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    Roglieri Purchases Interest in Durham Commercial Capital Corporation

    Friday, June 1st, 2012

    ALBANY, NY, May 29, 2012 /PRNewswire/ — Kris Roglieri, founder of Prime Commercial Lending and Commercial Capital Training Group announces that he has purchased an interest in Durham Commercial Capital Corporation.#160; The Rochester based factoring company has been in business since 2005 and Roglieri has been brought in to help grow the company.

    I am excited to be partnering with Durham Commercial Capital Corporation, which has an outstanding record of helping businesses both small and large, grow, said Kris Roglieri, founder of Prime Commercial Lending and Commercial Capital Training Group.#160; I look forward to being part of the team to grow this company and in doing so we will help countless companies succeed and hire additional staff.

    Durham Commercial Capital Corporation provides a wide-range of commercial financing including purchase order financing, account receivable financing and factoring among others.#160; Since 2005, the company has provided financial backing to countless businesses in Central New York as well as nationally and internationally.#160;

    Roglieri brings nearly 20 years of entrepreneurial expertise to Durham Commercial Capital Corporation, having founded two companies: Prime Commercial Lending and Commercial Capital Training Group.#160;

    Prime Commercial Lending is a New York based commercial finance lender working to provide its clients lending of all types, including real-estate loans, equipment leasing, sale leasebacks, medical financing, business acquisition financing, and more.#160; Commercial Capital Training Group is a one-of-a-kind program, which provides the tools necessary to allow entrepreneurs to successfully own and operate their own full service commercial finance company.#160;

    As banks continue to tighten capital for small businesses, independent commercial lending institutions continue to provide opportunities for business growth and the entrepreneurial spirit, added Roglieri.#160; #160;

    Contact: Eric Wohlleber (518) 694-3034

    SOURCE Prime Commercial Lending

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    Twins slugger Josh Willingham: ‘It’s fun to jump around with your teammates’

    Friday, June 1st, 2012

    is ever going to figure it out.

    BS: What does back-to-back come-from-behind wins (Monday and Tuesday) do for the teams state of mind?

    JW: It does a lot. We go out there and we were battling and werent getting a whole lot going early, but our pitchers were keeping us in the game and giving us a chance to come up late and get some big hits.

    BS: What did the walk-off home run do for your state of mind?

    JW: Thats one of the most fun things youll ever do. Its fun to jump around with your teammates. Its fun to see them happy. Its more just coming through for your team.

    BS: It seemed to carry over.

    JW: Any time youre hitting the ball well youve got confidence. I got a couple of good pitches to hit (Wednesday), and I was able to hit them hard.

    BS: How encouraging is it to see Liriano throw six strong shutout innings?

    JW: Really encouraging. We know he is going to have to be a big part of our team for us to be as good as we can be. He had a great step forward.

    BS: Were the past two games any more special because it was against your old team?

    JW: No. Not at all. It doesnt matter who I play. Those guys are great over there. Ive got a lot of great friends over there and made a lot of great relationships that Ill probably have long after baseball is gone. It was just great to win. It doesnt matter who it is.

    BS: What is the best reason to feel the season still can be salvaged?

    JW: Weve got good players over here. We just havent been able to put it together yet. Our pitching struggled some, and when we pitched well we havent really hit. Once were able to put it together and be more consistent, thats when well be able to win more.

    High-speed spending: Bullet train may need $3.5 million a day

    Friday, June 1st, 2012

    If California starts building a 130-mile segment of high-speed rail late this year as planned, it will enter into a risky race against a deadline set up under federal law.

    The bullet train track through the Central Valley would cost $6 billion and have to be completed by September 2017, or else potentially lose some of its federal funding. It would mean spending as much as $3.5 million every calendar day, holidays and weekends included the fastest rate of transportation construction known in US history, according to industry and academic experts.

