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IMAKEMONEY  - posted
Adino Energy Corporation Files 10-KSB Annual Report

Apr 18, 2008 16:34:00 (ET)


HOUSTON, April 18, 2008 /PRNewswire-FirstCall via COMTEX/ -- Adino Energy Corporation (ADNY, Trade ) today filed its audited 2007 10-KSB annual report with the Securities and Exchange Commission (SEC).

Total revenue reported for the year was $1,967,813, up 159% compared to $760,313 one year ago. Net loss for 2007 improved by 69% to $(1,497,622), or $(0.03) per share, compared to net loss of $(4,817,315) or $(0.11) per share, in 2006. The annual report included restated figures for 2003 to 2006.

"We are extremely pleased Adino Energy Corporation filed its first 10-KSB with the SEC under our new ticker symbol -- ADNY," commented Timothy G. Byrd, Sr., Adino Energy Corporation's chief executive officer. "Not taking into account several non-cash items, our terminal operation stood on its own, finishing the year cash flow positive, with continued growth."

"The favorable settlement of the lawsuit last year cleared the way for the Company to effectively operate and grow, and we are extremely encouraged by these results. Demand for our services continues to grow as the price of fuel increases and customers are looking for a way to buy large quantities of fuel as a hedge against rising oil prices.

"We have already added a new truck rack at our subsidiary's terminal, Intercontinental Fuels, to offer greater simultaneous throughput, and 2007 also saw the addition of federally mandated ultra-low sulfur diesel facilities.

"I maintain our plan of corporate growth both organically and through complementary acquisition. To that end, important groundwork for phase two of our business plan to resell fuel has been accomplished during the past five months.

"I believe our operations will continue to grow during 2008 as we forge ahead with our new identity," Byrd concluded.

About Adino Energy Corporation, Inc.

Adino Energy Corporation (ADNY) is a wholesale fuel distributor and fuel terminal operator based in Houston, Texas. Adino Energy not only offers storage, delivery, and blending of diesel fuel, but also offers biodiesel to the growing "green" fuels market. Biodiesel is a clean burning, nontoxic, sulfur-free, and biodegradable alternative fuel for compression-ignition (diesel) engines made from animal fat or vegetable oil.

One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Adino Energy Corporation urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.


Media Relations:
Adino Energy Corporation
Steve Haag, Investor Relations
Houston, Texas
(281) 209-9800
shaag*adinoenergycorp.com


SOURCE Adino Energy Corporation, Inc.
 
IMAKEMONEY  - posted
Contact Information Business Description
Adino Energy Corp.
2500 City West Boulevard
Suite 300
Houston, TX 77042

Phone: 281-209–9800


Primary SIC — Industry Classification
1040 - Gold and Silver Ores
State Of Incorporation
MT
Jurisdiction Of Incorporation
USA
Company Officers
Timothy G. Byrd Sr., CEO, CFO

SEC Reporting Status
SEC Reporting Company
CIK
0000700815
Estimated Market Cap
5,449,865 as of Apr 18, 2008
Outstanding Shares
49,544,226 as of Apr 27, 2007
Number of Share Holders of Record
445 as of Apr 30, 2007
Company Notes
Formerly=Consolidated Medical Management, Inc. until 4-2008
Formerly=Golden Maple Mining & Leaching Co., Inc. until 5-98
Transfer Agent
Standard Transfer & Trust Company, Inc.
2980 South Rainbow Blvd.
Suite 220H
Las Vegas, NV 98146
 
IMAKEMONEY  - posted
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Adino Energy Announces New Intercontinental Fuels' Web Presence

May 12, 2008 16:54:00 (ET)


HOUSTON, May 12, 2008 /PRNewswire-FirstCall via COMTEX/ -- Adino Energy Corporation (ADNY, Trade ) today announced its wholly owned subsidiary, Intercontinental Fuels, LLC (IFL), has launched its newly redesigned website at http://www.ifl-usa.com .

"We are pleased to announce the successful launch of Intercontinental Fuels' new website, redesigned to help visitors better understand our terminalling operations and enhance their on-line experience," commented Timothy G. Byrd, Sr., Adino Energy Corporation's chief executive officer.

"We also have a new website under construction for Adino Energy, and I look forward to soon unveiling it to our shareholders and the general public.

"Management has been working diligently to execute its previously announced business strategies, and we remain committed to completion. I look forward to soon discussing new developments at the terminal, as well as within our corporate operations," Byrd concluded.

