Armor Games sponsor flash games. When they say they support you through the development process, they mean they give you ideas and direction, not actual programming help. Also, the downside to getting sponsorship with Armor Games is that once they pay you, the only version on the internet allowed is the one with their logo in it, and noone elses. Basically, it's a one time lump sum advertising contract, and earns you a lot less than you could make with a decent game.
Better options are fledgling ad services like MochiAds (mochiads.com), as they continue bringing in money, even if your site is stolen by minority portals from your own website or from newgrounds, and also getting non-exclusive sponsorship deals. Basically, in contrast to Armor Games, a non-exclusive deal means the company buys a branded version to put on their website. You can continue to license your game in this matter, as the companies you license to do not own your game or it's advertising space, just the version on their site. It is also common practise to site-lock the game to their site, so that it can't be distributed in place of your MochiAd enabled version, or code it so that if the game is played from another site, MochiAds will display in place of the sponsor advertisement. For non-exclusive licensing, I would suggest you go to flashgamelicense.com. They charge nothing, but request a 10% commission, which is well worth it given the kind of deals they can fetch.
If you'd like to know more, pm me.
(I'm not affiliated with either company, by the way)