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VFD Funding Group Retains
Municipal-Funding.com
The VFD Funding Group, owned by Will
Griffin of Pittsburgh, PA has decided to retain Municipal-Funding.com (
http://Municipal-Funding.com )
and not sell this web site and business to another large bank or finance
company. Several banks and finance companies voiced somewhat an interest,
however, nothing ever really seriously developed and Will Griffin really never
seriously or assertively attempted to sell the web site and business. If
Municipal-Funding.com is ever sold in the future, or offered for sale, it is
anticipated that it will be part of the sale of the entire VFD-Funding Group.
The reasons Municipal-Funding.com was removed from the market
were several.
The first reason was the web site will go through major
changes and robust developments immediately and in the near future. Mr. O.
Kheir, currently the senior associate in the VFD-Funding Group, will become the
general manager of this web site, which has other closely related web sites
including http://Lease-Program.com
and
http://Tax-Exempt-Leasing.com Some sections of these
web sites, such as equipment and school related, will be available to have
section links and traffic to be leased to other banks and funding sources,
because Griffin and his associates wish to send these directly to other funding
sources as marketing agreements only.
These three (3) web sites are part of the VFD-Funding Group,
which has a total of thirty-two (32) web sites, such as:
http://VFD-Funding.com,
http://New-Firetrucks.com,
http://Used-Firetrucks.com,
http://Firetruck-Dealers.com,
http://Fire-Trucks-Sale.com,
http://Used-Ambulance.com,
http://Firefighting-Equipment.biz,
http://911-Funding.com,
http://VFD-EMS.com,
http://VFD-Resources.com,
and
http://Volunteer-Firefighter.com just to name a few.
The second reason Will Griffin decided to keep
Municipal-Funding is that Mr. O. Kheir, along with Mr. T. Richard Wolcott, will
become minority partners in the newly forming VFD-Funding Group partnership in
2007, when Will Griffin divests himself of part of this cluster and morphs it
into a Florida-based partnership, rather than a proprietorship.
"I’m retired", asserts VFD Funding Group owner Will Griffin …
"I started all of this to help volunteer fire departments and to have something
to do for 20 hours per week, when I wasn’t enjoying the benefits of my AARP card
and playing music on the weekends". With 32 high-profile and high search engine
rankings web sites in the VFD-Funding Group, just the volume of traffic and
inquiries has made it necessary to promote Mr. Kheir and Mr. Wolcott as partners
in the newly divested VFD Funding Group. In other industries, Will Griffin also
owns seven (7) full service tropical-fish/pets web sites, three (3) full service
on-line music stores and
http://Order-Parts.com cluster just to mention a few
of his ventures.
The third reason Municipal-Funding will be kept and further
developed is the continued growth of inquiries and revenues. Each week at least
one (1) new inquiry and request arrives, which has commission profits more than
the asking price of the Municipal-Funding.com web site. As Mr. Kheir and Mr.
Wolcott said they would like to work these municipal infrastructure projects,
Will Griffin decided to keep the web site and make them partners.
As just one example, one of the banks, which had stated they
might have an interest in Municipal-Funding.com, has an ambition of financing $1
billion worth of projects annually. Recently Municipal-Funding.com had an
inquiry and request by a county in the northeast to consider helping assemble
the financing for $1.25 billion worth of projects. Thus, Will Griffin decided to
keep the web site and spin off the entire VFD-Funding cluster into a Florida
based partnership.
The final reason Will Griffin decided to keep the web site
and develop it further, was pure economics. "I just couldn’t get the price I was
looking for and as time went on we were getting projects that made me more money
that week than I would have made selling the web site". "The thing took on a
life of its own and was growing to be worth more by multiples each and every
week." Griffin says shaking his head. "How do you sell something like that
dirt-cheap to your competitors?".
In stating his reasons for even tentively considering selling
Municipal-Funding.com, Griffin always maintained, "I wanted to get rid of it and
focus just on the emergency services … But, if Kheir and Wolcott want to do this
and focus on these projects, then I’ll not only let them, I’ll make them
partners and still make more money than had I sold the web site".
Griffin also acknowledged, "If you sell a web site that is
worth generating you a potential of about $50M a year in gross profits for only
a half a million or so, then folks will either think something is either wrong
with the web site, or there is something wrong with you; and there is nothing
wrong with either of us, except I got a little tired, until my old friends and
partners decided to come out of retirement too". With the newly forming
partnership, it is anticipated that the growth in the number of support staff
will increase commensurately to what has been explosive growth of the VFD-Funding
Group.
During the time Municipal-Funding was somewhat on the market,
Griffin was also giving some of the banks and finance companies, who voiced an
interest in acquiring Municipal-Funding, a preference and priority on financing
a wide range of the emergency projects, to show the potentials and the value of
the Municipal-Funding.com web site and its high search engine rankings. Now that
the web site will be kept and further developed, as an integral part of the VFD-Funding
Group, its search engines rankings and value will only increase as it and other
web sites in the group diminish and lower the rankings and value of the web
sites owned by other banks and finance companies for searches on "municipal
funding".
