EX-99.1
4
v128819_ex99-1.htm
Exhibit
99.1
SOUTHPEAK
INTERACTIVE CORPORATION ACQUIRES GAMECOCK MEDIA GROUP
MIDLOTHIAN,
VA - October 14, 2008
SouthPeak
Interactive Corporation (OTC Bulletin Board: SOPK; SOPKU; SOPKW; SOPKZ), one
of
the fastest growing videogame publishers, today announced the acquisition of
Austin-based Gamecock Media Group.
Commenting
on the acquisition, Melanie Mroz, CEO of SouthPeak, stated, "Gamecock brings
us
a solid slate of upcoming titles, including Legendary, Mushroom Men and Velvet
Assassin and supports our strategy of working with independent developers.
We
are excited to give the Gamecock titles a bigger platform to
succeed."
"We
are
thrilled to be joining forces with SouthPeak to continue to bring great original
titles from independent developers to market with a stronger sales and
distribution reach", said Mike Wilson, CEO of Gamecock. "We have followed each
other's progress closely over the last two years, and combining our team with
theirs results in a very strong and well-rounded force in the
market."
SouthPeak
expects to ship Legendary and Mushroom Men in the current quarter.
About
SouthPeak Interactive Corporation
SouthPeak
Interactive Corporation develops and publishes interactive entertainment
software for all current hardware platforms including: PLAYSTATION®3 computer
entertainment system, PSP® (PlayStation® Portable) system, PlayStation®2
computer entertainment system, Xbox 360® videogame and entertainment system,
Wii™, Nintendo DS™ and PC. SouthPeak's games cover all major genres including
action/adventure, role playing, racing, puzzle strategy, fighting and combat.
SouthPeak's products are sold in retail outlets in North America, Europe,
Australia and Asia. SouthPeak is headquartered in Midlothian, Virginia, and
has
offices in Grapevine, Texas and London, England. www.southpeakgames.com This
release contains "forward-looking" statements that are made pursuant to the
Safe
Harbor provisions of the Private Securities Litigation Reform Act of 1995.
These
are statements that are predictive in nature, that depend upon or refer to
future events or conditions, or that include words such as "may", "will,"
"expects", "projects", "anticipates", "estimates", "believes", "intends,"
"plans", "should", "seeks", and similar expressions. This press release contains
forward-looking statements relating to, among other things, SouthPeak's
expectations and assumptions concerning future financial performance.
Forward-looking statements involve known and unknown risks and uncertainties
that may cause actual future results to differ materially from those projected
or contemplated in the forward-looking statements. Forward-looking statements
may be significantly impacted by certain risks and uncertainties described
in
SouthPeak's filings with the Securities and Exchange Commission.
The
risks
and uncertainties referred to above include, but are not limited to, risks
associated with SouthPeak's potential inability to compete with larger
businesses in its industry, the limitations of SouthPeak's business model,
SouthPeak's potential inability to anticipate and adapt to changing technology,
the possibility that SouthPeak may not be able to enter into publishing
arrangements with some developers, SouthPeak's dependence on vendors to meet
its
commitments to suppliers, SouthPeak's dependence on hardware manufactures to
publish new videogames, SouthPeak's potential inability to recuperate the
up-front license fees paid to console manufacturers, SouthPeak's dependence
on a
limited number of customers, SouthPeak's potential dependence on the success
of
a few videogames, SouthPeak's dependence on developers to deliver their
videogames on time, the potential of litigation, interference with SouthPeak's
business from the adoption of governmental regulations; and the inability to
obtain additional financing to grow its business.
CONTACT
Bill
Linn
Sandbox
Strategies for SouthPeak
bill@sandboxstrat.com
541-935-1279

EX - 99 . 1 4 v128819 _ ex99 - 1 . htm Exhibit 99 . 1 SOUTHPEAK INTERACTIVE CORPORATION ACQUIRES GAMECOCK MEDIA GROUP MIDLOTHIAN , VA - October 14 , 2008 SouthPeak Interactive Corporation ( OTC Bulletin Board : SOPK ; SOPKU ; SOPKW ; SOPKZ ) , one of the fastest growing videogame publishers , today announced the acquisition of Austin - based Gamecock Media Group . Commenting on the acquisition , Melanie Mroz , CEO of SouthPeak , stated , " Gamecock brings us a solid slate of upcoming titles , including Legendary , Mushroom Men and Velvet Assassin and supports our strategy of working with independent developers . We are excited to give the Gamecock titles a bigger platform to succeed . " " We are thrilled to be joining forces with SouthPeak to continue to bring great original titles from independent developers to market with a stronger sales and distribution reach " , said Mike Wilson , CEO of Gamecock . " We have followed each other ' s progress closely over the last two years , and combining our team with theirs results in a very strong and well - rounded force in the market . " SouthPeak expects to ship Legendary and Mushroom Men in the current quarter . About SouthPeak Interactive Corporation SouthPeak Interactive Corporation develops and publishes interactive entertainment software for all current hardware platforms including : PLAYSTATION ® 3 computer entertainment system , PSP ® ( PlayStation ® Portable ) system , PlayStation ® 2 computer entertainment system , Xbox 360 ® videogame and entertainment system , Wii ™ , Nintendo DS™ and PC . SouthPeak 's games cover all major genres including action / adventure , role playing , racing , puzzle strategy , fighting and combat . SouthPeak 's products are sold in retail outlets in North America , Europe , Australia and Asia . SouthPeak is headquartered in Midlothian , Virginia , and has offices in Grapevine , Texas and London , England . www.southpeakgames.com This release contains " forward - looking " statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 . These are statements that are predictive in nature , that depend upon or refer to future events or conditions , or that include words such as " may " , " will , " " expects " , " projects " , " anticipates " , " estimates " , " believes " , " intends , " " plans " , " should " , " seeks " , and similar expressions . This press release contains forward - looking statements relating to , among other things , SouthPeak 's expectations and assumptions concerning future financial performance . Forward - looking statements involve known and unknown risks and uncertainties that may cause actual future results to differ materially from those projected or contemplated in the forward - looking statements . Forward - looking statements may be significantly impacted by certain risks and uncertainties described in SouthPeak 's filings with the Securities and Exchange Commission . The risks and uncertainties referred to above include , but are not limited to , risks associated with SouthPeak 's potential inability to compete with larger businesses in its industry , the limitations of SouthPeak 's business model , SouthPeak 's potential inability to anticipate and adapt to changing technology , the possibility that SouthPeak may not be able to enter into publishing arrangements with some developers , SouthPeak 's dependence on vendors to meet its commitments to suppliers , SouthPeak 's dependence on hardware manufactures to publish new videogames , SouthPeak 's potential inability to recuperate the up - front license fees paid to console manufacturers , SouthPeak 's dependence on a limited number of customers , SouthPeak 's potential dependence on the success of a few videogames , SouthPeak 's dependence on developers to deliver their videogames on time , the potential of litigation , interference with SouthPeak 's business from the adoption of governmental regulations ; and the inability to obtain additional financing to grow its business . CONTACT Bill Linn Sandbox Strategies for SouthPeak bill@sandboxstrat.com 541 - 935 - 1279
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