Regions Oil & Gas Unveils Plans
Monday January 21, 1:06 pm ET
DALLAS, TX--(MARKET WIRE)--Jan 21, 2008 -- Regions Oil and Gas (Other OTC:RGNO.PK - News) today unveiled its future plan.
Regions Oil faces challenges in the coming weeks as it works on the implementation of its business plan.
The company has received many questions about the recent merger and future of the company and the company hopes this will answer some of questions presented:
A name change with a new company website is expected in about 3 weeks. The website will include a News page that will include all company press releases, a Blog page where the company will post updates and a Financial page where the company financials will be posted as well as information on the company and contact information.
A hotline line number for shareholders to leave messages for management. Management will make its best effort to respond but will also use the Blog to answer questions.
There are potential acquisitions being discussed with no additional information for public release as requested by the potential subsidiaries.
Mr. Papaleo has been appointed interim President & CEO and a new President will be appointed in the coming weeks. Also, the company asked that you not contact Mr. Papaleo with questions about the company as he is unable to answer any questions due to his Executive temporary status.
After further review, it was discovered that non revenue producing Oil Leases are part of the asset list of Regions and the company will release and post complete detailed financial statements on the company's new website within the next 30 days.
The company strategy will continue as a holding company. The strategy is simple; diversify holding, acquire companies, assist with business development, grow the company infrastructure, assist with marketing to increase revenues and profits and evaluate for a possible reporting status and reach the OTCBB.
About Regions
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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