CARSON CITY, NV--(Marketwire - June 29, 2010) - Angel Acquisition Corp (OTCBB: AGEL) is pleased to announce that after several extensive discussions, the company is finalizing the details of a joint venture agreement with one of the nation's top commercial banks. The aim of the joint venture is to expand and improve the reach and functionality of The Angels in Action micro-loan operating protocol, as described on the web site (www.angelsinaction.tv).