SOURCE: Bluefire Ethanol, Inc.

December 19, 2006 09:00 ET

BlueFire Files Form 10-SB With the SEC to Become a Fully Reporting Company

Company to Seek an Immediate Listing on the Bulletin Board, While Preparing for a Listing on a National Exchange in 2007

IRVINE, CA -- (MARKET WIRE) -- December 19, 2006 -- BlueFire Ethanol, Inc.'s (PINKSHEETS: BFRE) CEO and President Arnold R. Klann announced today that it has filed with the U.S. Securities and Exchange Commission a Form 10-SB to become a fully reporting company. The filing of the Form 10-SB will meet the reporting requirements to list the Company's common stock on the Over the Counter Bulletin Board ("OTCBB") quotation system, and is the first step in the Company's goal of listing on a national exchange during 2007.

Commenting on this announcement, Arnold Klann stated, "BlueFire believes that becoming a fully reporting company and the listing of its shares on the OTCBB will enhance investor confidence and interest, as well as assist in making our stock more attractive to institutional investors. Upgrading the Company's reporting status and current listing status is an important milestone in our business plan to deploy cellulose to ethanol technology in North America." Mr. Klann added that, "Our next goal is to work rapidly towards meeting eligibility requirements for joining a national trading market to continue to grow the Company and enhance shareholders' value.''

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About Us:

BlueFire Ethanol, Inc. is established to deploy the commercially ready, patented, and proven Arkenol Technology Process for the profitable conversion of cellulosic ("Green Waste") waste materials to ethanol, a viable alternative to gasoline. BlueFire's use of the Arkenol Process Technology positions it as the only cellulose-to-ethanol company worldwide with demonstrated production of ethanol from urban trash (post-sorted MSW), rice and wheat straws, wood waste and other agricultural residues. Our goal is to develop and operate high-value carbohydrate-based transportation fuel production facilities worldwide. These "biorefineries" will convert widely available, inexpensive, organic materials such as agricultural residues, high-content biomass crops, wood residues, and cellulose from MSW into ethanol. BlueFire intends to build a multinational company that leads the world in producing biobased transportation fuels. Its business will encompass development activities leading to the construction and long-term operation of production facilities while maintaining technological advantage and ownership of the process technology and all its improvements. Ethanol will be produced from biorefinery facilities opportunistically constructed on or near landfills, waste collection and waste separation sites. Each facility will deploy the proprietary technology, which uses all cellulosic waste materials traditionally disposed of in landfills as feedstock.


Statements about BlueFire Ethanol, Inc.'s expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. BlueFire's actual results could differ materially from expected results. BlueFire undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release; BlueFire will appropriately inform the public.

Contact Information

  • Investment Banker:
    Tom Rubin
    Westcap Securities, Inc.
    18201 Von Karman Ave. Suite 550
    Irvine, CA 92612

    Investor Relations Contact:
    Gerald Kieft or Ryan Audin
    Wall Street Resources, Inc.
    2646 SW Mapp Road, Suite 303
    Palm City, Florida 34990