BlueFire Equipment Corp (BLFR) Executes Company Restructure to Optimize Current Operations and Facilitate Planned Acquisitions within 2024 to Become a Full Energy Holding Brand

SAN ANTONIO, TX / ACCESSWIRE / March 25, 2024 / BlueFire Equipment Corp. (OTC Pink:BLFR) ("BLFR" or the "Company"), a specialist in emerging industry acquisitions, today announces the execution of its restructure to optimize current operations and facilitate planned acquisitions within 2024 to become a full energy holding brand after executing February 28, 2024, Contribution Agreement (the "Agreement").

Company Restructure:

After a few weeks of due diligence pursuant to the Agreement, management has decided that immediate changes needed to be made to catapult the Company on the rapid trajectory ahead. As of March 25, 2024, all members within Screaming Eagle Partners, LLC. ("SEP"), including Kirk Yariger, Casey Kulhanek, Jonas Crafts, John Taylor, Jay Meadors and Tim Loposer have been terminated. Any of the aforementioned terminated individuals have no right to represent or negotiate on the behalf of the Company on any entities associated with SEP.

Any vendors, consultants, or contracted associates of SEP must submit contracts they may have, directly to the Company's Interim CEO, Nickolas S. Tabraue, within 14 days, in order to review validity of such contracts/agreements during the Company's 90-day due diligence period pursuant to the Agreement.

With SEP restructured, the Company can immediately initiate its strategy to optimize and increase production within SEP's 90% managing interest in Screaming Eagle BNR JV, LLC.

Furthermore, Matthew Goldston has been terminated as the Company's CFO due to the association with aforementioned terminated individuals, and lack of timely providing/reporting requested corporate information after committing to do so.

2024 Planned Acquisitions:

The Company is still on schedule on its cash deposit secured LOIs to be acquired within 2024, with its initial acquisition slated for Q2 2024.

Companies being merged and approximate value:

Company Focus	Value	Merger Timeline
Construction Equipment & Real Estate*	$47,000,0000	Q2 2024
Manufacturing, Service, Property & Real Estate*	$44,000,000