AGEL - NEWS - $$$$ Angels in Action and Club E

[JJOHNS]

Angels in Action and Club E

CARSON CITY, NV -- (Marketwire)
03/17/10
Angel Acquisition Corp. (OTCBB: AGEL) Angel AC's micro-lending division, Angels In Action, is a microfinance and peer-to-peer lending social network for American entrepreneurs (website: AngelsInAction.tv - Microlending, microfinance and microbanking). Angels In Action is proud to announce that the company's Director, Peter Burns, who founded Club E (website: Home) is now providing a weekly feature called "Peter Speaks" at the Club E website (Home). The blog provides valuable information on current events, and their impact on the entrepreneurial community.

The Club E website also features a new section called "Ask Peter". In this question and answer series, successful serial entrepreneur Peter Burns entertains questions from entrepreneurs around the globe, and responds with his personal insight and experience. The blog's purpose is to garner knowledge shared from someone who's been through the trenches, and wants to help entrepreneurs build and expand their successful businesses.

Club E is an official joint venture partner with Angels In Action, the microfinance and peer-to-peer lending division of Angel AC.

For additional information visit:

Angels In Action: AngelsInAction.tv - Microlending, microfinance and microbanking

Twitter: Angels In Action (AngelsInAction) on Twitter

Facebook: Welcome to Facebook | Facebook

Angels In Action | Facebook.

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

[JJOHNS]

[B]AGEL Q&A UPDATE MAY 27, 2010 :

RE : Angel Acquisition Corp. Q&A

Our company thanks you for your interest and concerns regarding our business, stock and current issues. We trust the following answers are sufficient and that they provide our shareholders with answers in relation to your recent submission:

1. We see that the AGEL.OB has recently filed all necessary filings and has had the "E" taken off the symbol. Explain to the share holders the process of this and where you believe the company is headed?

The Company strives to stay compliant and timely in its filings. The “E” coming off of the symbol reflects this commitment. The company is heading to continued growth and to the expansion and accelerated growth of its micro-financing division: ANGELS IN ACTION: AngelsInAction.tv - Microlending, microfinance and microbanking

2. Can u explain more in detail the, Angels in Action Program?

Micro-lending has been a hugely successful alternative financing phenomenon globally. For the past twenty to thirty years, successful micro-lenders have proven that those that are underserved and under-banked are absolutely deserving of such attention. In the US, the alternative financing communities and capital markets are just now forming up. There are a few groups that are beginning to do this work. Angels in Action is our company?s commitment to serve this expanding population. The program of how to get involved and how to participate is clearly outlined on the website: AngelsInAction.tv - Microlending, microfinance and microbanking

3. On April 27th, AGEL.OB Initiated Joint Venture Discussions with Top Banking Institutions, can you elaborate any more into this?

Yes! The company is pleased that the model for micro-lending for US Based entrepreneurs that it has forged and continues to refine and improve has gained attention. There are several key financial groups and top banking institutions that have expressed interest in potential future collaborative efforts. As these relationships firm up, the company will expand upon them & will look to keep its shareholders and prospective investors informed.

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4. On April 29th, AGEL.OB Announced they have Joined President Obama's Microfinance Action Group, how is this going to impact the company as a whole?

The decision to join President Obama?s Micro-Finance Action Group was a simple one. Having a President that first understands the expanding population of those US Based entrepreneurs that are being, or have been shut out of the traditional lending communities is a big help. Angels in Action seeks to collaborate with every group and/or individual that seeks „the double win? that is both good for the investor and also brings direct benefit to the micro-lending recipient.

5. Could you delve into your personal history as CEO and tell us some of your background in the business?

I have been the CEO of the company since 2003. My background is mostly in serving the needs of client companies that seek assistance with marketing and product placement issues. I have also hosted a national radio program as well as regional and local radio programs. My interest in micro-lending is a personal one. I am in the end an entrepreneur. Most of my career has been spent working with entrepreneurs. Angels in Action is a direct intention to serve and bolster and support US Based entrepreneurs.

6. With all the Joint Ventures and Acquisitions, do you foresee any changes in current management, and if so why?

The company management team seems set. The company is constantly on the search for competent people that seek to work and can add value.

7. Will AGEL.OB attempt to attain any non 504 funding? Are we looking at any buyouts in the future or is the current status of the company as a whole strong and looking forward?

Angel Acquisition Corp (AGEL.OB) is a fully-reporting-over-the-counter-bulletin-board-company. The company continues to seek for a long-term financial partner that is committed to its stated goals and seeks to bring value to all involved.

8. With the Micro financing news released late April, when are we going to see that impact the company and see an increase in the company's value?

The company is working on the micro-lending division as well as the real estate division every single day. The goal/outcome is to drive shareholder value via increased revenue bases.

9. What is the estimated length of time until the company moves from its current no bid status?

This is up to the market to decide. The company believes that its share price is certainly under-valued and looks forward to the days when the market price of its shares + its market cap reflect the work and effort and investment that has gone into building the company to this date.

One final comment from your company. Please take this time to address all shareholders as to the future of the company and anything you would like to add to keep the current shareholders secure in their investment and what we can expect to entice new investors coming into AGEL.OB

The company keeps working and striving to build shareholder value. Take a look at the financial statement. I have not been paid or received a salary in almost two full years. I have invested all of my own life savings + time & energy into building this company. The intention is to build enough value that Angels in Action can do what it is designed to do. The outcomes the company has for the near term are: gather paying angel patrons + make & manage micro-loans + tell the heroic stories of the US Based entrepreneurs.

We thank you again for your questions and trust this clarifies them for you.

Angel Acquisition Corp.

http://www.greenarrowstock.com/green...es/AGEL_QA.pdf [/B]