Regency Beauty Institute Acquires The Cosmetology Institute (TCI)
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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.