Saturday, April 03, 2010 1:49:35 PM
The Company will continue to focus on its primary business plan of identifying and purchasing or operating under-performing or non-performing terminal assets. With the success of the IFL terminal, Adino has proven its expertise and proficiency at taking terminal assets, re-permitting and re-licensing the facilities, installing technologically advanced equipment and outsourcing everyday operations. This approach allows us to concentrate on bringing on customers and revenues, producing positive cash flow and property value enhancement.
At the current facility, IFL is focusing on the wholesale diesel market and subsequently intends to expand into gasoline. As more wholesalers (jobbers) are delivering from rack to customer, the location and availability of product is very important to overall profitability. IFL negates the need for distributors in North Houston to store fuel. Consequently, they concentrate on just-in-time deliveries to their customers and therefore minimize their overall transportation costs.
IFL also intends to become a merchant fuel supplier to specifically provide fuel inventories to its existing customer base. This will complete the value-added service strategy to our customers as laid out in the Company’s mission statement. Management believes this will significantly enhance the revenues and profits of each terminal.
The Company is also poised to capture the growing alternative fuels and biodiesel market using its present distribution and blending infrastructure. Biodiesel is a domestic, renewable fuel for diesel engines derived from natural oils like soybean oil. Biodiesel can be used in any concentration with petroleum based diesel fuel in existing diesel engines with little or no modification, and is produced (refined) by a chemical process that removes glycerin from the oil.
With the “greening” of America and the world’s push for renewable and sustainable fuels, Adino will aggressively seek opportunities that involve existing or new technologies that can replace traditional carbon footprints. This will be accomplished through strategic partnerships.
The Company also intends to explore opportunities created for “green” companies under the stimulus bill recently signed into law.
To accomplish future growth, the Company is exploring listing on one or more foreign stock exchanges in order to augment our ability to raise capital.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7157919-1196-168611&type=sect&dcn=0001144204-10-017207
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