Angel Acquisition Corp

CARSON CITY, NV–(MARKET WIRE)–Apr 30, 2009 — Angel Acquisition Corp. (OTC BB:AGEL.OB – News) is pleased to announce that the company’s micro-lending division, Angels in Action, has been participating in eFactory’s “Start Up Now” program that has become a weekly workshop at its Tempe, Arizona chapter. Start Up Now is part of an entrepreneurial movement called “We are America’s Bailout” where dedicated, local entrepreneurs come together to launch businesses and prosper on their own.

These free workshops are held weekly at the Tempe-based eFactory, a state of the art facility, that houses 50 to 60 start up businesses and provides access to collaborators, advisors and back end office support. The Start Up Now program, which includes a complimentary lunch, covers the basics of launching a new business and provides a wealth of start up ideas and opportunities. As an affiliate of ClubE Network, Angels in Action is offered to the participants in the workshop as a source of micro-lending for entrepreneurs’ burgeoning businesses, once established.

Steve Bonenberger, CEO and President of Angel Acquisition Corp., said, “Since the Start Up Now program’s inception last month, four separate enterprises have been established and we look forward to providing these entrepreneurs micro-lending opportunities and the vital tools to develop their dreams into reality; as we are familiar to the saying, ‘It’s the American Dream.’”

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.

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