Angel Acquisition Corp Agrees to Acquire Health and Wellness Partners, Inc.
Angel to Use Acquisitions to Springboard Into the Rapidly Growing Multi-Billion Dollar Healthcare Industry
CARSON CITY, NV and FOUNTAIN VALLEY, CA--(Marketwire - August 23, 2010) - Angel Acquisition
Corp has agreed to acquire Health and Wellness Partners, Inc., a wholly
owned subsidiary of CoreStream Energy, Inc., (PINKSHEETS: ZLUS), for terms
to be determined. The acquisition will allow Angel to aggregate companies
in the healthcare sector and advance its strategy of nurturing successful
early stage growth companies. The agreement requires Angel to issue
convertible debentures for the acquisition of Health and Wellness Partners.
Specific terms and conditions will be finalized in the Definitive Agreement
and disclosed when completed.
"This is one of the most important steps in a series of events leading to
the liquidation of the non-core assets of CoreStream Energy, formerly known
as Zealous, Inc.," said Lew Graham, special consultant for the mediation
and settlement of Zealous debt and legal issues. Mr. Graham was retained
by the former Chairman and CEO of Zealous, Inc., Milton "Todd" Ault III,
and the Board of Directors, to oversee the liquidation and disposition of
the non-oil and gas assets of CoreStream Energy, and will become the
President and Chief Operating Officer of Angel Acquisition Corp.
About Angel Acquisition Corp:
Angel Acquisition Corp, based in Carson City, NV, is a diversified asset
management company specializing in the acquisition and development of
profitable companies. Angel either obtains a majority of stock in each
company they gain control of, or the company internally develops profitable
enterprises.
About Health and Wellness Partners, Inc.
Health and Wellness Partners, Inc., located in Fountain Valley, California,
is focused on the development, sales, and distribution of a full range of
healthcare products and services through its network of vendors and
retailers. It is experienced in the identification, capitalization,
management, and expansion of small cap companies poised for rapid growth
with specialization in the health and wellness industries.
Forward-Looking Statements:
This press release contains statements relating to future results of Angel
Acquisitions Corp. (including certain projections and business trends) that
are "forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. Actual results may differ materially from
those projected as a result of certain risks and uncertainties. These risks
and uncertainties include, but are not limited to: the cyclical nature of
the real estate, financial and healthcare industries and the markets
addressed by the company's and its customers' products; demand for and
market acceptance of new and existing products; successful development of
new products; the timing of new product introductions; changes in product
mix; product obsolescence; uncertainties inherent in clinical trials and
product development programs; the availability of financing to support
real estate acquisitions, development and dispositions; the availability of
funding for continued research and studies; the availability or potential
availability of alternative therapies or treatments; the availability of
patent protection for discoveries; the ability to obtain protection for the
related intellectual property; strategic alliances; pricing pressures and
other competitive factors; the uncertainties of litigation; our ability to
attract and retain qualified personnel; as well as other risks and
uncertainties, including those detailed from time to time in Angel
Acquisition Corp. Securities and Exchange Commission filings. These
forward-looking statements are made only as of the date hereof, and the
company undertakes no obligation to update or revise the forward-looking
statements, whether as a result of new information, future events or
otherwise.