Angel Acquisition Corp. Obtains Initial Funding From "Angel" Private Investor

Angel Acquisition Corp. ("Angel Acquisition Corp." or the "Company") (OTCBB: AGEL) announced today that the Company has signed a financing agreement with a Private Investor to partner with Angel's new micro financing, micro banking and micro lending network www.angelsinaction.tv The company has secured a financing commitment of US $3.5 million from Clearstone Partners, Inc., a private investment company located in the Turks and Caicos Islands BWI. The investment is structured as a Secured Convertible Note with a maturity date of December 31, 2010. Clearstone has committed to be the primary source of capital behind the upgraded, innovative Microfinance web-portal www.angelsinaction.tv and The Angels In Action community.

The Angels In Action community actively features U.S. based entrepreneurs, promotes their products and services, and administers micro-loans. The site also features "Angels,"-- generous Americans and global citizens who "Spend to Lend." These individuals and/or "Teams" -- groups of Angels such as churches, organizations, clubs, etc. -- spend $10 or more per month into the site, and finance the dreams of American entrepreneurs.

Clearstone Partners is an offshore private equity investor dedicated to serving the financial needs of US Publicly Traded Companies. "We are pleased to add Angel Acquisition Corp. to our portfolio," said Mark E. Theriot, Clearstone's Managing Director. "The emerging Microfinance Sector in the US is boundless and we are ecstatic to assist Angel Acquisition Corp. in its endeavors to improve the lives of American Entrepreneurs. Contact Clearstone Partners US Advisor office: 1-702-401-5881 www.investorrelationsintl.com.

With so many layoffs, and unemployment, there are millions of Americans with brilliant ideas in need of quick and ready financing. "We are absolutely thrilled to partner with Mark Theriot and his private equity group www.investorrelationsintl.com," says Steve Bonenberger, CEO of Angel Acquisition Corp. As each Angel spends into the Angels In Action web-portal, they allow AIA to make direct micro-loans to U.S. based entrepreneurs in need. It's an extraordinary opportunity to rebuild the U.S. economy from the ground up.

Cautionary Statement

This press release contains statements relating to future results of Angel Acquisitions Corp. (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; changes in product mix; product obsolescence; the availability of manufacturing capacity; fluctuations in manufacturing yields; pricing pressures and other competitive factors; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation; our ability to attract and retain qualified personnel; as well as other risks and uncertainties, including those detailed from time to time in Angel Acquisitions Corp. Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

Angel Acquisition Corp. contact@angelacquisitions.com / 1-775-887-0670