Adino Energy Announces 97% Increase in First Quarter Revenues

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May 16, 2008

HOUSTON, May 16 /PRNewswire-FirstCall/ — Adino Energy Corporation (BULLETIN BOARD: ADNY) 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.
Adino Energy Corporation