Java Timer and Thread

package com.java.myapp;

import java.util.Calendar;
import java.util.Timer;
import java.util.TimerTask;


public class MyClass {

	  public static void main(String args[]) {
			Timer myTimer;
			myTimer = new Timer();

			myTimer.schedule(new TimerTask() {
				public void run() {
					
					Calendar c = Calendar.getInstance();
					String threadItem = c.getTime().toString();
					
					startProgress(threadItem);
				}
			}, 0, 10000);
			
	   }
	  
		public static void startProgress(final String sItem) {

			Runnable runnable = new Runnable() {

				public void run() {

					for (int i = 0; i <= 5; i++) {
						final int value = i;
						try {
							Thread.sleep(1000);
						} catch (InterruptedException e) {
							e.printStackTrace();
						}
						System.out.println("Thread time [" + sItem + "] (value = " + value + " )");
					}
				}
			};
			new Thread(runnable).start();
		}
	
}