VFD Funding to Spin Off Fire Truck and Ambulance Sales to Form Two New Additional Companies.

VFD-Funding Group will soon begin the process of splitting off the new & used fire truck sales and the Ambulance/EMS business to form two new companies. The change has come as the result of the explosive growth in all areas including financing, fire apparatus/equipment sales, and ambulance/EMS related sales. VFD Funding Group will retain a total of twenty-two (22) web sites, which relate to financing and general fire department services, which will include: VFD-EMS.com, Fire-Stations.net, VFD-Resources.com and Volunteer-Firefighter.com

For the firefighting apparatus and equipment sales, a new company, Will Griffin Fire, will be created and the existing web site will become the flagship web site for all twenty (20) of the existing web sites relating to fire apparatus and equipment sales. Will Griffin Fire will also participate with subcontractors to build various models of firefighting apparatus and sales will be on a global basis.

For the ambulance and equipment sales, another new company EMS-Equipment will have a total of five (5) web sites such as New-Ambulances.com, Used-Ambulance.com and EMS-Supplies.biz. A manager to administer the day to day operations is now being sought.

The new companies will be chartered out of the State of Florida and the completion of this process is to be on or before September 1, 2007. Each will have a similar theme to their web sites, but each will have characteristics which will help to define which of the three companies is the owner and operator of the web sites. All web sites will remain under the same hosting plan/service and will receive the same web site development support.

Although there may be three (3) companies, the web sites for each will continue to link to and support each other. Additional companies and web sites may be acquired and developed by each of the three companies and this is anticipated to occur. VFD Funding Group will provide all financing and financial support for the two (2) newly formed companies.

The reason for this business decision was predicated upon the massive and rapid growth each of the web sites are now producing on a global basis. Additionally, as all of the web sites are now beginning to rank high in the search engines, proprietary methodologies to cause these sites to rank higher, have been initiated and it is anticipated that more growth will continue to occur.

During the past year, VFD Funding Group has dropped several used fire truck dealers and manufacturers, and substituted these with smaller companies, who are providing better prices and apparatus. Likewise, the strategic alliance agreements with several smaller finance companies were let to expire without renewal. The strategy was developed and adopted to get fire departments the best price for their used apparatus, while making new apparatus and the financing of these to be more affordable and reliable. VFD-Funding Group also pursued global sales and financing opportunities, which developed.

In explaining the changes and expansion, VFD Funding Group owner Will Griffin states: "There are some competitor companies who have hated us, when we tried to openly and honestly work deals with them. Some even got smart beyond wisdom. Now that we've formed alliances with several new manufacturers, international banks, we've cut our fees across the board to 1/2 of what almost all others charge, and now adding our next phase to dominate the on-line fire truck, ambulance, and equipment sales and financing, market; I almost feel sorry for some of our competitors and those who have chosen to be competitors, rather than those with whom we cooperate. Certainly as we are forming other strategic alliances and in order to compete with us now, some of our current competitors will have to increase their costs, while also reducing their fees lower than ours. Some of these companies, although around for years, may be acquired by us within the next year or so."

The new fire truck sales business will be managed through the promotion of VFD-Funding Group staff, who administer the listing and selling of new and used apparatus, however, strategic alliance agreements with manufacturers will still be negotiated by Will Griffin and the VFD Funding Group. A nation-wide recruitment for a manager and staff for EMS-Equipment will be launched in the very near future.

For more information, please contact: Mr. O. Kheir, VP-Business Development