----

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**FORM      10-KSB**

| x  | ANNUAL                REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE                ACT OF                1934 |
|---------|-----------------------------------------------------------------------------------------------------------------------------------|

**Commission      File No. 000-51411**

**REGENESIS      CENTERS, INC.**

**(Exact      name of small business issuer as specified in its charter)**

| **Florida**                                                                                  |                                                |
|----------------------------------------------------------------------------------------------|-----------------------------------------------------|
| (State                or other jurisdiction of incorporation                or organization) | (I.R.S.                Employer Identification No.) |

**900        North Federal Highway, Suite 260**

**Boca        Raton, Florida 33432**

**(561)          807-8383**

| ____________________ | ________________________________________ |
|----------------------|------------------------------------------|

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**PART      I**

**ITEM      1. DESCRIPTION OF BUSINESS**

| *      | the                ability to use registered securities to make acquisitions of assets                or                businesses; |
|--------|-------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                |
| *      | increased                visibility in the financial community;                                                                     |
|   |                                                                                                                                |
| *      | the                facilitation of borrowing from financial institutions;                                                           |
|   |                                                                                                                                |
| *      | improved                trading efficiency;                                                                                         |
|   |                                                                                                                                |
| *      | shareholder                liquidity;                                                                                               |
|   |                                                                                                                                |
| *      | greater                ease in subsequently raising capital;                                                                        |
|   |                                                                                                                                |
| *      | compensation                of key employees through stock options for which there may be a market                valuation;        |
|   |                                                                                                                                |
| *      | enhanced                corporate image;                                                                                            |
|   |                                                                                                                                |
| *      | a                presence in the United States capital                market.                                                       |

----

| *       | a                company for which a primary purpose of becoming public is the use                of its                securities for the acquisition of assets or businesses;                                                    |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                                                                                                                               |
|  * | a                company which is unable to find an underwriter of its securities                or is                unable to find an underwriter of securities on terms acceptable to                it;                        |
|    |                                                                                                                                                                                                                               |
|  * | a                company which wishes to become public with less dilution of its common                stock than would occur upon an underwriting;                                                                                |
|    |                                                                                                                                                                                                                               |
|  * | a                company which believes that it will be able to obtain investment                capital                on more favorable terms after it has become public;                                                        |
|    |                                                                                                                                                                                                                               |
|  * | a                foreign company which may wish an initial entry into the United States                securities market;                                                                                                          |
|    |                                                                                                                                                                                                                               |
|  * | a                special situation company, such as a company seeking a public market                to                satisfy redemption requirements under a qualified Employee Stock                Option                Plan; |
|    |                                                                                                                                                                                                                               |
|  * | a                company seeking one or more of the other perceived benefits of becoming                a                public company.                                                                                           |

