Racing for a Cure

The inaugural San Jose Grand Prix Champ Car race roared through the streets of San Jose on a sweltering weekend in late July, and Borelli Investment Company was in the heat of the action — helping race beneficiary Canary Fund raise well over a half million dollars to advance the early detection of cancer.

One of Ralph Borelli’s passions is auto racing — Ralph owns a vintage Winston Cup car that won the pole position in the 1992 Daytona 500. Ralph’s #22 Maxwell House car finished 6th in the Historic Stock Car Racing Series (HSCRS) NASCAR event, which was a part of the weekend and contributed to the total raised for Canary Fund. In addition, Borelli provided pre-race rides to lucky clients in the #22 car around the demanding, 1 1/2-mile layout through downtown San Jose.

The week-long event — which included a gala dinner at the Fairmont Hotel, street festival, live music, beach volleyball, driver autograph sessions, and more — was a tremendous success, both for the 150,000 fans who attended and for the Canary Fund, which received a substantial amount of money to help support its worthy cause. See you next year in 2006!

Land Transactions

Completing a land transaction often requires more than simply negotiating a purchase price. In the Silicon Valley and elsewhere, entitlement issues, tax or estate-planning considerations, and complications created by multiple owners demand broad-based expertise and experience that go beyond typical brokerage.

Borelli Investment Company represents both buyers and sellers and handles a wide range of land transactions, large and small. These case studies detail Borelli’s unique abilities to identify opportunities and overcome challenges-including creatively repositioning properties or obtaining funding on short notice, when required.

Select a land case study to view :

• Almondridge
• Communications Hill
• Elmwood
• Hacienda Gardens
• Oakley
• Union Pacific

Golden Opportunity at Junction Office Center

Borelli Investment Company has announced its latest business condominium offering — Junction Office Center, a two-building, 77,000 square foot complex on Junction Avenue in San Jose’s Golden Triangle. At Junction Office Center, small to medium-sized businesses can purchase — not lease — office condominiums ranging in size from 750 to 3,000 square feet, and enjoy all the tax benefits and potential long-term appreciation usually available only to businesses capable of purchasing an entire building.

“Many owners of smaller businesses don’t realize there’s an alternative to leasing,” said Ralph Borelli, president. “Business condominiums provide smaller companies all the benefits of real estate ownership: depreciation, interest write-offs, and other tax deductions — in addition to prospective appreciation over time.”

Located in San Jose’s Golden Triangle

Junction Office Center is located in the heart of the technology-rich Golden Triangle — formed by the intersections of I-880, Hwy 101, and Hwy 237 — with ready access to work with clients virtually anywhere in Silicon Valley. The complex is also only a few minutes from Mineta San Jose International Airport, and is close to the light rail line for easy commutes that avoid high gas prices.

For those who drive, there’s ample parking, with a ratio of 5.3 cars-per-thousand square feet of space. On-site services include UPS, FedEx, and US Postal Service drop boxes. In addition, a large delicatessen is planned, so business owners can hold working lunches without leaving.

“The location borders an area defined in Vision North San Jose — an ambitious land use plan that targets development along the North First Street transportation corridor,” Borelli remarked. “Junction Office Center puts owners in a prime location to benefit from this long-term growth blueprint.”

Professional-Quality Office Space

The extensive $15 million renovation features awning-covered entrances and formal lobbies in the two buildings, with polished granite floors and high ceilings. Each of the 52 suites is fully carpeted and has its own coffee bar. Suites also have individual controls for heating and air conditioning, are separately metered for electrical usage, and have access to the building’s T1 fiber optic cable for high-speed Internet access.

Completely redone multi-stalled restrooms include showers — perfect for joggers or bicyclists — a full seismic retrofit, upgraded elevators, ADA improvements, a new roof, and extensive landscaping around the buildings’ perimeter and in the central courtyard.

“We’ve also refurbished a large common conference room with Web-based videoconferencing, PowerPoint capabilities, audioconferencing, a state-of-the-art video system, and Web access,” noted Borelli. “This is a great environment for business.”

Ownership Advantages

Junction Office Center enables smaller businesses to capitalize on special tax benefits to reduce the cost of buying.

“IRC Section 179 deductions let business owners write off up to $105,000 in bonus first-year depreciation, and a well-accepted accounting method known as cost segregation can accelerate depreciation on a substantial portion of an owner’s property,” Borelli explained. “These deductions — plus SBA financing with 10 percent down — make this a very attractive opportunity.”

