Replies to post #3849 on NUGL, Inc. (NUGL)

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Angel Acquisition Sells BlackHawk Fund Unit

(financialwire.net via COMTEX) -- May 8, 2008 (FinancialWire) Angel Acquisition
Corp. (OTCBB: AGEL) (Current Market Cap: US$ 69.68 K) has closed the sale of its
BlackHawk Fund unit. Terminus, Inc. purchased ten million shares of series C
preferred shares of The BlackHawk Fund for $363,000.

Carlsbad, California-based Angel Acquisition acquires businesses in a variety of
sectors and industries, for the purpose of spinning off each venture as a
publicly traded company.

Angel obtains a majority interest in each business it acquires, creating several
subsidiaries that consolidate financials on the firm's balance sheet. The
company is paid fees for administrative costs associated with the acquisition
and spin-off and retains an equity position in each company that is spun-off.

Once the subsidiary is ready to enter the public marketplace, Angel and its
shareholders receive a stock dividend in the newly formed public company.

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