SOUTHPEAK INTERACTIVE AND KOCH MEDIA’S DEEP SILVER

ANNOUNCE STRATEGIC ALLIANCE IN NORTH AMERICA

SouthPeak Interactive Corporation (OTC Bulletin Board: SOPK) and Deep Silver, Inc., a Koch Media Company, today announced that they will team up to bring next generation videogames from Deep Silver to North America. Deep Silver is the games label of the Koch Media Group, which is one of the largest publishers and distributor of videogames and DVD movies for European markets.

“We are pleased to partner with such a well-respected and established company as Koch Media/Deep Silver and excited to join with their experienced leadership team,” said Melanie Mroz, CEO of SouthPeak. “This strategic alliance gives us access to a great product line-up on all current generation platforms.”

“SouthPeak instantly brings a great deal of market expertise in North America to our organization,” said Geoff Mulligan, COO of Deep Silver. “Their team has a strong understanding of the product lifecycle including game development, marketing and retail placement. Most importantly, this alliance allows us to leverage their well established US publishing and distribution platform.”

Under the agreement, SouthPeak will become the exclusive partner for Deep Silver in the Americas.  As partial compensation for entering into this strategic alliance, Koch Media/Deep Silver will receive a minority stake in SouthPeak Corp.