About Adino Energy Corporation, Inc.

Adino Energy Corporation (ADNY) is a wholesale fuel distributor and fuel terminal operator based in Houston, Texas. Adino Energy not only offers storage, delivery, and blending of diesel fuel, but also offers biodiesel to the growing "green" fuels market. Biodiesel is a clean burning, nontoxic, sulfur-free, and biodegradable alternative fuel for compression-ignition (diesel) engines made from animal fat or vegetable oil.

One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Adino Energy Corporation urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.


Media Relations:
Adino Energy Corporation
Steve Haag, Investor Relations
Houston, Texas
(281) 209-9800
shaag*adinoenergycorp.com


SOURCE Adino Energy Corporation, Inc.




http://www.ifl-usa.com
 
IMAKEMONEY  - posted
Adino Energy Announces $3M Storage and Throughput Contract

May 14, 2008 08:23:00 (ET)


HOUSTON, May 14, 2008 /PRNewswire-FirstCall via COMTEX/ -- Adino Energy Corporation (ADNY, Trade ) today announced its wholly owned subsidiary, Intercontinental Fuels, LLC, has received a new multi-year storage and throughput contract from a prominent domestic fuel distributor.

"This contract represents more than $3 million in potential revenue over the full three-year term," commented Timothy G. Byrd, Sr., Adino Energy Corporation's chief executive officer. "The name has been withheld at the customer's request."

The initial two-year contract allows for automatic renewal of a third year, and features guaranteed fuel throughput, storage, and additive minimums.

Intercontinental Fuels will provide storage, blending, and terminalling with expected monthly throughputs of approximately 50,000 barrels, or 2.1 million gallons, of low-sulfur #2 diesel per month.

"Adino Energy is filling a vital need to our customers for reliable, affordable, and geographically desirable fuel distribution points. Contracts of this nature are increasingly desirable for larger fuel consumers and distributors, and typically guarantee minimum throughputs to Intercontinental Fuels regardless of actual usage," Byrd concluded.

About Adino Energy Corporation, Inc.

Adino Energy Corporation (ADNY) is a wholesale fuel distributor and fuel terminal operator based in Houston, Texas. Adino Energy not only offers storage, delivery, and blending of diesel fuel, but also offers biodiesel to the growing "green" fuels market. Biodiesel is a clean burning, nontoxic, sulfur-free, and biodegradable alternative fuel for compression-ignition (diesel) engines made from animal fat or vegetable oil.

One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Adino Energy Corporation urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.

SOURCE Adino Energy Corporation
 
IMAKEMONEY  - posted
Adino Energy Announces 97% Increase in First Quarter Revenues

May 16, 2008 09:33:00 (ET)


HOUSTON, May 16, 2008 /PRNewswire-FirstCall via COMTEX/ -- Adino Energy Corporation (ADNY, Trade ) today commented on its unaudited results filed with the United States Securities and Exchange Commission for the first quarter of its fiscal year ended March 31, 2008.

Total revenue reported for the first quarter was $444,203, an increase of 97% from the first quarter of 2007. Net income for the quarter was $410,099, or $0.01 per share, up from a net loss of ($354,772) in the same period during 2007.

"We are extremely pleased with the significant growth in our fuel terminalling business as compared to last year," commented Timothy G. Byrd, Sr., Adino Energy's chief executive officer.

"In addition, the Company's gross margins increased from $191,336 for the first quarter 2007 to $352,939 this year, an 84% increase.

"As encouraging as our 2007 results were, when you factor in the recent $3 million storage and throughput contract to our current progress going forward, we believe our accelerating growth is sustainable for the foreseeable future," Byrd concluded.

About Adino Energy Corporation, Inc.

Adino Energy Corporation (ADNY) is a wholesale fuel distributor and fuel terminal operator based in Houston, Texas. Adino Energy not only offers storage, delivery, and blending of diesel fuel, but also offers biodiesel to the growing "green" fuels market. Biodiesel is a clean burning, nontoxic, sulfur-free, and biodegradable alternative fuel for compression-ignition (diesel) engines made from animal fat or vegetable oil.

One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Adino Energy Corporation urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.

SOURCE Adino Energy Corporation
 
MillerTIME  - posted
Hey IMAK - you still holding? Getting some nice high volume movement here and people are sounding the guns on the .20 break.
 
IMAKEMONEY  - posted
BEEN FLIPPING GOOD TO SEE YA MT. BEEN SOME GREAT RUNS IN THE PINKS.
 



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