For more information, call Larry Bengiveno at (408) 453-4700, e-mail larry@borelli.com.

History Summary of Borelli Invesment Company

• 1955 — Nelo and Victor Borelli started company as a diversified Real Estate Brokerage and Development Company.
• 1957 — Built its first tilt-up industrial building in Santa Clara which was the start of the property management and development division.
• 1965 — Developed Borelli Industrial Park in Santa Clara which inspired the naming of Nelo & Victor Streets and Aldo Avenue.
• 1973 — Ralph obtained license and joined N.G. Borelli Realtor at 19 years old.
• 1977 — Ralph became President when Nelo retired.
• 1979 — Ralph directed the formation of Borelli Investment Company’s first syndicated partnership to acquire multi-tenant industrial and office properties.
• 1981 — Ralph and Phil Burke form Borelli & Burke.
• 1984 — Ralph Borelli named Outstanding Investment Broker by San Jose Chamber of Commerce.
• 1986 — Burke leaves company and firm changes name to Borelli Investment Company.
• 2003 — Borelli Investment Company awarded Largest Property Management Firm by the Business Journal.
• 2004
  • Ralph N. Borelli named the 2004 Land Broker of the Year by the Association of Silicon Valley  Brokers (ASVB).
  • On October 27, 2005, Ralph Borelli and Borelli Investment Company handled seven land transactions  representing 127 acres and worth $56 million to be awarded the Business Journal’s Structures Award for 2004 Land Deal of the Year.
• 2005
  • Celebrates 50 years in business. Management portfolio grows to approximately 70 properties with 30 employees and a portfolio of nearly 4 million square feet (valued in excess of $750,000,000) and 1,000 tenants.
  • Ralph was awarded 2 commendations for making a mark on the community: the first was in celebration of the company’s 50 years in business and the second for the generous support of the inaugural San Jose Grand Prix.
• 2006
  • June – Borelli Restructures – Buddy Parsons becomes President; Tom Purtell becomes Chief Operating Officer.
  • September – Borelli moves (pdf) – Borelli office moves from Technology Dr. to Junction Ave., into own Junction Office Condos.
  • November – Junction has sold over 55% of Office Condos.

Borelli Investment Company Celebrates 50th Anniversary
Local commercial real estate firm follows proven formula: focus on quality and value, avoid short-lived trends, and consistently deliver superior service

San Jose, California, June 8, 2005 (view photos) — In 1955, Nelo G. Borelli started a small real estate company to serve the Santa Clara Valley . The valley was a vastly different place in those days. Apricot and prune orchards blanketed much of the valley floor and surrounding foothills. The City of San Jose was a regional hub of commerce. Palo Alto was just a nice college town, while Los Gatos and Saratoga were viewed as out in the country — not the upper income suburban communities they are today. And only a few of the companies that would transform this area into the world-renowned Silicon Valley had been started.

To build its business, N.G. Borelli, Realtor offered a wide array of services: residential and commercial development, brokerage, and land sales — whatever was required. With a staff of five or six people, Nelo Borelli built personal relationships that helped the business grow, always insisting on superior service for his clients.

Not quite 20 years later, Ralph Borelli joined his father’s firm as a broker, while he was still in college. After a few years of learning the business, Ralph was ready to step up to run Borelli Investment Company when his dad retired in 1977.

“I had been around real estate all of my life,” Ralph Borelli, CEO of Borelli Investment Company said. “The valley was an exciting place to be in the commercial real estate business during the Silicon Valley boom, and we had to be fast on our feet to succeed.”

Avoiding the R&D Temptation

During the 1970s and 1980s, Borelli Investment Company began to grow quickly. Under Ralph’s direction, the company wisely focused on multi-tenant office and industrial buildings, avoiding the glamorous R&D development that eventually proved to be the undoing of many firms.

“We were smaller compared to the large national developers,” Borelli explained. “Even if we had wanted to play in the market segment, it would have been difficult for us to compete. In addition, R&D got so overbuilt that we didn’t think it was a good place for investors in our syndicated real estate offerings, and we didn’t want to be there as a company either.”

Borelli Investment Company’s instincts proved correct, and as other commercial real estate companies — developers, contractors, and brokers — struggled when the boom ended, Borelli Investment Company has enjoyed consistent growth.

