About Micro-lending or Microfinance

“Micro-lending” and “Microfinance” is growing tremendously in popularity through websites such as Microplace.com, LendingClub.com and Kiva.org.  The terms generally refer to the process of extending small loans to less fortunate people, usually in other countries.  These loans are primarily intended to assist people in starting their own businesses or expanding an existing one. 

Microplace, a subsidiary of eBay, is a for-profit broker dealer.  You can invest via checking account or transfer money from a Paypal account without having to pay extra fees.  Microplace plans to donate any profits to the company's Global Citizenship Project.  It generally invests through other funds like Micro Credit Enterprises or the Calvert Social Investment Foundation.  The Web site shows you a "sample borrower" but you're actually making the loan to an organization that distributes the fund to a variety of borrowers.

According to an article dated June 10, 2009 by Leena Rao, “Microlending, like other uninsured investments, is subject to all sorts of risks. But, based on past performance, the odds of seeing your money again are pretty high. Historically, 97 percent of low-income borrowers have paid back their microfinance loans.”

Angels in Action, a subsidiary of Angel Acquisition Corp, intends to create a business where micro-lending is just a small part of its focus to help U.S. entrepreneurs.  The Green Baron Report would like to see AGEL develop into a “one-stop shop” to help create and finance a business in America.  We expect to see the Company make significant progress over the coming weeks and months, and we believe its story with gain strength along with its stock price. 

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 Acquisition Corp has the ability to experience growth through diverse holdings. Companies turning large profits are analyzed and considered for acquisition.

The company operates two divisions:

The Palomar Group: a fully licensed real estate brokerage service

Angels in Action: the micro-lending division.

The Palomar Group (http://www.thepalomargroup.com) is a full service, real estate and residential lending company.

We offer sensational Programs:

·         Home Loans

·         Refinancing Opportunities

·         Discount Programs

We are staffed by top producing agents, and work with the country’s top lenders to expediently and efficiently exceed your expectations and meet your real estate and lending needs.

Angels in Action

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

Introduction

Angels in Action is committed to supporting entrepreneurs and start-ups through a radical new two-pronged approach.  The Company helps the entrepreneur secure the appropriate financing for a business that might be struggling to get the exposure necessary to attract investment.  Secondly, through its full suite of business services, the new business venture can find the support it needs to grow.  By using its services, the entrepreneur can focus on growing their business while remaining nimble and lean. 

Strategy

The Company’s strategy is to market financing and business services to the burgeoning startup market in the U.S.  Through internet, radio, television and traditional sales channels, Angels in Action will build the case for supporting entrepreneurs.  Its community-like approach will resonate with its constituents as it builds “Financing 2.0, venture funding’s version of Web 2.0.

The Angels in Action Program

Our financing program is one of the most unique financing offerings to come to market in 50 years. This program permits the entrepreneur to grow a base of supporters that we call “Patrons.” These Patrons will show their support for the Entrepreneur by committing to a $10 a month subscription to Angels in Action. In return, the Patron will receive access to a broad suite of reciprocal products available at little or no cost. The entrepreneur will receive a very low cost loan, access to a suite of business services, membership in a community of entrepreneurs and broad exposure of their business concept.

Recent Key Announcements

June 8, 2009 – Angel Acquisition Corp. Announces Technology Partnership with Shaphrang, LLC - CARSON CITY, NV -- (MARKET WIRE) - Angel Acquisition Corp. (OTCBB: AGEL) is pleased to announce that the Company signed a three (3) year contract with Shaphrang, LLC. Under the terms of the three (3) year agreement, Shaphrang, LLC, a business and technology consultancy, is now the Company's lead technology partner. Shaphrang, LLC comes alongside for their expertise in building and maintaining legacy data management systems. Shaphrang, LLC will provide the Company's micro-finance portal, www.angelsinaction.tv, the necessary tools to develop various components for its expanding micro-finance portal.

Shaphrang, LLC (http://www.shaphrang.org) is a business and technology consultancy that delivers measurable business results through the rapid application and support of advanced technology for their clients. Their business solutions include transforming business processes with networked digital technology; supporting and enhancing business applications that reduce IT costs and strive to deliver the highest levels of service quality; planning, designing, and integrating cross-application architectures. Their systems are scalable, extensible and produce secure solutions that create opportunities for profitable returns. Clients include world-class organizations i.e., Walt Disney Motion Picture, Inc., Universal Theme Parks, MCA Records and Geffen Records.

