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| 8-K - ADINO ENERGY CORP | v209882_8k.htm |
Media
Relations
Adino
Energy Corporation
Steve
Haag, M.Ed., Investor Relations
2500
CityWest, Suite 300
Houston,
Texas 77042
(281)
209-9800
shaag@adinoenergycorp.com
ADINO
ENERGY CORPORATION NAMES CHIEF FINANCIAL OFFICER
Company
accelerating expansion into O&G exploration and production
HOUSTON,
January 31, 2011 -- Adino Energy Corporation (OTCBB: ADNY) today announced it
has named Mr. Shannon W. McAdams, CFA as the company’s Chief Financial Officer
reflecting Adino Energy’s new focus on oil and gas exploration and
production.
Timothy
G. Byrd, Sr., Adino Energy's Chief Executive Officer, commented “Mr. McAdams
brings a depth of transactional and capital markets expertise that will be
critical as we transition our businesses and enter a rapid growth phase. I
personally recruited Shannon for the CFO position and I am very pleased that he
has agreed to join the Adino team."
A long
time advisor to the Company, Mr. McAdams brings 14 years of investment banking
and principal investor experience. His background includes energy industry
transactional and financial advisory work, transaction negotiation and
structuring, due diligence and strategic & commercial advice. Prior to
joining Adino Energy, Mr. McAdams was a Director at Galway Group where he
advised clients on E&P, mid-stream and petroleum distribution transactions
as well as LNG and geothermal projects. Previously, he was with JPMorgan Chase
& Co where he worked in investment banking and later as a buy-side equity
analyst. Mr. McAdams is a former U.S. Army Officer and a Chartered Financial
Analyst (CFA). He earned his M.B.A. (with honors) from Tulane University, with
concentrations in Finance and Entrepreneurship, and a B.S. in Interdisciplinary
Finance from the University of Alabama where he was a Distinguished Military
Graduate.
"As we
continue drilling and enhancing our West Texas oil field prospects, including
the drilling and development of the Leonard lease, Shannon will focus on Adino’s
transactional initiatives, corporate finance and capital raising activities. He
will be a key link to the investment community, ensuring that investors
recognize and understand the value that we are creating for shareholders," Byrd
concluded.
Chairman
Sonny Wooley, a thirty-year veteran of the oil & gas industry commented,
“The Board of Directors and management team appreciate the excellent work that
Shannon has done for us as we acquired and integrated our exploration and
production assets. We look forward to his continued contributions and
leadership."
About
Adino Energy Corporation, Inc.
Adino
Energy Corporation (OTC.BB:ADNY - News) is an emerging
oil & gas exploration and production company focused on mature oilfield
assets with significant redevelopment, workover and enhanced oil recovery (EOR)
potential. The Company also owns a fuel terminal operation in the Houston, TX
area. For more information, please visit www.adinoenergycorp.com.
Forward-looking
Statements
Statements
made in this news release relating to Adino's future production, expenses and
future capital projects and expenditures, and all other statements except
statements of historical fact, are forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These statements are based on assumptions and estimates
that management believes are reasonable based on currently available
information; however, management's assumptions and the Company's future
performance are both subject to a wide range of business risks and uncertainties
and there is no assurance that these goals and projections can or will be met.
Any number of factors could cause actual results to differ materially from those
in the forward-looking statements. Further information on risks and
uncertainties that may affect the Company's operations and financial
performance, and the forward-looking statements made herein, is available in the
Company's filings with the Securities and Exchange Commission, which are
incorporated by reference as though fully set forth herein.