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 SRU Teams with Pittsburgh BusinessTimes for 'Success Starts Here' Series 

 

SPOTLIGHT

10/12/2006

Contact: K.E. Schwab  -- 724-738-2199;  e-mail: karl.schwab@sru.edu

 SRU TEAMS WITH PITTSBURGH BUSINESSTIMES FOR ‘SUCCESS STARTS HERE’ SERIES

     SLIPPERY ROCK, Pa. –  Slippery Rock University’s new “Pittsburgh BusinessTimes Speaker Series  -- Success Starts Here” kicks off Oct. 24 with Pittsburgh business leaders offering advice designed to encourage and motivate students and graduates to remain in western Pennsylvania and contribute to the local economy.

     Paul and Lisa Scarmazzi, developers and managers of lifestyle condominium communities, south of Pittsburgh, open the public series Oct. 24 in SRU’s Eisenberg Classroom Building. The second lecture in the on-going program will feature Ron Muhlenkamp, founder of Muhlenkamp & Co., a Wexford-based investment management firm, on Nov. 16. Both lectures will be at 12:30 p.m. in SRU’s Eisenberg Classroom Building.

     “Those attending will glean information about how others’ have succeeded locally,” says Dr. Bruce Russell, dean of SRU’s College of Business, Information and Social Sciences. “We hope by seeing models of others success, our students and those who have graduated from SRU, or other regional colleges, as well as others in the community will make use of the information – applying it to ideas they may have for opening or operating a successful business in the regional community – including Slippery Rock and Butler County.”

     The project is being undertaken by SRU’s School of Business in partnership with the Pittsburgh BusinessTimes and its “Top 100 Growth Firms” success story series. “By making use of the success of local companies, we will show participants the road to success – including the potholes,” says Russell, adding his thanks to the regional business publication for spotlighting the success and growth or regional firms. He explains companies selected by the newspaper represent a diverse group. The BusinessTimes reports the combined revenues of this year’s Pittsburgh 100 is almost $3 billion, and that the firms employ nearly 12,000 in the region. SRU’s School of Business, as a sponsor of the project, is working with leaders at the top firms in the various categories selected by the newspaper.

      The Scarmazzi’s were selected as a leader in the “Real Estate/Construction/Development” category for their project which sold out its first condominium complex and is 85 percent sold on its second. A third is under way.

     Hawthorne Partners is headed by Scarmazzi, who explains his developments are for a mature, but active, audience. The 1,400- to 2,000-square feet units in the $170,000 to $200,000 price range, offer opportunities for social interaction and recreational activities with what is called “carefree living.”

     In a BusinessTimes story he pointed out, “I saw an unmet need in the market. Allegheny County has one of the oldest population in the country. That wasn’t a gut check; it was backed up by facts. There was a market for the type of home and lifestyle we offer.”

     Muhlenkamp, a longtime investment and mutual fund manager, told the newspaper he want to share his formula for getting rich. To that end, he said, “It’s easy…the first thing you do is to get a job and only spend half of what you make. Then you save or invest the rest. The problem is most people can’t resist spending the other half.”

     His lecture will detail ways of keeping the customer satisfied and how important it may be for a new company to diverge with public opinion. He’ll also explain how he uses his stomach to often lead his head in selecting  investment opportunities.

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Top100Series.doc

 

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