AGEL - News $$ Angel Acquisition Corp in Joint Venture Discu

Angel Acquisition Corp in Joint Venture Discussions With Premier National IT Consultancy

CARSON CITY, NV -- (Marketwire)
06/01/10
Angel Acquisition Corp (OTCBB: AGEL) today announced that it has entered into discussions to establish a formal and mutually beneficial joint venture with MSP University (www.mspu.us), one of the nation's premier technology consultancies, to provide training and consultation to entrepreneurs who will launch businesses specializing in information technologies with the help of Angels in Action (www.angelsinaction.tv) micro-loans.

"I want all of our stakeholders to know how truly excited I am about the opportunity to form a strategic partnership with one of the foremost leaders in the information technology industry, MSP University," said Steven Bonenberger, CEO of Angel Acquisition Corp. "Their proven track record of successfully training and/or consulting new upstart IT firms as well as consulting Fortune 100 technology organizations such as Cisco Microsystems, Intel, HP and Microsoft empowers Angel Acquisition Corp. Now, with MSP University, we have access to world-class expertise and resources that advances those technology -- minded entrepreneurs who come to us for help. Each of these will be enhanced in their abilities to successfully get their new businesses off the ground."

Micro-lenders and micro-financing institutions (MFIs) provide loans to recipients that would not otherwise be possible under traditional lending methodologies. The loan amounts generally range from $1,000 to $25,000. These organizations have seen immense growth due to the global economic downturn during the past two years as conventional lending entities struggle to achieve the significant revenue and profit levels that were enjoyed prior to the downturn. Angel Acquisition Corp is dedicating resources, assets and expertise to establish best practices and be a leading provider of micro-finance services and solutions that are geared and focused upon US Based entrepreneurs.

"We look forward to the opportunity to work with Angels in Action," said Gary Beechum, CEO and President of MSP University. "The Department of Labor has identified information technology as the fastest growing sector in the workforce economy. Since most IT firms are small companies, it makes sense for us to collaborate with Angel Acquisition Corp via 'Angels in Action' in providing a platform of development to afford those recipients of micro-loans the best chance to succeed with their new businesses.

"Our clients and sponsors like Intel, Cisco, Ingram Micro, CompTIA and others are looking for new and fresh ideas from the brightest minds that are presently untapped due to the economic conditions we are enduring as a nation. As we as a nation incubate these ideas and nurture these talented entrepreneurs, we will be doing our part in rebuilding our communities and local economies. I anticipate that discussions will proceed quickly and we will soon have a framework in place to unite the efforts of Angel Acquisition Corp and MSP University, bringing all of the resources of both our organizations and our sponsors to bear as we launch this new initiative."

About Angel Acquisition 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.

Contact:

Investor Relations

contact ( a t ) angelacquisitions.com

1-775-887-0670

AGEL - News $$ Angel Acquisition Corp in Joint Venture Discu

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