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Angel Acquisition Corp Announces A/S Share Reduction

^{Published on 2010-06-28 13:30:18 - Market Wire}
 

CARSON CITY, NV--(Marketwire - June 28, 2010) - Angel Acquisition Corp (OTCBB: [ AGEL ]) announces that it has successfully retired Nine Billion (9B) authorized shares (A/S). This is a substantial reduction of the A/S by 36%. Angel Acquisition Corp is researching the retirement of additional shares as well as the potential activation of a share re-purchase program.

"Angel Acquisition Corp is committed to increasing shareholder and investor value," declared Steven Bonenberger, CEO of Angel Acquisition Corp. "Our Board of Directors approved this action and on June 25, 2010 disclosed this reduction via a Form 8-K. Our focus is to bring our undervalued stock into alignment with the goals of our company and of our shareholders."

Angel Acquisition Corp continues to seek a long-term financial partner. The company will not add any additional shares for a period of at least one-hundred and twenty days. The company is currently involved in ongoing discussions with several key financial groups. The target is to secure alternative means of funding for future business initiatives, costs, and operations.

About Angel Acquisitions Corp

Angel Acquisition Corp is a diversified asset management company that acquires and/or develops profitable companies. Angel Acquisition Corp either obtains a majority of stock in each company they gain control of, or the company internally develops profitable enterprises. Through the acquisition and development of profitable companies and the expansion of internal divisions, Angel Acquisitions Corp has the ability to experience growth through diverse holdings. Companies turning large profits are analyzed and considered for acquisition. For more information, visit [ http://www.angelacquisitions.com ].

Safe Harbor Statement

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.