Angel Acquisition Corp.
Palomar Enterprises, Inc: PALOMAR ENTERPRISES CHANGES NAME TO ANGEL ACQUISITION CORP.
Palomar Enterprises, Inc / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- PALOMAR ENTERPRISES CHANGES NAME TO ANGEL ACQUISITION CORP. Carlsbad, Ca. April 2nd, 2008 – Palomar Enterprises, Inc. (Berlin Stock Exchange, WKN: A0F63J), announces the plans to change The Company’s name to 'Angel Acquisition Corp.' to better reflect The Company’s business model going forward. Palomar Enterprises will continue to operate its real estate development and brokerage firm division, with an emphasis being placed on acquiring profitable private companies seeking to go public. Angel Acquisition Corp. (AAC), is a diversified company that acquires profitable businesses in a variety of sectors and industries, for the purpose of developing and spinning off each successful venture as a publicly traded company. Shareholders will receive a stock dividend in each portfolio company that is spun-off. Angel Acquisition Corp. obtains a majority interest in each business it acquires, creating several subsidiaries that consolidate financials on AAC’s balance sheet. Through these acquisitions, AAC has the ability to experience aggressive growth with diversified holdings in several industry sectors. Private companies operating with high profit margins or operating in markets with high profit potential are analyzed and considered as candidates for an acquisition proposal. Once a majority interest is acquired, the new subsidiary can further their growth by raising capital through equity placements of AAC’s securities. AAC retains a percentage of capital raised for administrative costs, with the majority being invested directly into the newly acquired subsidiary. Once the subsidiary is ready to enter the public marketplace through a spin-off, AAC and its shareholders receive a stock dividend in the newly formed public company. This process provides shareholders of AAC with diversified holdings in several public companies. (775) 887-0670 WWW.PALOMARENTERPRISES.COM BRENT@PALOMARENTERPRISES.COM Contact: Email: palomargroup@web.de 02.04.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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