Over time, Ralph Borelli expanded the firm’s capabilities beyond commercial real estate development and consulting for sales and leasing. The company built a very successful property management portfolio, with more than four million square feet of space valued at $750 million under management. In 1979, Borelli directed the formation of Borelli Investment Company’s first syndicated partnership to acquire multi-tenant industrial and office properties. To-date, the company has formed over 30 partnerships delivering long-term returns to investors.

Land Repositioning and Sales

Another Borelli Investment Company specialty is land sales. The company has the expertise and depth of experience gained from handling a wide variety of land transactions over the years. These range from relatively simple purchases of vacant land to build retail centers or office projects from Sacramento to the Central Valley , to a complex repositioning of commercial property in the heart of Silicon Valley to enhance value. The Association of Silicon Valley Brokers (ASVB) recently honored Ralph Borelli as 2004 Land Broker of the Year.

“In Silicon Valley , most of the prime land is gone,” said Borelli. “You won’t find large developable parcels without zoning restrictions or other issues, just waiting to be built upon. As a result, land sales often involve tremendous creativity to assemble numerous smaller pieces of land into a larger parcel, reposition a property, obtain necessary zoning changes and variances, oversee architectural reviews, or provide infrastructure improvements. We enjoy taking on those challenges.”

One of the company’s biggest land transactions was a 125-acre, $30 million sale for KB Home on Communications Hill in San Jose . Consisting of seven smaller parcels with multiple owners, the transaction required a decade to put together and obtain all the required approvals. Today, KB Home’s Tuscany Hills is a community of three neighborhood parks and more than 700 residential condominiums, townhomes, and single-family homes.

Business Condominiums

Borelli Investment Company is also leading the way in a growing market for office and industrial condominiums. Office condominiums, which provide small businesses with accelerated deductions, tax incentives, and the potential of long-term appreciation, are proving to be especially popular for many small start-ups, professional firms, travel agencies, and a wide range of other service businesses.

The company’s Ringwood Business Center —a 47-unit, 3-building, 73,000 square foot business condominium complex, is 80 percent sold or in escrow only six months after opening. “There simply are a large number of compelling reasons for businesses of almost any size to take advantage of the benefits of property ownership,” noted Borelli. “Business condominiums make this a reality.”

Expanding Horizons

Today Borelli Investment Company provides real estate asset management services, construction management for tenant improvements and new development, and bonded court-appointed receiverships for properties involved in legal proceedings. Over time, the company has also broadened its horizons and extended its reach into other markets beyond Silicon Valley , including the Peninsula, East Bay, Sacramento, and the fast-growing Central Valley .

“Our business has been built on a straight-forward philosophy,” Borelli stated. “We always try to deliver high quality and excellent value. We stay away from overheated, trendy segments of the marketplace. And we empower our people to make decisions, so that they can provide superior service to clients—completing transactions and meeting clients’ needs and expectations.”

Borelli Investment Company is one of the oldest commercial real estate firms in the Santa Clara Valley. The company provides a full range of commercial real estate services — from development and construction management to land sales and consulting for sales and leasing. A chronological summary of Borelli Investment Company’s history is also available. More information about Borelli Investment Company’s services may be obtained by calling (408) 453-4700 or visiting www.borelli.com.

Contact: Ralph Borelli, CEO Borelli Investment Company 1770 Technology Dr. San Jose, CA 95110 Ph: 408.453.4700 Fax: 408.453.4636 E-mail: ralph@borelli.com

 

http://www.borelli.com

City of San Jose Presented to Ralph Borelli

On June 8, 2005, Ralph Borelli was awarded a Commendation by the City of San Jose. Councilmember David Cortese presented the award to Ralph Borelli at the celebration of the Borelli Investment Company’s 50th Anniversary of being in business. The City of San Jose wanted to acknowledge the influence of the Borelli Investment Company upon the city over the past 50 years.

The following is written on the Commendation:

WHEREAS: Fifty years ago, Mr. Nelo G. Borelli founded a small real estate company to serve the Santa Clara Valley called the Borelli Investment Company which has since then grown immensely, focusing on commercial real estate services and providing space for business opportunities; and

WHEREAS: The Borelli Investment Company was instrumental in planting the seeds of what is now the world renowned “Silicon Valley,” opening the doors for booming business in and around the City of San Jose; and

WHEREAS: In doing so, the Borelli Investment Company has established themselves as industry leaders, paving the way for other companies to follow and they have brought great honor to the City of San Jose;

NOW, THEREFORE I, Councelmember Dave Cortese along with my fellow colleagues on the San Jose City Council, on this 8th day of June, 2005 do recognize and commend.
BORELLI INVESTMENT COMPANY
for its fifty successful years of service to the community and we wish them many more successful years of business.

