BlueFire Equipment Corp (BLFR) Executes a Combination Agreement with Ram Cap, LLC. Obtaining a $30 Million Line of Credit and 10 Cash Deposit Secured LOIs Valued at Approximately $209 Million to be Merged within 2024 Starting in Q2 - Seite 2

Companies being Merged and Values (separate from prior announced acquisitions in progress):

Company Focus

Value

Merger Timeline

Construction Equipment & Real Estate*

$47,000,0000

Q2 2024

Manufacturing, Service, Property & Real Estate*

$44,000,000

Q2/Q3 2024

Property & Real Estate*

$16,500,000

Q2/Q3/Q4 2024

Equipment/Tool Rental*

$27,774,299

Q3 2024

Well Service*

$72,300,000

Q3/Q4 2024

Well Service and Rental*

$14,700,000

Q3/Q4 2024

Aviation*

$3,500,000

Q4 2024

Health Safety*

$12,500,000

Q4 2024

Plugging and Abandonment*

$3,500,000

Q4 2024

Trucking*

$14,200,000

Q4 2024

*The companies are under a Confidentiality Agreement until closed and merged.

About Dr. D. Rene Ramirez:

Dr. Ramirez received his Doctor of Pharmacy degree from Texas Tech University Health Sciences Center. Prior to attending pharmacy school, Dr. Ramirez was a third-generation oil & gas employee experienced in Oil Production, Well Servicing, Fluid Services, Pipeline Maintenance, Dirt Work/Construction, Refinery and Gas Plant Maintenance, and Hydrovac/Hydro Excavation. Dr. Ramirez was also a Certified Safety, Health, & Environmental Instructor, an Accident Investigator, and a First Aid, CPR, and Basic Life Support Instructor. As a pharmacist, Dr. Ramirez has specialized in Healthcare IT, Data Transmission, Collection, and Analysis, Employee Benefits, Insurance, Pharmacy Construction and Workflow Design, and Third-Party Administration specializing in Federal Compliance and Insurance Processing.