NVI Technical College Information

Table of Contents

Item

Page

Item

Page

Important Disclosures Executive Summary

2 5

Technical Feasibility Conclusion

112

Financial Feasibility

113 114 115 116 117 118 119 120 121 122 123 127 131 132 134 136 138

Definitions

12 14 15 16 18 19 22 23 37 43 49 50 51 53 56 57 60 64 66 70 72 75 78 80 85 86 87 88 99

Assessment of the cost accounting system Breakdown of the Financial Statements

Economic Feasibility

Information Regarding Subject Project Site

Historical Revenue, Expenses, Usage and Financial Ratios Table

Subject Project Site Survey Subject Project | Ariel View

Pro Forma Assumptions Table 1 – Period 2024-2025 Pro Forma Assumptions Table 1 – Period 2025-2026

Subject Project Locator Map | Street View

Pro Forma – Years 1 though 5 Pro Forma – Years 6 though 10 Discounted Cash Flow Analysis

FEMA Flood Map

United States Economic Outlook Pennsylvania Economic Overview

Pro Forma EBITDA Summary Years 1 through 10 Sensitivity Analysis │ 5.0% Revenue Reduction Sensitivity Analysis │ 10.0% Revenue Reduction Breakeven Analysis │ 46% Revenue Reduction

Indiana County, Pennsylvania Overview

Economic Feasibility Conclusion

Market Feasibility

Trade & Technical Schools in the US IBISWorld Industry Report

Financial Feasibility Conclusion

Performance

Management Feasibility Resume of the Analyst

Volatility Outlook

The End

Products and Services Geographic Breakdown

Barriers to Entry

Trade & Technical Schools in the US Industry Data by State Demand for Jobs Related to the Company Offerings

Automotive Body and Glass Repairers Diesel Service Technicians and Mechanics Occupational Employment and Wages, May 2022

National Competitive Vocational & Tech Schools Summary Table

Subject Project Enrollment, Tuition and Fees Tables

Industry Job Growth and Demand

National Competitive Vocational & Tech Schools Locator Map Pennsylvania Competitive Vocational & Tech Schools Summary Pennsylvania Competitive Vocational & Tech Schools Summary Table Information on the Sales Organization and Management

100 102 104 106 107 109 110 111

Technical Contracts Data table Market Feasibility Conclusion

Technical Feasibility

Improvements Description

Regulation and Governmental Action

Subject Project Photographs

4