Regency Beauty Institute Acquires The Cosmetology Institute (TCI)

							For Immediate Release
                                                           For more information, contact:
                                                                     Stacey Cunningham
                                                                          Vice President
                                                                            763-592-7040

 Regency Beauty Insti tute Acquires The Cosmetology Institute (TCI)
MINNEAPOLIS, MN (January 14, 2009) – Regency Beauty Institute today announced the
acquisition of The Cosmetology Institute of Beauty Arts and Sciences (TCI), located in
Winston-Salem, North Carolina. This acquisition introduces Regency to the Winston-
Salem market and increases its presence in North Carolina. Regency currently has a
campus in Charlotte and will open a campus in Durham in the second quarter of 2009.


Regency pursued the acquisition because TCI’s comprehensive educational approach
closely aligns with Regency’s curriculum model, philosophy and high standards of
excellence. Founded in 1980, TCI has a proven track record of preparing students in the
Winston-Salem area for success in every aspect of the beauty industry. “We are excited to
welcome The Cosmetology Institute’s students and faculty to the Regency family and
look forward to continuing their tradition of service to the Winston-Salem community.”
said Hayes Batson, Regency’s president and CEO.


“I am very excited about this acquisition,” said Victoria Srour, previous owner of The
Cosmetology Institute. “TCI’s students, staff and Winston-Salem area salons will benefit
from Regency’s extensive experience. Regency’s commitment to its students, salon
partners, and employees made this decision very easy for me.” Existing TCI campus staff
are staying on board to ensure the continuity of the exceptional level of education for
which both TCI and Regency are known.

Ab ou t Re g en cy Bea ut y In st it ut e
Founded more than 50 years ago in Minneapolis, Regency is an industry leader in
cosmetology education with 45 campuses in fourteen states and plans for further
expansion. The Company provides high quality hair, skin and nail education by combining
expert faculty, upscale facilities and powerful training programs. For more information,
visit www.regencybeauty.com.