SouthPeak Interactive Corporation Deploys Digital Distribution Strategy with Launch of 'Roogoo' on Microsoft's Xbox LIVE Arcade

Business Wire, June 4, 2008

MIDLOTHIAN, Va. -- SouthPeak Interactive Corporation (OTC Bulletin Board: GSPA; GSPAW; GSPAZ) today announced its first digitally distributed game with the release of Roogoo on Xbox LIVE([R])Arcade for the Xbox 360[R] video game and entertainment system from Microsoft.

"We look to digital distribution as a new opportunity that will contribute to both top and bottom line growth," said Melanie Mroz, CEO of SouthPeak. "The company is looking at other revenue opportunities in the digital space. It's a very attractive marketplace that allows us to deploy a broad range of games to a new customer base."

As the last remaining Roogoo, your mission is to collect meteors by rotating platforms in this extremely addictive, original, fast-paced puzzler. In the game, players must turn platforms in order to align falling blocks with the correct shapes. However, with every level you conquer comes a new set of obstacles even more treacherous than the last. New shapes will appear along with other challenges like evil Meemoos blocking platforms, shapes traveling up rather than down, and even more fun and exciting trials.

Developed by SpiderMonk Entertainment, Roogoo features five creative worlds, loaded with over 45 frenzied puzzles. Play four-player co-op in Party Play and finish levels jointly with friends, or compete against each other head to head over Xbox LIVE in Race mode. Race to correctly pair blocks and shapes to get combos while filling up your combo bar to attack your opponent's platforms with hungry Meemoos. Every mistake you make will add damage to your health bar; receive enough damage and your opponent will be victorious.

Roogoo has a free demo available now, and the full game can be purchased for 800 Microsoft points. For more visit www.southpeakgames.com.

About SouthPeak Interactive Corporation

SouthPeak Interactive Corporation develops and publishes interactive entertainment software for all current hardware platforms including: PLAYSTATION(R)3 computer entertainment system, PSP(R) (PlayStation(R) Portable) system, PlayStation(R)2 computer entertainment system, Xbox 360(TM) videogame and entertainment system, Wii(TM), Nintendo DS(TM) 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

About SpiderMonk Entertainment

SpiderMonk Entertainment is a multiplatform development company bringing console, handheld, and PC games and entertainment software to all audiences. As a new studio founded in 2004 by industry veterans we are a company focused on technology, creativity, and originality. SpiderMonk is bringing innovative and original game content to everyone. www.spidermonk.com.

This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Factors that could cause or contribute to such differences in results and outcomes include, but are not limited to: market conditions for SouthPeak's published videogames; market performance of SouthPeak's videogames and the related impact on revenue and funds inflows/outflows and operational risks; and market conditions for the videogame industry. Forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

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