**ITEM      2. DESCRIPTION OF PROPERTY**

----

**ITEM      3. LEGAL PROCEEDINGS**

**ITEM      4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**

**PART      II**

**ITEM      5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER      MATTERS**

**ITEM      6. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF      OPERATIONS**

----

----

**ITEM      7. FINANCIAL STATEMENTS**

**REGENESIS        CENTERS, INC.**

**F/K/A        CAPITAL VENTURES GROUP II, INC.**

**(A        DEVELOPMENT STAGE COMPANY)**

**FINANCIAL        STATEMENTS**

**AS        OF DECEMBER 31, 2006**

----

**REGENESIS      CENTERS, INC.**

**(A      DEVELOPMENT STAGE COMPANY)**

**CONTENTS**

| PAGE   | F-1                       | REPORT                OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM                                                                                                                                         |
|--------|---------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                      |                                                                                                                                                                                                           |
| PAGE   | F-2                       | BALANCE                SHEET AS OF DECEMBER 31, 2006                                                                                                                                                           |
|   |                      |                                                                                                                                                                                                           |
| PAGE   | F-3                       | STATEMENTS                OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2006 AND 2005 AND                FOR THE                PERIOD FROM NOVEMBER 30, 1999 (INCEPTION) TO DECEMBER 31,                2006 |
|   |                      |                                                                                                                                                                                                           |
| PAGES  | F-4,                  F-5 | STATEMENTS                OF CHANGES IN STOCKHOLDERS’ DEFICIENCY FOR THE PERIOD FROM NOVEMBER 30,                1999 (INCEPTION) TO DECEMBER 31, 2006                                                   |
|   |                      |                                                                                                                                                                                                           |
| PAGE   | F-6                       | STATEMENTS                OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2006 AND 2005 AND                FOR THE                PERIOD FROM NOVEMBER 30, 1999 (INCEPTION) TO DECEMBER 31,                2006 |
|   |                      |                                                                                                                                                                                                           |
| PAGES  | F-7                - F-10 | NOTES                TO FINANCIAL STATEMENTS                                                                                                                                                                   |
|   |                      |                                                                                                                                                                                                           |

----

**REPORT      OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

----

**REGENESIS        CENTERS, INC.**

**F/K/A        CAPITAL VENTURES GROUP II, INC.**

**(A        DEVELOPMENT STAGE COMPANY)**

**BALANCE        SHEET**

**AS        OF DECEMBER 31, 2006**

| **ASSETS**                                                                                                                                                 |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                       |   |   |   |
| **CURRENT                  ASSETS**                                                                                                                        |   |   |   |
| Cash                                                                                                                                                       |   | $ | 442 |   |
|                                                                                                                                                       |   |   |   |   |
| **TOTAL                  ASSETS**                                                                                                                          |   | $ | 442 |   |
|                                                                                                                                                       |   |   |   |   |
|                                                                                                                                                       |   |   |   |   |
| **LIABILITIES                  AND STOCKHOLDERS’ DEFICIENCY**                                                                                        |
|                                                                                                                                                       |   |   |   |   |
| **CURRENT                  LIABILITIES**                                                                                                                   |   |   |   |   |
| Accounts                  payable and accrued expenses                                                                                                     |   | $ | 2,973 |   |
| Stockholder                  loan                                                                                                                          |   |   | 10,000 |   |
| Advances                  from stockholder                                                                                                                 |   |   | 11,513 |   |
|                                                                                                                                                       |   |   |   |   |
| **TOTAL                  CURRENT LIABILITIES**                                                                                                             |   |   | 24,486 |   |
|                                                                                                                                                       |   |   |   |   |
| **COMMITMENTS                  AND CONTINGENCIES**                                                                                                         |   |   | - |   |
|                                                                                                                                                       |   |   |   |   |
| **STOCKHOLDERS’                  DEFICIENCY**                                                                                                        |   |   |   |   |
| Preferred                  stock, $0.001 par value, 10,000,000 shares authorized, none issued                  and outstanding                        |   |   | - |   |
| Common                  stock, $0.001 par value, 100,000,000 shares authorized, 11,054,800                  shares                  issued and outstanding |   |   | 11,054 |   |
| Additional                  paid in capital                                                                                                                |   |   | 102,108 |   |
| Subscription                  receivable                                                                                                                   |   |   | (400 | ) |
| Accumulated                  deficit during development stage                                                                                              |   |   | (136,806 | ) |
| Total                  Stockholders’ Deficiency                                                                                                      |   |   | (24,044 | ) |
|                                                                                                                                                       |   |   |   |   |
| **                   TOTAL LIABILITIES AND STOCKHOLDERS’DEFICIENCY**                                                                            |   | $ | 442 |   |

