On 11/16/2009, Angel Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Angel Acquisition Corp. through Angels In Action, the company's new micro financing, micro banking and micro lending network announced a joint venture, cooperative marketing and content development agreement with Kingdom Inc. Under the terms of the joint venture cooperative marketing and content development agreement, Kingdom Inc. has agreed to: Market Angels in Action via its internal and external systems; Create exclusive marketing and media pieces for Angels in Action; Disseminate and distribute these media and marketing pieces via their wide network; Bring sales teams and support staff functions to follow up, monitor and manage clients; Place proprietary content directly into The Angels in Action System for immediate sale.

Angel Acquisition Corp. announced a full-spectrum, 'second tier', mezzanine and alternative financing joint venture agreement with Financial Solutions of America, LLC. Under the terms and conditions of the joint-venture agreement, Finance Solutions America will begin immediately expanding the types of corporate financing solutions the Company is able to offer and deliver. The company has made application with the State of Florida to own and operate a new corporate finance division: Angel Finance Group. When established, the joint venture agreement provides for the seasoned professional team of Finance Solutions America to be able to operate The Angel Finance Group as its corporate finance division.