Angel Acquistion (AGEL)

[Phisherman]

Palomar Enterprises Revenue Up 20% From Last Year
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PRNewswire
1:46 p.m. 12/10/2007
CARLSBAD, Calif., Dec 10, 2007 /PRNewswire-FirstCall via COMTEX/ -- Palomar Enterprises (PLMA), announces an increase in revenue of 20% for 3rd quarter, 2007 compared to the same period last year. Palomar has experienced consistent revenue growth over the past years due to The Company's execution of its business model.

Palomar Enterprises is a licensed real estate brokerage firm located in Southern California, which specializes in foreclosure properties and coastal development projects. The Company expects continued growth during the market cycle we are currently in, by identifying early stage foreclosures and purchasing them at substantial discounts to their market value. Palomar's strategy involves locating income-producing properties that can be held and managed with a positive cash flow, which can be sold at a premium at a later date when the real estate market rebounds and values have increased.

Investors interested in the foreclosure market may want to consider an investment into PLMA which is taking advantage of this cycle of the market we are currently experiencing. The Company sees this window of opportunity to carry through 2008 and expects to capitalize on these severely undervalued prices.

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.

http://www.palomarenterprises.com

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http://www.palomarenterprises.com


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