Business & Finance
Business and Finance
Business and Finance 
Wed, May 13, 2009
Tue, May 12, 2009
Angel Acquisition Corp.: Angel Acquisition Corp. Provides Corporate Update
CARSON CITY, NV--(Marketwire - May 12, 2009) - Angel Acquisition Corp. (
In January the company launched its trendsetting micro-finance portal: [ www.angelsinaction.tv ]. Since then, there has been an increase in web traffic to the site, an increase in the number of patrons that are activating their monthly $1 to $25 subscription/membership fee; multiple entrepreneurs are placing profiles about their enterprises and job creation opportunities and enhanced ease and functionalities within the various applications on the website. Angels in Action provides access to products, membership perks, employment options and more importantly provides micro-financing opportunities for small to medium sized companies.
According to the MicroBanking Bulletin, at the end of 2006 there were 704 Micro-Financing Institutions that were serving 52 million borrowers, $23.3 billion in outstanding loans, 56 million savers, and $15.4 billion in deposits. Of these clients, 70% were in Asia, 20% in Latin America and the balance in the rest of the world. Micro-financing has been growing at such a rate and Angels in Action is on the verge of tapping this growing market and becoming a leader in the sector providing entrepreneurs worldwide the funding opportunities normally difficult to attain in these current economic conditions.
The Company recently announced a joint venture agreement with Club E Factory. Together they provide support and development structures that bring immediate and ongoing guidance and assistance to the existing and expanding entrepreneur base both nationally and globally to over 100,000+ potential members together.
Angel Acquisition Corp. also established its vendor relationship with Set for Life Financial (SFL) where SFL provides and manages the key component parts for transaction processing and micro-loan disbursements for the Angels in Action program. The program serves as a tremendous promotional tool putting the company's brand and message in front of thousands of people as members and loan recipients receive and use their company branded (Angels in Action) prepaid debit card, 'SFL Card,' to make purchases worldwide.
The company was pleased and proud to announce its Network Partner status with Microsoft via their BizSpark ([ www.bizspark.com/ ]) programs. The company is looking to expand and enhance these offerings by bringing more of the Microsoft products and services to its entrepreneurs and patrons. The company is looking to expand and leverage all of the relationships mentioned above.
"We have made great strides over the last several months and we look forward to sharing several additional new announcements in the coming weeks that will paint an even clearer picture as to the direction that we are heading with our micro-lending division," said Steve Bonenberger, CEO and President. "Our country is yearning for lending opportunities that are no longer available in the conventional markets, and we provide those opportunities on a grander scale as we grow Angels in Action into a global network for the entrepreneurs."
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.