stock & financial message boards
  Joined Today: 6

  Login  |  Registration |  Site Map  |  Stock Market Blogs reaching thousands of users every day  |  Recent Activity  |    |

« Previous | Next » | All Messages |  ADNY Message Board Home | recommend post |  Ignore Poster

Message #3
From: TheMachine
Date: March 8, 2008 01:49:28 AM

CMMI Announces Shareholders' Proxy Vote Results


- Company changes name to Adino Energy Corporation -

HOUSTON, Jan. 31 /PRNewswire-FirstCall/ -- Consolidated Medical Management, Inc. (OTC Bulletin Board: CMMI) today announced the results of its proxy vote held on January 30, 2008, at its annual meeting of shareholders.

CMMI shareholders of record on January 3, 2008, voted on four proposals at the annual meeting including the 1) election of directors, 2) increase of the Company's authorized capital from 50,000,000 to 500,000,000, 3) renaming of the Company to Adino Energy Corporation, and 4) redomiciling the company in the State of Wyoming.

After a quorum of shareholders was verified, votes where tabulated resulting in the re-election of Mr. Timothy G. Byrd, Sr., Mr. Sonny Wooley, and Ms. Peggy Behrens as directors of the Company with all receiving 74% of the affirmative vote. In addition, shareholders voted to increase the amount of shares the company is authorized to issue, passing by 72%, and the proposal to rename the company to Adino Energy Corporation passed with 75% in favor. Finally, the proposal to redomicile the corporation in Wyoming did not pass; therefore, the company will remain a Montana corporation.

'This is a pivotal day for CMMI and its shareholders,' commented Timothy G. Byrd, Sr., Consolidated Medical Management's chief executive officer. 'I believe the overwhelming passage of these proposals reflects investors' sentiment regarding the energy sector in general, and specifically the importance of the Company's indispensable services in the downstream energy sector including the storage, distribution, blending, and terminalling of fuel.

'Our new name, Adino Energy Corporation, more closely reflects our current operations and we remain committed to expansion both organically and through mergers and acquisitions of additional fuel terminals and other complementary downstream fuel distribution operations. We currently are reviewing several targets, and also intend to soon complete the second phase of our business plan, the wholesale buying and reselling of fuel,' Byrd concluded.

About Consolidated Medical Management, Inc.

Consolidated Medical Management, Inc. (CMMI) is a wholesale fuel distributor and fuel terminal operator based in Houston, Texas. CMMI not only offers storage, delivery, and blending of petroleum products such as gasoline and 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. Consolidated Medical Management, Inc., urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.

SOURCE Consolidated Medical Management, Inc.


Source: PR Newswire (January 31, 2008 - 12:15 PM EST)

News by QuoteMedia
www.quotemedia.com

« Previous | Next » | All Messages |  ADNY Message Board Home | Ignore Poster