SOURCE: Angel Acquisition Corp.

March 22, 2010 09:23 ET

Angels in Action: Developing Expanded Payment and Distribution Options

CARSON CITY, NV--(Marketwire - March 22, 2010) - Angel Acquisition Corp (OTCBB: AGEL) is pleased to announce that its micro-lending and peer-to-peer social lending network is actively developing expanded payment and distribution options for Angels in Action (

The company is in discussion and looks to formally sign and announce the following contracts within the near term:

a. Mobile Phone Application: the company looks to formalize a mobile device "Angels In Action" payment and processing application that will operate across a broad Spectrum of mobile and hand-held devices

b. Angels In Action Credit Card and Micro-loan Management System: the company is in ongoing negotiations with a credit card branding group and looks to finalize these discussions and launch its "Angels in Action" branded credit card and micro-loan management system. The Angels in Action Credit Card will operate as one of the primary platforms that the company will utilize to operate & manage its micro-lending division.

With theses expanded payment processing and distribution options, the company expects to accelerate the deployment of Angels in Action ( via several strategic partnerships. Angels in Action is poised to serve the estimated 28 Million un-banked and under-banked communities thru its micro-lending and peer-to-peer lending efforts. The company will update its shareholders on these and other key business advances as formal contracts are completed.

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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