----

**REGENESIS        CENTERS, INC.**

**F/K/A        CAPITAL VENTURES GROUP II, INC.**

**(A        DEVELOPMENT STAGE COMPANY)**

**STATEMENTS        OF OPERATIONS**

|                                                                                                                                          |   | For                  the Year Ended December 31, 2006 |       | For                  the Year Ended December 31, 2005 |   | For                  the Period from November 30, 1999 (Inception) to December 31,                  2006 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------|------------|-------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                          |   |                                                  |       |                                                  |   |                                                                                                     |   |
| **OPERATING                  EXPENSES**                                                                                                       |   |                                                  |       |                                                  |   |                                                                                                     |   |
| Professional                  fees                                                                                                            |   | $                                                     | 10,674     |                                                  | $      | 13,832                                                                                                   |   | $ | 25,506 |   |
| Consulting                                                                                                                                    |   |                                                  | 6,000      |                                                  |   | 100,000                                                                                                  |   |   | 106,000 |   |
| General                  and administrative                                                                                                   |   |                                                  | 2,832      |                                                  |   | 271                                                                                                      |   |   | 4,018 |   |
| Total                  Operating Expenses                                                                                                     |   |                                                  | 19,506     |                                                  |   | 114,103                                                                                                  |   |   | 135,524 |   |
|                                                                                                                                          |   |                                                  |       |                                                  |   |                                                                                                     |   |   |   |   |
| **LOSS                  FROM OPERATIONS**                                                                                                     |   |                                                  | (19,506    | )                                                     |   | (114,103                                                                                                 | )      |   | (135,524 | ) |
|                                                                                                                                          |   |                                                  |       |                                                  |   |                                                                                                     |   |   |   |   |
| **OTHER                  INCOME (EXPENSE)**                                                                                                   |   |                                                  |       |                                                  |   |                                                                                                     |   |   |   |   |
| Interest                  expense                                                                                                             |   |                                                  | 1,282      |                                                  |   | -                                                                                                        |   |   | 1,282 |   |
| Total                  Other Income (Expense)                                                                                                 |   |                                                  | 1,282      |                                                  |   | -                                                                                                        |   |   | 1,282 |   |
|                                                                                                                                          |   |                                                  |       |                                                  |   |                                                                                                     |   |   |   |   |
| **                   LOSS BEFORE PROVISION FOR INCOME TAXES**                                                                            |   |                                                  | (20,788    | )                                                     |   | (114,103                                                                                                 | )      |   | (136,806 | ) |
|                                                                                                                                          |   |                                                  |       |                                                  |   |                                                                                                     |   |   |   |   |
| Provision                  for Income Taxes                                                                                                   |   |                                                  | -          |                                                  |   | -                                                                                                        |   |   | - |   |
|                                                                                                                                          |   |                                                  |       |                                                  |   |                                                                                                     |   |   |   |   |
| **NET                  LOSS**                                                                                                                 |   | $                                                     | (20,788    | )                                                     | $      | (114,103                                                                                                 | )      | $ | (136,806 | ) |
|                                                                                                                                          |   |                                                  |       |                                                  |   |                                                                                                     |   |   |   |   |
| Net                  loss per share - basic and diluted                                                                                       |   | $                                                     | -          |                                                  | $      | (0.01                                                                                                    | )      | $ | (0.04 | ) |
|                                                                                                                                          |   |                                                  |       |                                                  |   |                                                                                                     |   |   |   |   |
|                    Weighted average number of shares outstanding during the period                  - basic                  and diluted |   |                                                  | 11,054,800 |                                                  |   | 10,199,041                                                                                               |   |   | 3,717,042 |   |