"I am thrilled to introduce our newest partner to the team," said Steve Bonenberger, CEO and President. "Shaphrang has a proven track-record of building, managing and maturing this type of management and inter-connected database architecture system. With Shaphrang, LLC as stakeholder in Angels in Action, I am confident that Managing Director, Lamont Reeves, and his team of experts will bring our micro-finance portal to the forefront of the social networking and micro-lending sector. This is an exciting development for the Company and we look forward to a long and prosperous relationship with Shaphrang, LLC."

May 20, 2009 – Angel Acquisition Corp. Reaches Out to Patrons Across America -Angel Acquisition Corp. (OTCBB: AGEL) today reaches out to patrons across America to aid in the recovery of our economy. The Company aims to target patrons who will spend $1 or more per month into the Company's micro-finance portal to finance entrepreneurs and fuel America's economic recovery.

Angel Acquisition Corp., through its micro-finance portal, www.angelsinaction.tv, has created a "Patron-based" model where individuals, companies, and organizations band together and commit to spend $1 or more into the system. With their purchase, Patrons receive exclusive access to The Angel Academy, where the world's foremost entrepreneurs, authors, and public speakers provide priceless access to their books, DVDs, videos, and more.  In return, Angels in Action 'pays forward' at least 60% of the net proceeds within its system to Entrepreneurs. Angels in Action brings together Entrepreneurs, Teams, Global Sponsors, and Patrons in a new approach to business financing.

"I am calling out to everyone across the country to join a greater cause. We must all assist in the rebuilding of our economy by providing a much needed support system to help entrepreneurs believe in themselves and in each other," said Steve Bonenberger, CEO and President. "The Company has seen positive feedback and support in our business model and I believe with the generosity of patrons both small and large, we will become the leading social networking portal for entrepreneurs."

May 18, 2009 - Angel Acquisition Corp. Signs Test Marketing Agreement with iLearning Global - Angel Acquisition Corp. is pleased to announce that the Company has signed a social networking test marketing agreement with iLearning Global (www.ilearningglobal.tv). Under the terms of the agreement, iLearning Global will provide four (4) pieces of video instruction for the Company's micro-finance division, Angels in Action (www.angelsinaction.tv). In exchange, Angels in Action will be marketed and become a "value added" service to iLearning Global's existing and expanding library of educational services. Both companies will evaluate the performance of the ninety-day test marketing agreement with a look to forming up a strong and permanent joint venture alliance.

iLearning Global (www.ilearningglobal.tv) is an educational networking company with over 4,000 members worldwide. iLearning Global brings together the top trainers and speakers, iLearning Global Faculty, in all areas of self development, personal improvement, business training, life skills, tax and financial strategies, and much more within its powerful portal. Their members enjoy a growing library of these faculty members in an amazing High Definition full screen video format along with audio programs, e-books, webcasts, classic videos and much more, allowing access to hundreds of priceless titles 24/7 on their personal computer, laptop and mobile devices.

iLearning Global will provide four BRIAN TRACY full-length instructional videos to Angels in Actions' website, accessible via digital download for all Patrons and Angel-Preneurs and bring their iLearning Global Faculty members to serve as special assistance to The Angel Academy. President of Angel Acquisition Corp., Steve Bonenberger, will also look to become a member of iLearning Global's Faculty.

"This is a great opportunity for us to expand our network and build upon our revenue sharing business model," said President and CEO of Angel Acquisition Corp., Steve Bonenberger. "We are excited to work alongside iLearning Global (www.ilearningglobal.tv) and their faculty of great minds and motivational speakers. Our goal is to create a financial eco-system that will be available to entrepreneurs globally."

May 13, 2009 – Angel Acquisition Corp. Upgrades its Website AIA 2.0 - Angel Acquisition Corp., (OTCBB: AGEL) is pleased to announce that the Company has upgraded its micro-finance portal www.angelsinaction.tv since its initial launch back in January. The Angels in Action portal provides access to products, membership perks, employment options and micro-lending opportunities for small to medium-sized companies.

