Pharmagen Inc (PHRX)

[dragon52]

Sunspeak Ventures to pursue Legal Action to stop Defamation Campaign

SILVER SPRING, MD (04/20/12) Sunpeaks Ventures, Inc. (OTCBB: SNPK) (PINKSHEETS: SNPK) (the “Company” or “Sunpeaks Ventures”) announces that the Company has instructed its legal counsel to investigate and pursue legal action against certain organizations and individuals engaged in a smear campaign against the Company through false, defamatory and malicious statements about the Company to Sunpeaks’ current and potential vendors, partners, and customers.

"We will not stand by idly and allow Sunpeaks to be victimized by persons making baseless and scurrilous comments about the Company, whatever their motivation for doing so. The Company has a duty to its stakeholders to defend itself from unfounded and libelous smear campaigns to undermine the value of the business and interfere with our business relationships," stated Mackie A. Barch, CEO of Sunpeaks Ventures. “We are actively exploring legal options to stop these attacks and prevent them from occurring again in the future. The Company stands behind its products, team, and accuracy of its public statements.”

Mr. Barch explained that Sunpeaks is taking steps to protect its reputation and business interests, and intends to use legal processes to identify all parties responsible, stop the smear campaign, and seek compensatory and punitive damages from the individuals and organizations that have been wrongfully maligning the Company.

Sunpeaks Ventures, Inc. has retained securities law and defamation law specialists to represent its interests in these matters.

http://www.sunpeaksventures.com/latestnews.html