Signed by David Cortese, Councilmember

Attested to by: Lee Price, Clerk of the City of San Jose

Lease vs. Buy

The traditional way for most small to mid-sized businesses to acquire needed office or industrial space is leasing. Larger companies have the buying power to purchase business property in order to better control their occupancy costs — but smaller companies have long been subject to rent increases caused by economic fluctuations over time.

In today’s California real estate market, including here in the Silicon Valley, a second option is emerging. A growing number of developers and building owners are offering business condominiums, with office or industrial space that can be purchased on a much smaller scale than acquiring a complete building. Still, for many small businesses with modest cash reserves, making a down payment on the purchase of business space may seem beyond their reach.

Thanks to a little-known accounting practice called cost segregation, which has been accepted in the past by the IRS — together with outstanding tax benefits offered by the 2003 Jobs and Growth Tax Relief Reconciliation Act — any business owner can now consider the possiblity of owning, rather than leasing, business space.

Tax Benefits

Cost segregation pays dividends It starts with real estate cost segregation, a smart way to accelerate the depreciation on business property. In simplest terms, cost segregation lets you recover certain building costs over fifteen, seven, or even five years, rather than depreciating the entire value of a building-minus the land cost-over the standard 39 years.

The cost segregation method has only been available for the past few years, with the sophisticated analyses primarily used by large corporations that understood the highly favorable tax implications. Today, even the smallest businesses can use the accelerated depreciation that cost segregation makes possible to save thousands of dollars in taxes. When combined with special tax incentives available only through 2004 (unless extended by Congress), these savings can sometimes be as large or larger than your down payment.*

In this case, there can be no reason not to buy!

Cost segregation accounting practices and special limited-time tax incentives have made it more affordable for businesses of all sizes to own their office or industrial space. Download our white paper to learn more.

Tax Incentives Expiring Soon           

Among the 2003 Tax Act incentives are:

• Section 179 Deduction-Business owners can take a deduction of up to $100,000 in accelerated depreciation on business property in the first year in which a building is placed into service. This $100,000 deduction will be reduced to only $25,000 after 2005.

When combined with cost segregation, these special tax incentives can easily add up to tens of thousands of dollars for the typical buyer-which puts owning within the reach of virtually everyone. A close examination of our “Lease vs. Buy” analysis will show you exactly how these benefits can add up. Of course, you’ll want to consult your tax professional about your specific situation to learn how these benefits might apply to your purchase.

Long-term Appreciation

Real estate has always been a valuable asset for many successful corporations. The long-term appreciation potential can add substantially to the value of a business.

Today’s unique tax advantages and attractive financing options put ownership within the reach of more small businesses than ever before.

Please read our PDF document called “A Less-Taxing Way to Own Business Space” to find out more about cost segregation and how owning your own office or industrial space can be a smart financial move for you and your business.

* The above discussion does not take into account every tax situation for all businesses or individuals. Not all tax laws have been considered-for example, passive loss and at-risk rules or alternative minimum tax (AMT) requirements could alter the tax benefits. Business owners should contact a tax advisor before making buying decisions.

Borelli Investment Company Selects Canary Fund as Corporate Charity
Borelli Racing out to lead the pack for Canary Fund at the inaugural
San Jose Grand Prix, July 29th-31st, 2005

San Jose, Calif., May 26, 2005 — Borelli Investment Company, a San Jose-based real estate firm celebrating its 50th anniversary in 2005, announced that it has selected Canary Fund—a nonprofit organization dedicated to early detection and prevention of cancer—as its corporate charity. Borelli Investment Company will direct the majority of its corporate giving to the Canary Fund in 2005, and will also encourage clients and business associates to contribute to the San Jose-based charity. In addition, Borelli Racing is involved with the inaugural San José Grand Prix Champ Car race in downtown San Jose the weekend of July 29th – July 31st, which will donate a significant portion of its proceeds to Canary Fund.

