Adino Energy Reports 35% Increase in First Quarter Revenues

HOUSTON, May 18 /PRNewswire-FirstCall/ -- Adino Energy Corporation (OTC Bulletin Board: ADNY) commented on its first quarter results filed today with the United States Securities and Exchange Commission.

In the first quarter of 2010, the Company experienced a revenue increase of $168,606, or 35% over the first quarter of 2009.  Revenue increased from $487,361 for the quarter ended March 31, 2009 to $655,967 for the quarter ended March 31, 2010.  The Company's main revenue source was its wholly owned subsidiary, Intercontinental Fuels, LLC (IFL).  IFL added two new customers in 2009, accounting for the increased terminal revenue in the latter part of 2009 and early 2010.  

"We continue to be very pleased with our slow, steady, yet significant revenue growth," commented Timothy G. Byrd, Sr., Adino Energy's chief executive officer. "Our business model has proven resilient, weathering the wild fluctuations over the past several years.

"Since 2007, we have cleaned-up the balance sheet and streamlined operations while simultaneously increasing customer revenues by emphasizing maximum utilization of our terminal's storage and throughput capacity.

"With IFL 'hitting-on-all-cylinders,' and the economy slowly improving, we are today poised to move ahead with projects I have been touching-on over the last year-and-a-half.

"I also want to thank our shareholders for their continuing support, and remind all that Adino's board and management are also stakeholders who daily strive to add shareholder value.  Although our work has only begun, and the path has at times been difficult, much has already been accomplished as today's revenue milestone reminds us," 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