Angel Acquisition Corp.
Palomar Enterprises, Inc: REVENUE UP 20% FROM LAST YEAR
Palomar Enterprises, Inc / Quarter Results 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 REVENUE UP 20% FROM LAST YEAR Carlsbad, Ca. December 10th, 2007- Palomar Enterprises (Berlin Stock Exchange, WKN: A0F63J), announces an increase in revenue of 20% for 3rd quarter, 2007 compared to the same period last year. Palomar has experienced consistent revenue growth over the past years due to The Company’s execution of its business model. Palomar Enterprises is a licensed real estate brokerage firm located in Southern California, which specializes in foreclosure properties and coastal development projects. The Company expects continued growth during the market cycle we are currently in, by identifying early stage foreclosures and purchasing them at substantial discounts to their market value. Palomar’s strategy involves locating income-producing properties that can be held and managed with a positive cash flow, which can be sold at a premium at a later date when the real estate market rebounds and values have increased. Investors interested in the foreclosure market may want to consider an investment into PLMA which is taking advantage of this cycle of the market we are currently experiencing. The Company sees this window of opportunity to carry through 2008 and expects to capitalize on these severely undervalued prices. For more informations please visit our website www.palomarenterprises.com Contact: Email: palomargroup@web.de 13.12.2007 Financial News transmitted by DGAP ----------------------------------------------------------------------
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