HOUSTON, Oct. 2 /PRNewswire-FirstCall/ -- Adino Energy Corporation (OTC Bulletin Board: ADNY) announced that its wholly owned subsidiary, Intercontinental Fuels, LLC ('IFL'), has secured a new lease with Lone Star Fuel Storage and Transfer, LLC for the North Houston terminal it currently operates.

On September 26, 2008, IFL assigned its rights and obligations under the purchase agreement with 17617 Aldine Westfield Road LLC ('Purchase Agreement') to Lone Star Fuel Storage and Transfer LLC ('Lone Star'). The Purchase Agreement allowed IFL to acquire IFL's fuel terminal for $3.55 million. Lone Star completed its purchase of the terminal October 1, 2008.

On September 30, 2008, IFL signed a five-year lease with Lone Star for the terminal for $30,000 per month in rent. The lease commences on October 1, 2008. The lease gives IFL the option to acquire the terminal at any time during the lease.

'This is a huge 'win' for the company and its shareholders,' commented Timothy G. Byrd, Sr., Adino Energy Corporation's chief executive officer. 'After a thorough search of financing options, the present lending crisis has all but shut down most desirable options. However, as is our standard practice, we left no option unexplored resulting in not only securing a five-year lease for the terminal, but the option to purchase it at anytime.

'In spite of the economic trouble in the credit markets, we believe Lone Star's investment in the terminal illustrates the strength of the current energy market and the willingness of private investment to fuel its growth.

'We intend to move forward with our stated business strategies, including further terminal acquisitions and merchant fuel sales,' 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

Source: PR Newswire (October 2, 2008 - 11:43 AM EDT)

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