  Founded in 2004 by high-technology executive Don Listwin, Canary Fund is dedicated to finding new ways to detect cancer in its earliest, most curable stages. Listwin’s family, like many others, has been touched by cancer. In recent years, the Listwin Family Foundation has contributed more than $14 million to early detection research at Fred Hutchinson Cancer Research Center and Stanford University .

“So many families today have been affected by this disease,” said Ralph Borelli , CEO of Borelli Investment Company. “When we learned about Canary Fund and the important things that the organization is doing through Borelli Racing’s association with the San José Grand Prix, we knew that this was a cause that we wanted to be involved in.”

Canaries in a Coal Mine

Canary Fund takes it name from the use of canaries as an early warning system for coal miners. Beginning in the late 19th or early 20th century, miners in the U.S. and U.K. often owed their lives to these gentle birds, which are particularly sensitive to the build-up of odorless, colorless carbon monoxide and other harmful gases that can occur in a mine after a fire or explosion. Canaries were common sights in coal mines until the mid-1980s, when electronic devices replaced them.

Canary Fund’s primary focus is on a standardized family of biomarker signatures for the detection of cancer at the earliest possible stages. In addition to Fred Hutchinson Cancer Research Center , other Canary Fund partners include Stanford University Medical School, USC, and UCSF Comprehensive Cancer Center .

Race to Stop Cancer

Borelli Racing is excited to be participating in the San José Grand Prix, which will see Champ Cars hitting speeds of over 200 mph on a 1 1/2 mile, 10-turn layout around the San Jose Convention Center. One of Ralph Borelli ’s passions is motor sports, and in 1999 Borelli purchased a vintage Winston Cup race car, which he still runs in NASCAR’s Historic Stock Car Racing Series (HSCRS). An HSCRS competition will be part of the San Jose event. There will also be a street festival, live music, driver autographs, interactive games, and even beach volleyball—right in downtown San Jose.

“It should be a great time for everyone—whether a long-time NASCAR fan or someone who just wants to enjoy a summer weekend—and it will also be a great way to support a very worthy cause,” Borelli noted. “I hope that all of Silicon Valley comes to see what this Champ Car event is all about.”

Celebrating its 50th anniversary in 2005, Borelli Investment Company is one of the oldest commercial real estate firms in the Santa Clara Valley . The company provides a full range of commercial real estate services—from development and construction management to land sales and consulting for sales and leasing. More information about Borelli Investment Company’s services may be obtained by calling (408) 453-4700 or visiting www.borelli.com.

For more information about Canary Fund, visit www.canaryfund.org. For additional details about the San José Grand Prix, visit www.sanjosegrandprix.com.

Contact: Ralph Borelli, CEO Borelli Investment Company 1770 Technology Dr. San Jose, CA 95110 Ph: 408.453.4700 Fax: 408.453.4636 E-mail: ralph@borelli.com http://www.borelli.com

Ralph Borelli Named Land Broker of the Year
Borelli closes seven transactions representing 127 acres and nearly
$56 Million in total value

San Jose, California, May 20, 2005 — Ralph N. Borelli, president and CEO of Borelli Investment Company, has been named the 2004 Land Broker of the Year by the Association of Silicon Valley Brokers (ASVB). During the year, Borelli closed six land transactions in Silicon Valley valued at $49.9 million. In addition, he completed a major sale of 19.47 acres of land in the Modesto area, representing nearly $6 million in value.

The Silicon Valley transactions that won Borelli the ASVB award were highlighted by the sale of the final parcel in a complex, long-term land-purchase by KB Home at Communications Hill in San Jose. Communications Hill, prominently located south of downtown San Jose, is the site of Tuscany Hills, a beautiful new home community being developed by KB Home. Built on 125 acres brokered by Borelli over the past ten years, Tuscany Hills will ultimately contain three neighborhood parks and more than 700 residential condominiums, townhomes, and single-family homes.

“It is a tremendous honor to be recognized by the ASVB,” said Borelli. “The majority of land transactions now taking place in Silicon Valley involve sophisticated repositioning and painstaking work obtaining variances and other government approvals. Borelli Investment Company has a special affinity for these challenging land deals, drawing upon our 50-year history of property transactions here in the valley.”

