle technicians. With campuses located in Phoenix, Ariz. and Orlando, Fla., MMI is supported and equipped by all six major motorcycle manufacturers — American Honda, American Suzuki, BMW, Harley-Davidson Motor Co., Kawasaki Motors Corp., USA and Yamaha Motor Corp. USA. Universal Technical Institute, Inc. also offers specialized technical education programs at eight other campuses across the country through several well-known brands — Universal Technical Institute (UTI), Marine Mechanics Institute (MMI) and NASCAR Technical Institute (NASCAR Tech). For more information,, visit www.uti.edu.

The UTI Foundation, a 501(c)(3) Arizona non-profit, is the umbrella organization for all Universal Technical Institute, Inc. (NYSE: UTI) not-for-profit initiatives and dedicated to raising funds to further its mission and strategic goals. The UTI Foundation supports technical education for the automotive, diesel, collision repair, motorcycle, marine and NASCAR industries through scholarships, grants, career development and other special programs. For more information, visit www.utifoundation.net