----

**REGENESIS        CENTERS, INC.**

**F/K/A        CAPITAL VENTURES GROUP II, INC.**

**(A        DEVELOPMENT STAGE COMPANY)**

**STATEMENT        OF CHANGES IN STOCKHOLDERS’ DEFICIENCY**

**FOR        THE PERIOD FROM NOVEMBER 30, 1999 (INCEPTION) TO DECEMBER 31,        2006**

|                                                                                                                                      |   | Preferred                  Stock |   | Common                  Stock |   | Additional                  Paid-In |   | Subscription |      | Accumulated                  Deficit During Development |   |       |   |
|-------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|--------|-------------------------------|--------|-------------------------------------|--------|--------------|-----------|---------------------------------------------------------|--------|------------|--------|
|                                                                                                                                      |   | Shares                           |   | Amount                        |   | Shares                              |   | Amount       |      | Capital                                                 |   | Receivable |   | Stage |   | Total |   |
|                                                                                                                                      |   |                             |   |                          |   |                                |   |         |      |                                                    |   |       |   |   |   |   |   |
|                    Common stock issued to founder                  ($0.001 per share)                                      |   |                             | -      |                          | $      | -                                   |   |         | 1,000,000 |                                                    | $      | 1,000      |   | $ | - |   | $ | - |   | $ | - |   | $ | 1,000 |   |
|                                                                                                                                      |   |                             |   |                          |   |                                |   |         |      |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In-kind                  contribution                                                                                                     |   |                             | -      |                          |   | -                                   |   |         | -         |                                                    |   | -          |   |   | 150 |   |   | - |   |   | - |   |   | 150 |   |
|                                                                                                                                      |   |                             |   |                          |   |                                |   |         |      |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                    Net loss for the period from November 30, 1999 (inception) to December                  31,                  1999 |   |                             | -      |                          |   | -                                   |   |         | -         |                                                    |   | -          |   |   | - |   |   | - |   |   | (1,150 | ) |   | (1,150 | ) |
|                                                                                                                                      |   |                             |   |                          |   |                                |   |         |      |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,                  December 31, 1999                                                                                               |   |                             | -      |                          |   | -                                   |   |         | 1,000,000 |                                                    |   | 1,000      |   |   | 150 |   |   | - |   |   | (1,150 | ) |   | - |   |
|                                                                                                                                      |   |                             |   |                          |   |                                |   |         |      |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In-kind                  contribution                                                                                                     |   |                             | -      |                          |   | -                                   |   |         | -         |                                                    |   | -          |   |   | 150 |   |   | - |   |   | - |   |   | 150 |   |
|                                                                                                                                      |   |                             |   |                          |   |                                |   |         |      |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  loss, 2000                                                                                                           |   |                             | -      |                          |   | -                                   |   |         | -         |                                                    |   | -          |   |   | - |   |   | - |   |   | (150 | ) |   | (150 | ) |
|                                                                                                                                      |   |                             |   |                          |   |                                |   |         |      |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,                  December 31, 2000                                                                                               |   |                             | -      |                          |   | -                                   |   |         | 1,000,000 |                                                    |   | 1,000      |   |   | 300 |   |   | - |   |   | (1,300 | ) |   | - |   |
|                                                                                                                                      |   |                             |   |                          |   |                                |   |         |      |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In-kind                  contribution                                                                                                     |   |                             | -      |                          |   | -                                   |   |         | -         |                                                    |   | -          |   |   | 150 |   |   | - |   |   | - |   |   | 150 |   |
|                                                                                                                                      |   |                             |   |                          |   |                                |   |         |      |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  loss, 2001                                                                                                           |   |                             | -      |                          |   | -                                   |   |         | -         |                                                    |   | -          |   |   | - |   |   | - |   |   | (150 | ) |   | (150 | ) |
|                                                                                                                                      |   |                             |   |                          |   |                                |   |         |      |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,                  December 31, 2001                                                                                               |   |                             | -      |                          |   | -                                   |   |         | 1,000,000 |                                                    |   | 1,000      |   |   | 450 |   |   | - |   |   | (1,450 | ) |   | - |   |
|                                                                                                                                      |   |                             |   |                          |   |                                |   |         |      |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In-kind                  contribution                                                                                                     |   |                             | -      |                          |   | -                                   |   |         | -         |                                                    |   | -          |   |   | 150 |   |   | - |   |   | - |   |   | 150 |   |
|                                                                                                                                      |   |                             |   |                          |   |                                |   |         |      |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  loss, 2002                                                                                                           |   |                             | -      |                          |   | -                                   |   |         | -         |                                                    |   | -          |   |   | - |   |   | - |   |   | (150 | ) |   | (150 | ) |
|                                                                                                                                      |   |                             |   |                          |   |                                |   |         |      |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,                  December 31, 2002                                                                                               |   |                             | -      |                          |   | -                                   |   |         | 1,000,000 |                                                    |   | 1,000      |   |   | 600 |   |   | - |   |   | (1,600 | ) |   | - |   |
|                                                                                                                                      |   |                             |   |                          |   |                                |   |         |      |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                    Common stock issued for cash ($0.10 per share)                                                          |   |                             |   |                          |   |                                |   |         | 29,000    |                                                    |   | 29         |   |   | 2,871 |   |   | - |   |   | - |   |   | 2,900 |   |

