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News Adino Energy Comments on Its 2008 Results of Operations

Adino Energy Comments on Its 2008 Results of Operations

HOUSTON, March 25 /PRNewswire-FirstCall/ -- Adino Energy Corporation (OTC Bulletin Board: ADNY) today commented on its fiscal year 2008 audited results of operations filed on Form 10-K March 17, 2009, with the United States Securities and Exchange Commission.

Total revenue reported for the year 2008 was $2,088,662, up 6% compared to $1,967,813 one year ago. Net loss for 2008 improved by 76% to $(546,424), or $(0.01) per share, compared to net loss of $(2,263,795) or $(0.5) per share, in 2007.

Intercontinental Fuels LLC (IFL), a wholly owned subsidiary of Adino Energy Corporation, secured a new contract with a third-party fuel additive provider, beginning in April 2008, and realized a decrease in product sales expense of $24,492, or 5%, for the period ended December 31, 2008, over 2007. Legal and professional expense was $500,183 at December 31, 2007, compared to $231,302 at December 31, 2008, a decrease of $268,881 or 54%.

At December 31, 2007, the Company had several stock payables for a total of 10,757,000 shares. These shares could not be issued, however, due to the Company's lack of authorized capital. At our annual meeting in January 2008, the Company's stockholders approved an increase in our authorized capital from 50 million shares to 500 million shares. In the second quarter of 2008, the Company issued stock to satisfy the outstanding stock payable amounts. The Company also issued stock to settle various accounts payable and accrued expenses in July and October, 2008. With these issuances, the Company experienced a loss of $159,963, due to changes in stock valuation. There was no corresponding activity for 2007.

"We are pleased Adino Energy Corporation has made significant steps during 2008 to advance our growth plans in the face of the world economic recession," commented Timothy G. Byrd, Sr., Adino Energy Corporation's chief executive officer.

"Although several financing avenues were available for our terminal's purchase last summer, some backed by leading investment banks, all withdrew last year as the nation's credit retracted; management pulled together literally a last minute deal, completing a lease with a first option to purchase for the next five years, scoring a big win for shareholders."

G. C. 'Sonny' Wooley, Adino Energy's board chairman, commented, "Securing the North Houston terminal during the recent financial meltdown demonstrated several important things about our company: we can safely 'weather' large fluctuations in the price of fuel, as throughput charges are not connected to the oft arbitrary price of oil; our management has proven resourceful in the face of adversity by completing a new terminal lease, with first option to buy, in only four days; and last year's terminal financing activities and global economic environment has unavoidably slowed corporate development plans temporarily since last year."

Byrd continued, "With the financial markets now beginning to stabilize, I am committed this year to completing our move to merchant resale of fuel. In addition, I expect our new relationship with Saphaera to not only widen our stock's audience, but to also gain access to Brazil's vast biofuel supplies.

"Finally, in parallel with these initiatives, the company remains committed to acquire other terminal properties as we identify appropriate opportunities together with sensible financing," 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.

DATASOURCE: Adino Energy Corporation

CONTACT: Steve Haag, Investor Relations of Adino Energy Corporation,

[phone],

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