SOURCE: Angel Acquisition

January 07, 2011 15:00 ET

Angel Acquisition Corp to Retain BioGeron, Inc as Core Investment

CARSON CITY, NV--(Marketwire - January 7, 2011) - Angel Acquisition Corp (OTCBB: AGEL) informs its stakeholders that the board of directors has determined that it is in the best interest of the company to remain as Angel Acquisition Corp (OTCBB: AGEL). The company will retain BioGeron, Inc as a core investment. The company will continue its long-term commitment to BioGeron, Inc.

The company will receive a convertible note from BioGeron, Inc for the monies invested to date. The company will, at its discretion maintain the option of either receiving payment in full + an imputed interest to be determined, or, will have the option of converting its note in full into an equity position in BioGeron, Inc.

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.

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