----

**REGENESIS        CENTERS, INC.**

**F/K/A        CAPITAL VENTURES GROUP II, INC.**

**(A        DEVELOPMENT STAGE COMPANY)**

**STATEMENT        OF CHANGES IN STOCKHOLDERS’ DEFICIENCY**

**FOR        THE PERIOD FROM NOVEMBER 30, 1999 (INCEPTION) TO DECEMBER 31,        2006**

|                                                                               |   | Preferred                  Stock |   | Common                  Stock |   | Additional                  Paid-In |   | Subscription |       | Accumulated                  Deficit During Development |   |       |   |
|------------------------------------------------------------------------------------|--------|----------------------------------|--------|-------------------------------|--------|-------------------------------------|--------|--------------|------------|---------------------------------------------------------|--------|------------|--------|
|                                                                               |   | Shares                           |   | Amount                        |   | Shares                              |   | Amount       |       | Capital                                                 |   | Receivable |   | Stage |   | Total |   |
|                                                                               |   |                             |   |                          |   |                                |   |         |       |                                                    |   |       |   |   |   |   |   |
| In-kind                  contribution                                              |   |                             | -      |                          |   | -                                   |   |         | -          |                                                    |   | -          |   |   | 150 |   |   | - |   |   | - |   |   | 150 |   |
|                                                                               |   |                             |   |                          |   |                                |   |         |       |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  loss, 2003                                                    |   |                             | -      |                          |   | -                                   |   |         | -          |                                                    |   | -          |   |   | - |   |   | - |   |   | (165 | ) |   | (165 | ) |
|                                                                               |   |                             |   |                          |   |                                |   |         |       |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,                  December 31, 2003                                        |   |                             | -      |                          |   | -                                   |   |         | 1,029,000  |                                                    |   | 1,029      |   |   | 3,621 |   |   | - |   |   | (1,765 | ) |   | 2,885 |   |
|                                                                               |   |                             |   |                          |   |                                |   |         |       |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In-kind                  contribution                                              |   |                             | -      |                          |   | -                                   |   |         | -          |                                                    |   | -          |   |   | 150 |   |   | - |   |   | - |   |   | 150 |   |
|                                                                               |   |                             |   |                          |   |                                |   |         |       |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  loss, 2004                                                    |   |                             | -      |                          |   | -                                   |   |         | -          |                                                    |   | -          |   |   | - |   |   | - |   |   | (150 | ) |   | (150 | ) |
|                                                                               |   |                             |   |                          |   |                                |   |         |       |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance                  December 31, 2004                                         |   |                             | -      |                          |   | -                                   |   |         | 1,029,000  |                                                    |   | 1,029      |   |   | 3,771 |   |   | - |   |   | (1,915 | ) |   | 2,885 |   |
|                                                                               |   |                             |   |                          |   |                                |   |         |       |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued for cash ($0.10 per share)          |   |                             | -      |                          |   | -                                   |   |         | 25,800     |                                                    |   | 25         |   |   | 2,555 |   |   | (400 | ) |   | - |   |   | 2,180 |   |
|                                                                               |   |                             |   |                          |   |                                |   |         |       |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued for officer bonus ($0.10 per share) |   |                             | -      |                          |   | -                                   |   |         | 10,000,000 |                                                    |   | 10,000     |   |   | 90,000 |   |   | - |   |   | - |   |   | 100,000 |   |
|                                                                               |   |                             |   |                          |   |                                |   |         |       |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  loss, 2005                                                    |   |                             | -      |                          |   | -                                   |   |         | -          |                                                    |   | -          |   |   | - |   |   | - |   |   | (114,103 | ) |   | (114,103 | ) |
|                                                                               |   |                             |   |                          |   |                                |   |         |       |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance                  December 31, 2005                                         |   |                             | -      |                          |   | -                                   |   |         | 11,054,800 |                                                    |   | 11,054     |   |   | 96,326 |   |   | (400 | ) |   | (116,018 | ) |   | (9,038 | ) |
|                                                                               |   |                             |   |                          |   |                                |   |         |       |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In-kind                  contribution of services                                  |   |                             | -      |                          |   | -                                   |   |         | -          |                                                    |   | -          |   |   | 4,500 |   |   | - |   |   | - |   |   | 4,500 |   |
|                                                                               |   |                             |   |                          |   |                                |   |         |       |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In-kind                  contribution of interest                                  |   |                             | -      |                          |   | -                                   |   |         | -          |                                                    |   | -          |   |   | 1,282 |   |   | - |   |   | - |   |   | 1,282 |   |
|                                                                               |   |                             |   |                          |   |                                |   |         |       |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  loss, 2006                                                    |   |                             | -      |                          |   | -                                   |   |         | -          |                                                    |   | -          |   |   | - |   |   | - |   |   | (20,788 | ) |   | (20,788 | ) |
|                                                                               |   |                             |   |                          |   |                                |   |         |       |                                                    |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **BALANCE,                  DECEMBER 31, 2006**                                    |   |                             | -      |                          | $      | -                                   |   |         | 11,054,800 |                                                    | $      | 11,054     |   | $ | 102,108 |   | $ | (400 | ) | $ | (136,806 | ) | $ | (24,044 | ) |

