Angel Acquisition Corp.
Palomar Enterprises, Inc: PALOMAR ENTERPRISES INCREASES REVENUE 70% AS THE FORECLOSURE MARKET HEATS UP
Palomar Enterprises, Inc / Miscellaneous Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- PALOMAR ENTERPRISES INCREASES REVENUE 70% AS THE FORECLOSURE MARKET HEATS UP Carlsbad, Ca. March 20, 2007- Palomar Enterprises (OTC BB- PLMA) expects to record a 70% increase in revenue from first quarter, 2006 to first quarter, 2007. The increase in revenue is reflective of the shift in The Company’s business model, to take advantage of the increasing Foreclosure Market. Palomar Enterprises is staying ahead of the real estate cycle by actively pursuing residential foreclosures throughout the United States, which can be purchased at 30% to 40% below market value. The Company increases the value of these homes by providing cosmetic improvements and in some cases, increasing the square footage of the property. These properties are then placed on the market and sold at a profit. Palomar Enterprises is a licensed Real Estate Brokerage and Mortgage Lending Firm, specializing in Coastal Development Projects and the increasing Foreclosure Market. The Company is on pace to record the best year in its history, in terms of revenue growth and assets. 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. www.palomarenterprises.com (800) 585-6988 Contact1@palomarenterprises.com DGAP 22.03.2007 ----------------------------------------------------------------------
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