SOURCE: Regions Oil & Gas

January 30, 2008 17:20 ET

Regions Oil & Gas Continues Its Transformation

DALLAS, TX--(Marketwire - January 30, 2008) - Regions Oil and Gas (PINKSHEETS: RGNO) continues its transformation today. On the heels of its acquisition of American Energy Savers, Inc., the company announces a name change to American Green Group, Inc. (AGG) along with its new President, Johnny A. Cangiano, and COO/ Secretary Terry M. Mixon. Both were also appointed to the Board of Directors.

Rick Papaleo, who has resigned as interim President and from the Board of Directors, will remain in a consulting capacity. Mel Rich has resigned from the Board of Directors and will continue as President of Central Park Worldwide Events.

Johnny Cangiano, age 47, has successfully operated an insulation and green energy saving company for the past 22 years. Terry Mixon spent 20 years in management in the oil industry and successfully led several acquisitions and mergers to completion. Mr. Mixon started SteadFast Custom Linings in 1999 that is recognized in the coating industry through its vehicle applications and various applications commercially and for the military. He sold the business in 2006 and joined American Energy Savers, Inc. in 2007.

The company is working on a new website, www.amgreengroup.com, which it expects to launch by February 8.

Current management is working with former management on getting accurate financial information as well as an accurate accounting of all assets. As former management deemed it necessary for a change; they are working very closely with current management to make the transition as smooth and successful as possible.

American Energy Savers is a family owned and operated business that prides itself on customer satisfaction. Since 1985, AGG has offered its customers cutting edge products with superior workmanship. AGG 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. AGG has dedicated itself to providing its customers with outstanding products and excellent service.

Central Park North Worldwide Events has a simple concept to develop a consortium of Independent Worldwide Event promoters with services that will include Live Events, Social Networking, Merchandising, Production Event Films and Live Music CD's for global distribution. Our mission is to develop partnerships with Independent Event Promoters and build our "Umbrella Network" where Independent Event Promoters will present projects to us and we will co-promote and participate as an Executive Producer of the events. Our development plan is moving forward and along with our Net and Social Networking partners we are on the cutting edge of the new generation of Live Events, Merchandising, Event Production and Worldwide Marketing.

The company's "State of the Company," which will include a Balance Sheet and a list of Assets with details regarding the assets, is scheduled for release the week of February 4.

About AES Group, Inc.

The company 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.

Disclaimer:

Statements released by Regions Oil and Gas, 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.

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