SouthPeak Interactive Goes Public Through Acquisition

Authored by Mark Hefflinger on May 14, 2008 - 7:05am.

Midlothian, Va. - Completing a deal first announced last month, video game publisher SouthPeak Interactive said on Wednesday that it has gone public by acquiring a majority stake in Global Services Partners Acquisition Corp. (GSPAC), a shell company that trades on the OTC Bulletin Board.

With the acquisition, GSPAC has changed its name to SouthPeak Interactive, and the new company has raised an unspecified amount of institutional financing.

"We are excited to enter the public markets and receive a very positive response from the investment community," said Melanie Mroz, CEO of SouthPeak.

The company exclusively utilizes independent studios to source and produce all of its video games, minimizing the company's overhead costs.

http://www.southpeakgames.com