CARSON CITY, NV--(Marketwire - November 4, 2010) - Angel Acquisition Corp (
BioGeron is developing its web site, http://www.biogeroninc.com, to provide information on BioGeron, its products, and other company information.
The Company is also pleased to report that efforts to finalize the tentative agreement and acquire the assets of Health and Wellness Partners, Inc. from CoreStream Energy, Inc. continues and is expected to close in the near future. This acquisition, coupled with the significant progress and potential achieved with the formation of BioGeron, should provide Angel Acquisition a significant presence in the Health and Bio-Nutraceutical marketplace. The acquisition of the assets of Health and Wellness Partners has required special care with certain creditors and parties to allow for a smooth transition. The Company continues to work with prior Zealous Inc. management, creditors and CoreStream Energy management to resolve pending debt litigation and assure a smooth conclusion to CoreStreams/Zealous's liabilities.
In other events at Angel Acquisition, effective November 1, 2010, Mr. Lew Graham resigned as President, remaining in the capacity of Chief Operations Officer and as a Director of the Company. At that time, Mr. Milton C. Ault III accepted the position of President and was appointed to the Board of Directors. Mr. Ault brings years of experience in the two primary sectors of finance and health care that Angel Acquisition has targeted.
About Angel Acquisition Corp.
Angel Acquisition Corp is a diversified asset management company that acquires and/or develops profitable companies with an emphasis on real estate and financial service markets. It recently expanded its investment portfolio with the addition of BioGeron, Inc., a bio-nutraceutical manufacturer and distributor. Angel Acquisition Corp investment portfolio expands by either obtaining a majority-equity position of a company or internally developing profitable enterprises. This strategy provides Angel Acquisition Corp the ability to experience growth through diverse holdings. For more information, visit http://www.angelacquisitions.com.
Safe Harbor Statement
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.
Contact Information:
Gary Patterson
714-369-2933