The club was formed in early part of 1999[1] by owner a local company "Adoms"[2] Kostiantyn Turkin and Dmytro Oleksiinko.
[1] For its first season the team participated in second round of Poltava Oblast Championship replacing Budivelnyk Shyshaky.
[4][5] Matchday programme by Avanhard Rovenky stated that Adoms only drew with Psel Hadiach and won all their matches, while not conceding any goals.
This forced the owners to dismiss Hryhoriy Chychykov before the match with Avanhard Rovenky held on 22 August 1999.
[1][10] Club President Kostiantyn Turkin also made 2 appearances as a substitute, playing for 12 minutes in league and cup.
[12] In April 2000 first vice-mayor of Kremenchuk Anatolii Byshenko was charged with corruption for giving Adoms clause of the contract that guaranteed them certain benefits.
[15] On 28 March 2003 Ukrainian government sanctioned "Newport Management LTD" of British Virgin Islands for not paying $100,000 to Adoms.
[18] The team played at the Polytechnic Stadium[1] all their Second League home games sharing the ground with FC Kremin Kremenchuk.