An example of what can be anticipated in the near future in
the municipal funding industry is how VFD-Funding.com itself ranks in most of
the top 10 positions for searches on the keywords VFD funding" in all of the
major search engines. Many of the VFD-Funding Group’s competitors are currently
in serious difficulties, by having to spend significantly more money advertising
at a time they are losing many major projects and sales to the VFD-Funding
Group. Those not looking to form strategic alliances and strategic marketing
agreements will find it mission critical and survival necessary to do so.
By removing Municipal-Funding.com from the market, bids for
financing the emergency services and the general municipal infrastructure
projects will once again become far more competitive and to the benefit of the
fire & EMS departments. Helping volunteer, combined fire departments and EMS
companies and struggling municipalities is the mission of the VFD-Funding Group
and was the reason it was created.
Griffin determined that with Kheir and Wolcott taking on more
of the efforts and having a profit sharing motives, as partners, in addition to
earnings from the projects they work, will increase the overall endeavors, while
significantly reducing Griffin’s need to work so diligently. Also, as much has
already been developed and is moving forward, the efforts required by Griffin
are being reduced. Instead of the 20 hours per week part-time retirement
project, Will Griffin has worked day and night for usually 20 hours/week and 7
days per week in developing the VFD-Funding Group, which included acquiring 32
web sites and personally developing each one of these web sites and then working
to have them rank at the very top, in several positions, in all of the major
search engines for various keyword searches.
Mr. Kheir and Mr. Wolcott are also developing their financing
contacts and resources and bringing these to the table, to help expand the
amount of projects the new partnership will be able to do and manage, once the
new partnership is formed in Florida in 2007. Will Griffin, O. Kheir, and T.
Richard Wolcott are by no means strangers to each other, as they have been
friends and business partners on various ventures for over twenty years as
pioneers of both the PC revolution and the internet/web revolution. Thus, the
new partnership will be like a group of old-young retirees (only around age 50)
getting together to put the band back together again.
The new partnership will also do more
internal funding of projects, using tax-exempt lease agreements for helping fire
departments acquire fire trucks and equipment. Mr. Kheir states, "Griffy has
been doing a lot of this on his own with some of these fire trucks, because he
is selling them also, thus he is just holding the note". The new partnership,
using more of the Municipal-Funding revenues and their part of tax-exempt
leases, will then do more to internally do the financing for many of the fire
trucks. As new investors and funding sources begin to participate with the VFD-Funding
Group, the partnership is looking for a suitable bank to house their assets and
to help manage some of these investments. They are looking to expand the support
staff as well.
With new developments, fire trucks dealers, funding sources
and other news, the VFD-Funding Group will be making other and further exciting
announcements in the very near future.
About VFD-Funding Group: Started as a "retirement projects"
in 2005 by William T. Griffin to help volunteer fire departments with grants and
other funding needs, to continue to use his skills and experiences as an
entrepreneur, administrator, and as one of the pioneers in the PC and
internet/web revolution. Currently the VFD-Funding Group enjoys ownership of
thirty-two (32) high profile, high search-engine ranking and high volume of
visitor traffic in the fire, EMS, 911, police and general municipal funding
industries.
About Will Griffin, Ed.D:
Former owner of the Griffin Group and International-Staffing of Nashville, TN.
Retired and relocated at age 50 back to his original hometown of Pittsburgh, PA
in late 2004. One of the pioneers in the PC revolution and remains a programmer,
entrepreneur, IBM Preferred Solutions Provider, and Microsoft Certified Partner.
Worked in various industries as a consultant for over 25 years, per
administration, marketing and computers. Some of these industries included:
computer, banking/finance, music, travel/leisure, real estate, education,
recruiting/staffing, public safety, legal and government. Recipient of multiple
awards and recognitions. Member of various volunteer fire departments since age
16 and after 34 years of service has held numerous offices in volunteer fire
departments, except as fire chief, only because he would never run or campaign
for the position. Full resume found at
http://willgriffin.net/bgbio.htm.
About O. Kheir: Founder of
Nashville Micro at the beginning of the PC revolution. Cover story of
Entrepreneur Magazine and other I.T. related publications. LAN/WAN Administrator
of the Sixth District Federal Reserve Bank in Atlanta during the mid 1990’s.
Initiated the on-line university studies program for Rochester College. Computer
consultant to Cornell University. Retired to Daytona Beach, FL in 2003 to also
sell real estate and consult on municipal and real estate development projects.
Joined Will Griffin again, as a senior associate in the VFD-Funding Group, in
March 2006.
About T. Richard Wolcott: Senior associate and
vice president to Will Griffin in the Griffin Group from 1989 until 2003.
Retired to Tampa, FL in 2003. Joined the VFD-Funding Group in June 2006 to help
with fire department financing and fundraising endeavors.
For more information, visit
http://VFD-Funding.com
and review the company news or contact O. Kheir at
386-527-8492.
Last modified:
June 06, 2007
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