Angel Acquisition Corp. was formed in 1999 as Palomar Enterprises and serviced the residential mortgage market as a licensed real estate mortgage broker. Angel Acquisition now buys, renovates, and sells residential real estate, while actively pursuing foreclosed and financially distressed properties to buy and re-sell.
The company now employs seven full-time licensed real estate agents and licensed mortgage brokers. In May of 2008, the company announced the completion of the sale of The BlackHawk Fund, its principle subsidiary.
Angel Acquisition Corp. is a diversified company that acquires already-profitable businesses in a variety of different industries in order to spin off each venture as a publicly traded business. Angel Acquisition Corp. maintains a majority stock in each company we obtain, creating multiple subsidiaries that consolidate financials on the balance sheet.
Through the various acquisitions of profitable companies, Angel Acquisition Corp. has the ability to experience extraordinary growth through diverse holdings in multiple industries. Private companies turning large profits, and with a potential to net higher profits in the industry, are analyzed and considered as candidates for acquisition.
Once it has been decided, Angel Acquisition Corp. obtains a majority interest in the company and attempts to raise significant capital through equity placements.
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