Angel Acquisition Corp

CARSON CITY, Nev., March 31 /PRNewswire-FirstCall/ — Angel Acquisition Corp, (OTC Bulletin Board: AGEL – News) is pleased to announce the retirement of over $530,000 in outstanding debt. The company converted a large portion of past note-holder debt in the first quarter of 2009. While the company still has approximately $1,000,000 remaining on the notes, this reduction represents a major milestone accomplished

“This is a great opportunity for us to solidify our company and build upon our revenue sharing business model,” said Steve Bonenberger. “We are excited to be reducing our debt and also launching and growing our micro-finance business model. Our Real Estate division, The Palomar Group (www.thepalomargroup.com) is also seeing increased listing and sales activities. Angel Acquisition Corp is committed to developing long-term shareholder value … and the last few months activities are the direct result of these commitments.”

The Angels in Action portal offers entrepreneurs an alternative to traditional financing. Angels in Action provides entrepreneurs, worldwide, an open portal to find, secure and maintain an active Patron Base. The Angels in Action model for operation is fully explained on the website.

Angels in Action has a clear mission. The mission is to help entrepreneurs create thousands of good paying jobs, sustain companies that are troubled in this time of economic uncertainty and bring support systems to each and every entrepreneur that chooses to participate. For more information on Angels in Action and to subscribe to our micro-finance newsletter, visit: www.angelsinaction.tv.

From time to time, the Company may issue news releases that contain ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be ‘forward-looking statements.’ ‘Forward-looking statements’ are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.

Contact: Investor Relations
contact@angelacquisitions.com
775-887-0670