According to the MicroBanking Bulletin, at the end of 2006 there were 704 Micro-Financing Institutions that were serving 52 million borrowers, $23.3 billion in outstanding loans, and 56 million savers, $15.4 billion in deposits. Of these clients, 70% were in Asia, 20% in Latin America and the balance in the rest of the world. Micro-financing has been growing at such a rate and Angels in Action is on the verge of tapping this growing market and become a leader in the sector providing entrepreneurs worldwide the funding opportunities normally difficult to attain in these current economic conditions.

The Company is also in the process of putting together a management team to oversee the development and growth of the Angels in Action division. "We have an opportunity to cultivate our Angels in Action division to a globally recognized social networking portal for entrepreneurs giving them the ability to access financing through our micro-loan services," said Steve Bonenberger, CEO and President.

The Angels in Action portal offers entrepreneurs an alternative to traditional financing. Angels in Action provides entrepreneurs, worldwide, an open portal to find, secure and maintain an active Patron Base. The Angels in Action model for operation is fully explained on the website.

Angels in Action has a clear mission. The mission is to help entrepreneurs create thousands of good paying jobs, sustain companies that are troubled in this time of economic uncertainty and bring support systems to each and every entrepreneur that chooses to participate. For more information on Angels in Action and to subscribe to our micro-finance newsletter, visit: www.angelsinaction.tv.

In addition, the Company settled the litigation with the Securities and Exchange Commission. Pursuant to the agreement, the Company consented, without admitting or denying the allegations in the SEC's complaint filed back in 2008, to the entry of a judgment requiring the Company to pay nothing in civil penalties or disgorgement and enjoining the Company from violations of certain provisions of the federal securities laws in the future.

From time to time, the Company may issue news releases that contain 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be 'forward-looking statements.' 'Forward-looking statements' are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.

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