----

**REGENESIS        CENTERS, INC.**

**F/K/A        CAPITAL VENTURES GROUP II, INC.**

**(A        DEVELOPMENT STAGE COMPANY)**

**STATEMENTS        OF CASH FLOWS**

|                                                                                                          |   | For                  the Year Ended December 31, 2006 |    | For                  the Year Ended December 31, 2005 |   | For                  the Period from November 30, 1999 (Inception) to December                  31, 2006 |   |
|---------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------|---------|-------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------|--------|
|                                                                                                          |   |                                                  |    |                                                  |   |                                                                                                     |   |
| **CASH                  FLOWS FROM OPERATING ACTIVITIES:**                                                    |   |                                                  |    |                                                  |   |                                                                                                     |   |
| Net                  loss                                                                                     |   | $                                                     | (20,788 | )                                                     | $      | (114,103                                                                                                 | )      | $ | (136,806 | ) |
| Adjustments                  to reconcile net loss to net cash used in operating                  activities: |   |                                                  |    |                                                  |   |                                                                                                     |   |   |   |   |
| Stock                  issued for services                                                                    |   |                                                  | -       |                                                  |   | 100,000                                                                                                  |   |   | 104,800 |   |
| In-kind                  contributions                                                                        |   |                                                  | 5,782   |                                                  |   | -                                                                                                        |   |   | 5,782 |   |
| Changes                  in operating assets and liabilities:                                                 |   |                                                  |    |                                                  |   |                                                                                                     |   |   |   |   |
| Increase                  in accounts payable and accrued expenses                                            |   |                                                  | 1,854   |                                                  |   | 1,119                                                                                                    |   |   | 2,973 |   |
| Net                  Cash Used In Operating Activities                                                        |   |                                                  | (13,152 | )                                                     |   | (12,984                                                                                                  | )      |   | (23,251 | ) |
|                                                                                                          |   |                                                  |    |                                                  |   |                                                                                                     |   |   |   |   |
| **CASH                  FLOWS FROM INVESTING ACTIVITIES**                                                     |   |                                                  | -       |                                                  |   | -                                                                                                        |   |   | - |   |
|                                                                                                          |   |                                                  |    |                                                  |   |                                                                                                     |   |   |   |   |
| **CASH                  FLOWS FROM FINANCING ACTIVITIES:**                                                    |   |                                                  |    |                                                  |   |                                                                                                     |   |   |   |   |
| Proceeds                  from stockholder loan                                                               |   |                                                  | 10,000  |                                                  |   | -                                                                                                        |   |   | 10,000 |   |
| Advances                  from stockholder                                                                    |   |                                                  | 1,675   |                                                  |   | 9,838                                                                                                    |   |   | 11,513 |   |
| Proceeds                  from issuance of common stock                                                       |   |                                                  | -       |                                                  |   | 2,180                                                                                                    |   |   | 2,180 |   |
| Net                  Cash Provided By Financing Activities                                                    |   |                                                  | 11,675  |                                                  |   | 12,018                                                                                                   |   |   | 23,693 |   |
|                                                                                                          |   |                                                  |    |                                                  |   |                                                                                                     |   |   |   |   |
| NET                  INCREASE (DECREASE) IN CASH                                                              |   |                                                  | (1,477  | )                                                     |   | (966                                                                                                     | )      |   | 442 |   |
|                                                                                                          |   |                                                  |    |                                                  |   |                                                                                                     |   |   |   |   |
|                    CASH AT BEGINNING OF PERIOD                                                           |   |                                                  | 1,919   |                                                  |   | 2,885                                                                                                    |   |   | - |   |
|                                                                                                          |   |                                                  |    |                                                  |   |                                                                                                     |   |   |   |   |
|                    CASH AT END OF PERIOD                                                                 |   | $                                                     | 442     |                                                  | $      | 1,919                                                                                                    |   | $ | 442 |   |
|                                                                                                          |   |                                                  |    |                                                  |   |                                                                                                     |   |   |   |   |
| **SUPPLEMENTAL                  DISCLOSURE OF CASH FLOW INFORMATION:**                                        |
|                                                                                                          |   |                                                  |    |                                                  |   |                                                                                                     |   |   |   |   |
|                    Cash paid for interest                                                                |   | $                                                     | -       |                                                  | $      | -                                                                                                        |   | $ | - |   |
|                                                                                                          |   |                                                  |    |                                                  |   |                                                                                                     |   |   |   |   |
|                    Cash paid for taxes                                                                   |   | $                                                     | -       |                                                  | $      | -                                                                                                        |   | $ | - |   |
|                                                                                                          |   |                                                  |    |                                                  |   |                                                                                                     |   |   |   |   |
| **SUPPLEMENTAL                  DISCLOSURE OF NON-CASH INVESTING AND FINANCING                  ACTIVITIES:** |
|                                                                                                          |   |                                                  |    |                                                  |   |                                                                                                     |   |   |   |   |
|                    Stock sold for subscription                                                           |   | $                                                     | 400     |                                                  |   | -                                                                                                        |   |   | 400 |   |

