SOURCE: American Green Group, Inc.

February 27, 2008 08:30 ET

American Green Group Announces New Stock Symbol and Reverse Stock Split

DALLAS, TX--(Marketwire - February 27, 2008) - American Green Group, Inc., formerly Regions Oil and Gas (PINKSHEETS: RGNO) (the "Company") announced today that effective February 27, 2008, the Company will have a new trading symbol for its common stock on the Pink Sheets which will be "AMGG"(PINKSHEETS: AMGG). In addition, the Company is announcing a 500:1 reverse stock split of its common stock, with fractional shares being paid in cash, effective on the same date.

About American Green Group, Inc.

American Green Group, Inc. is a holding company with a strategy seeking to aggregate various business models to operate and enhance for sale or to participate in its subsidiaries becoming fully reporting companies and move to the OTCBB.

In January, the Company acquired American Energy Savers ("AES") of New Haven, CT, a family owned and operated business that prides itself on customer satisfaction. Since 1985, AES has offered its customers cutting edge products with superior workmanship. AES is one of the leading contractors for the state of Connecticut's energy conservation programs and has also participated in many projects for Yale School of Architecture. It has contracts with projected revenues exceeding 2 million dollars with an expectation of a 20% increase over 2007.

Disclaimer:

Statements released by American Green Group, Inc. that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental and technological factors. The company does not undertake any responsibility to update the forward-looking statements contained in this release.

Contact Information

  • Contact:
    Regions Oil & Gas, Inc.
    Ph: 203-467-6157