flash back CARSON CITY, NV -- (Marketwire) -- 06/28/10 -- Angel Acquisition Corp (OTCBB: AGEL) announces that it has successfully retired Nine Billion (9B) authorized shares (A/S). This is a substantial reduction of the A/S by 36%. Angel Acquisition Corp is researching the retirement of additional shares as well as the potential activation of a share re-purchase program.
"Angel Acquisition Corp is committed to increasing shareholder and investor value," declared Steven Bonenberger, CEO of Angel Acquisition Corp. "Our Board of Directors approved this action and on June 25, 2010 disclosed this reduction via a Form 8-K. Our focus is to bring our undervalued stock into alignment with the goals of our company and of our shareholders."
Angel Acquisition Corp continues to seek a long-term financial partner. The company will not add any additional shares for a period of at least one-hundred and twenty days. The company is currently involved in ongoing discussions with several key financial groups. The target is to secure alternative means of funding for future business initiatives, costs, and operations.
hope we get this gift again soon
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