----

**REGENESIS        CENTERS, INC.**

**F/K/A        CAPITAL VENTURES GROUP II, INC.**

**(A        DEVELOPMENT STAGE COMPANY)**

**NOTES        TO FINANCIAL STATEMENTS**

**DECEMBER        31, 2006**

**NOTE        1        **SUMMARY        OF SIGNIFICANT ACCOUNTING POLICIES AND        ORGANIZATION****

***(A)        Organization***

***(B)        Use of Estimates***

***(C)        Cash Equivalents***

***(D)        Income Taxes***

----

**REGENESIS          CENTERS, INC.**

**F/K/A          CAPITAL VENTURES GROUP II, INC.**

**(A          DEVELOPMENT STAGE COMPANY)**

**NOTES          TO FINANCIAL STATEMENTS**

**DECEMBER          31, 2006**

***(E)        Fair Value of Financial Instruments***

***(***

***F)        Recent Accounting Pronouncements***

***(G)        Loss Per Share***

***(H)        Business Segments***

***(I)        Reclassifications***

**NOTE        2**
**ADVANCED        FROM STOCKHOLDER**

----

**REGENESIS          CENTERS, INC.**

**F/K/A          CAPITAL VENTURES GROUP II, INC.**

**(A          DEVELOPMENT STAGE COMPANY)**

**NOTES          TO FINANCIAL STATEMENTS**

**DECEMBER          31, 2006**

**NOTE**
**          3        **NOTE          PAYABLE****

**NOTE          4        **STOCKHOLDERS’          EQUITY****

***(A)        Increase in Authorized Capital and Name Change***

***(B)        Common Stock Issued for Cash***

***(C)        In-Kind Contribution***

----

**REGENESIS          CENTERS, INC.**

**F/K/A          CAPITAL VENTURES GROUP II, INC.**

**(A          DEVELOPMENT STAGE COMPANY)**

**NOTES          TO FINANCIAL STATEMENTS**

**DECEMBER          31, 2006**

**NOTE        5**
**RELATED        PARTY TRANSACTIONS**

**NOTE        6**
**GOING        CONCERN**

**NOTE        7**
**COMMITMENTS        & CONTINGENCIES**

----

**ITEM      8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL      DISCLOSURE**

**ITEM      8A. CONTROLS AND PROCEDURES**

**PART      III**

**ITEM      9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS: COMPLIANCE      WITH      SECTION 16(A) OF THE EXCHANGE ACT**

| Name                          | Age    | Positions                and Offices Held |
|-------------------------------|--------|-------------------------------------------|
|                          |   |                                      |
| Anne                Invernale | 50     | President/Director                        |

----

**ITEM      10. EXECUTIVE COMPENSATION**

**ITEM      11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND      MANAGEMENT**

| Name                and Address of                Beneficial Owner | Amount                of Ownership | Beneficial                Percentage of                Class |
|-------------------------------------------------------------------------|------------------------------------|--------------------------------------------------------------|
|                                                                    |                               |                                                         |
| Anne                Invernale                                           | 10,000,000                         | 90.91%                                                       |
| 5723                Hamilton Way                                        |                               |                                                         |
| Boca                Raton, Florida 33433                                |                               |                                                         |
|                                                                    |                               |                                                         |
| All                Executive Officers                                   | 10,000,000                         | 90.91%                                                       |