Among the other major land transactions Borelli closed locally in 2004 were two additional purchases for KB Homes in downtown San Jose — one at 770 South 12th Street; and the other a former storage yard for Union Pacific Railroad on East Williams Street. The nearly $50 million in Silicon Valley area land-specific transactions ranked Ralph Borelli second overall among all brokers on the list of Top Commercial Real Estate Agents in the Silicon Valley Business Journal.

“This award reflects the hard work that our firm consistently does for its clients,” Borelli noted. “Our goal is to quickly and efficiently meet client requirements, regardless of how challenging they may be.”

Borelli Investment Company is one of the oldest commercial real estate firms in the Santa Clara Valley. The company provides a full range of commercial real estate services — from development and construction management to land sales and consulting for sales and leasing. More information about Borelli Investment Company’s services may be obtained by calling (408) 453-4700 or visiting www.borelli.com.

Contact: Ralph Borelli, CEO Borelli Investment Company 1770 Technology Dr. San Jose, CA 95110 Ph: 408.453.4700 Fax: 408.453.4636 E-mail: ralph@borelli.com http://www.borelli.com

Borelli Investment Company Opens Ringwood Business Center
Three-building 72,000 square foot complex features Silicon Valley’s smallest brand new business condominiums for office and industrial use—space is already 40% pre-sold

San Jose, California, November 4, 2004 — Borelli Investment Company, a long-time San Jose real estate company offering a range of services from commercial leasing and development to property management services and land sales, has opened Ringwood Business Center — a 72,200 square foot, three-building business condominium complex in North San Jose, designed for industrial, office, and R&D uses.

Ringwood offers the smallest newly built business spaces for sale or lease with the option to buy in Silicon Valley , with 47 condominium units ranging from 750 square feet to 3,500 square feet, according to Ralph Borelli, principal of Borelli Investment Company, which is developing the project.

“Ringwood provides smaller firms an opportunity to enjoy the advantages of property ownership,” Borelli said. “Most of these businesses have had no choice but to pay rent year after year — with nothing to show for it. Ringwood Business Center business condominiums allow business owners to build equity, while enjoying the tax benefits of property ownership.”

Located in International Business Park

The single-story complex is well located in North San Jose ’s International Business Park. Businesses have easy access to major transportation arteries such as I-680, I-880, and the Montague Expressway, and are less than five miles from San Jose International Airport. Ample parking exists on-site, with a ratio of four cars-per-thousand square feet of space. Minimum power for the industrial units is 200 amps @ 120/208 volts per unit; office units are supplied with a minimum of 100 amps of power.

“Interest in Ringwood has been so strong, that we are already 40 percent pre-sold,” Borelli commented. “We have an eclectic mix of owners — several professional firms, an electrical contractor, a machine shop, and even a dental lab. This reflects Silicon Valley ’s diversity and the need to serve clients wherever they are located.”

Prices at Ringwood Business Center start as low as $240,000, including the basic build-out of space. Borelli Investment Company will handle upgrades as needed. SBA financing — requiring only 10 percent down — is available through Mid-Peninsula Bank.

Ownership Advantages

Ringwood Business Center enables smaller businesses to take advantage of tax benefits to reduce the cost of buying.

“The combination of several of these tax benefits — IRC Section 179 deductions of up to $100,000, bonus first-year depreciation of as much as 50 percent, and an IRS-allowed accounting method known as cost segregation — can actually get some owners into their space on a tax-adjusted basis for free,” explained Borelli. “That’s a pretty rare opportunity these days.”

Borelli Investment Company also offers lease-to-own plans, which allow businesses to make purchase decisions months or years down the road, with a portion of the lease payments applied to the eventual down payment.

More information about the presale of business condominium space at Ringwood Business Center can be obtained by calling Borelli Investment Company at (408) 453-4700 and asking for Lynn Hawkins, or e-mailing lynn@borelli.com. A Broker Open House will be held on Thursday, November 18 from 11:30 a.m. to 1:30 p.m. at the business complex on Ringwood Court in San Jose.

Borelli Investment Company is one of the oldest commercial real estate firms in the Santa Clara Valley. The company provides a full range of commercial real estate services — from development and construction management to land sales and consulting for sales and leasing. More information about Borelli Investment Company’s services may be obtained by calling (408) 453-4700 or visiting www.borelli.com.

Contact: Ralph Borelli, CEO Borelli Investment Company 1770 Technology Dr. San Jose, CA 95110 Ph: 408.453.4700 Fax: 408.453.4636 E-mail: ralph@borelli.com http://www.borelli.com