    Over four years, the California High-Speed Rail Authority would need as many as 120 permits, mostly from a tangle of government regulatory agencies not known to rush their business. It would need to acquire about 1,100 parcels of land, many from powerful agriculture interests that have already threatened to sue. And it would need to assemble five teams of contractors with giant workforces positioned from Fresno to Bakersfield, moving millions of tons of gravel, steel rail and heavy equipment across the valley.

    Even if the authority avoids any delays, its ability to complete the first construction section on time will require a breakneck pace of activity.

    It is a very aggressive plan, said Manuel Garcia, associate director at the Construction Industry Institute affiliated with the University of Texas at Austin. It does appear that it will be a challenge.

    If the rail authority runs into technical problems, legal disputes, permit delays or political roadblocks, it could end up building less track and potentially leave an uncompleted project, according to warnings contained in its own business plan. If the project blows past the federal deadline, for example, the flow of money could be stopped. And the scramble to meet that deadline could lead to construction problems and drive up costs.

    Rail officials acknowledge that their plans are aggressive but describe them as not unprecedented, pointing to the fast construction pace of the new Bay Bridge in Oakland and the Alameda Corridor freight rail line in Los Angeles.

    But state reports show the $6.5-billion Bay Bridge will have an average spending or burn rate of $1.8 million per day when it is completed in 2013, less than half what the rail authority is planning. The Alameda Corridor also had a similar $1.8 million per day burn rate by its completion in April 2002, much less than planned for the bullet train even when adjusted for inflation.

    The hurried project to improve I-15 in Salt Lake City before the 2002 Olympics, known in the construction industry as one of the fastest well-executed work packages, spent $1.6 million per day, according to John Njord, executive director of the Utah Department of Transportation.

    That was a burn rate like we have never seen before, he said, which was on schedule only because of careful planning. The California effort would more than double that pace.

    John Popov, a construction expert at Parsons Brinckerhoff, a consulting firm working with the rail authority, said he believes the project can be completed on time. Popov calculates that the job will spend $2.7 million per day, which excludes the cost of land acquisition, environmental work, management oversight and reserves. But construction experts say that including all of its costs, the authority would spend $3.5 million per day. Popov added that the authority is considering whether it can legally shift as much as $1.3 billion of work past the 2017 deadline, an option that has not been vetted with the Legislature.

    Outside experts say that only careful management like that in the Utah job can ensure that the Central Valley rail plan does not go haywire. The rail authority has just 37 employees and has been operating for months without a chief executive, a deputy chief executive or a chief financial officer. It also has no single executive overseeing construction, which outside consultants say is needed.

    You have 37 mere mortals who have never done anything like this before, said Robert Bea, a member of the National Academy of Engineering, a retired UC Berkeley professor of civil engineering and director of the National Science Foundations project on Californias transportation infrastructure. They need God, because hes the only one who can handle this management challenge.

    A final environmental report on about half of the 130-mile project is uncompleted and months behind schedule, forcing the agency to start work initially on a 29-mile section from Madera to Fresno and hope that it can get the review problems with the rest of the line cleared up later this year.

    In a status report this month, Mark Ashley, a senior vice president with the rail authoritys consultant TY Lin International Group, noted that the project has identified 25 issues in the Merced-to-Bakersfield construction plan as high risk or very high risk and that the project is now nine months behind schedule in securing official approval from the Federal Railroad Administration.

    Fresno to Bakersfield is going to be really tight, Ashley said. The acquisition of land is facing problems, including slow progress in getting agreements with freight railroads, he added. It is dicey right now whether that is going to hold up our construction or impact our schedule.

    The rail authoritys plan is to break the construction into four contracts to design and build the railroad bed. A fifth contract would cover installation of hundreds of tons of steel rail. The very first construction contract on the section from Madera to Fresno is projected to cost $1.5 billion to $2 billion, and five teams of contractors are supposed to submit bids by September.

    But the separation of the project also creates another set of risks because each sections design, engineering, construction and workforce management must be integrated.

    The more packages you add, the more interfaces you have, and thats where projects break down, Bea added.