| and                Directors as a Group                                 |                               |                                                         |
| (1                Person)                                               |                               |                                                         |

----

**ITEM      12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.**

**ITEM      13. EXHIBITS AND REPORTS ON FORM 8-K**

| (a)      | The                following documents are filed as part of this report:                                                                      |
|----------|-----------------------------------------------------------------------------------------------------------------------------------------------|
|     |                                                                                                                                          |
|  1. | Financial                statements; see index to financial statements and schedules in Item                7                herein.          |
|     |                                                                                                                                          |
|  2. | Financial                statement schedules; see index to financial statements and schedules                in                Item 7 herein. |
|     |                                                                                                                                          |
|  3. | Form              8k filed September 9, 2006                                                                                                  |
|     |                                                                                                                                          |
|  4. | Exhibits:                                                                                                                                     |

| 3.1    | Articles                of Incorporation (1) |
|--------|----------------------------------------------|
|   |                                         |
| 3.3    | By-laws                (1)                   |
|   |                                         |
| 14.0   | Code                of Ethics (2)            |

| (1)   | Incorporated                by reference to our Form 10-SB (SEC File No.                000-51441). |
|-----------------|-----------------------------------------------------------------------------------------------------|

| (2)   | Incorporated                by reference to our Form 10KSB (SEC File No.                000-51441). |
|-----------------|-----------------------------------------------------------------------------------------------------|

**ITEM      14. PRINCIPAL ACCOUNTANT FEES AND SERVICES**

----

**SIGNATURES**

| **REGENESIS                CENTERS, INC**. |
|--------------------------------------------|
|                                       |
|  By:                                  | */s/                Anne Invernale* |   |
|                                       | Anne                Invernale |   |
|                                       | President,                Secretary and Director |
|                                       |   |   |   |

| NAME                                      | TITLE                               | DATE                          |
|-------------------------------------------|-------------------------------------|-------------------------------|
|                                      |                                |                          |
|  */s/                Anne Invernale* | President,                Secretary | March                29, 2007 |
| Anne                Invernale             | and                Director         |                          |