The new improvements feature a more user-friendly portal that is easy to navigate with more functionality for patrons, entrepreneurs, product sellers and vendors. The site functions as a true social network in the sense that people are able to choose whose product deserves their attention. It is an "all-in-one" stop for entrepreneurs to sell their product, receive micro-loans, market their products/ideas and create a customer base.

The Company has also created the "Halo Effect Newsletter" which people can sign up online for and receive weekly updates on what is working, who is learning, how to thrive in this economy and other exciting updates in the micro-lending market. New features will continue to be added to the site as the Company builds its affiliate program, partnerships and joint ventures; bringing on key members to the AIA team to deliver a much needed micro-finance portal for the visionaries of our country.

"I am excited to introduce our upgraded site to entrepreneurs of America," said Steve Bonenberger, CEO and President. "Lending to an entrepreneur that becomes 'successful,' I believe will create new jobs and help stop our recession; the beginning to the rebuilding of our economy. We are committed to transparency and Angels in Action is a lending system based upon our community, generosity, mutual trust, and accountability."

May 12, 2009 – Angel Acquisition Corp. (OTCBB: AGEL) Provides Corporate Update to Shareholders - Over the last several months, the company has been in the process of reorganizing from within the company in order to properly launch its micro-lending division, Angels in Action.

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."

May 4, 2009 – Angel Acquisition Corp. Becomes Network Partner with Microsoft BizSpark - Angel Acquisition Corp. is pleased to announce that the Company has signed a marketing and development partner agreement with Microsoft to become a network partner of Microsoft's BizSpark program. The BizSpark program is designed to accelerate the success of any company building a software based product or service that is in early stage startup and has been in business less than three years with less than $1 million in revenue.

Microsoft's BizSpark program is a global program that will enable software startups to leverage Microsoft development and platform technologies to deliver Next Generation Web and Software + Services applications by providing the following:

• Fast and easy access to current full-featured Microsoft development tools, platform technologies and production license of server products for immediate use in developing to market innovative and interoperable solutions at no upfront costs for enrollment.
• Connection to other network partners and support resources around the globe – incubators, investors, advisors, government agencies and others – that are -equally vested in software-fueled innovation.
• Global visibility to an audience of potential investors, clients and partners which you can tap into as a Microsoft BizSpark member.

"We are extremely excited to partner up with the largest software company in the world. The partnership with Microsoft is an integral part to Angels in Action providing entrepreneurs the necessary software tools to build their business into a successful startup," said Steve Bonenberger, CEO and President. "We continue to put together a network of key partners that will provide our members access to tools that will enable them to have the confidence and ability to build thriving businesses and in turn rebuild our economy."

April 30, 2009 – Angel Acquisition Corp.’s Angels in Action Announces Successful Participation at eFactory’s Start Up Now Program - Angel Acquisition Corp. 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.

March 31, 2009 - Angel Acquisition Corp. Retires Significant Amount of Long-Term Debt - Angel Acquisition Corp. is pleased to announce the retirement of over $530,000 in outstanding debt. The company converted a large portion of past note-holder debt in the first quarter of 2009. While the company still has approximately $1,000,000 remaining on the notes, this reduction represents a major milestone accomplished.

"This is a great opportunity for us to solidify our company and build upon our revenue sharing business model," said Steve Bonenberger. "We are excited to be reducing our debt and also launching and growing our micro-finance business model. Our Real Estate division, The Palomar Group (www.thepalomargroup.com) is also seeing increased listing and sales activities. Angel Acquisition Corp is committed to developing long-term shareholder value ... and the last few months activities are the direct result of these commitments."

About the President & CEO

H. Steven Bonenberger
Author, Talk Show Host & Business Leader

Talk Show Host:

The Steve Bonenberger Program: A nationally syndicated program that focuses upon networking issues, business development ideas, financial strategies for success and featured companies and their product sets that bring benefit and value to the end user.

Channel 10 News: A local ABC affiliate in San Diego, CA. Mr. Bonenberger served as a spot financial contributor for over six years.

It’s Your Time: A local, call in formatted program that focused upon people and the everyday issues of their lives. This program was the ‘proving ground’ for the The Steve Bonenberger Program.

Books Authored:

Through Gates of Fire Volumes One, Two and Three (2006 – 2008)  

Your Personal Financial Revolution: A piece about financial strategies for growth and protection. (1998).

Breaking Through: Your Personal Revolution: A piece about personal strategies for growth and change. (1994).