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Angel Acquisition Corp.: Angel Acquisition Corp. Announces Technology Partnership With Shaphrang, LLC

^{Published on 2009-06-08 03:41:11, Last Modified on 2009-06-08 03:42:16 - Market Wire}
 

CARSON CITY, NV--(Marketwire - June 8, 2009) - 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."

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 ].

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