Pharmagen Inc (PHRX)

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Sunpeaks Ventures Announces Name Change to Pharmagen, Inc.


SILVER SPRING, Md., Jan. 14, 2013 /PRNewswire/ -- Sunpeaks Ventures, Inc. (OTCBB: SNPK) (PINKSHEETS: SNPK) (the "Company" or "Sunpeaks Ventures") announces it has changed its corporate name to Pharmagen, Inc. In conjunction with the name change, the company has a redesigned brand, logo, and will soon have a rebranded corporate website. The company's objective – to be the leader in solutions to the nation's sterile pharmaceutical crisis – remains the same. Effective immediately, the operating units of Sunpeaks Ventures, Healthcare Distribution Specialists and Bryce Rx Laboratories, will be rebranded as Pharmagen Distribution and Pharmagen Laboratories. The company also has created a new operating unit, Pharmagen Nutraceuticals, to support its growing venture into the Over-The-Counter ("OTC") market. Effective January 15th, the company's trading symbol will be PHRX.

"After almost a year of being publically traded, we are finally pulling together the pieces to be a vertically integrated company from top to bottom. We are uniquely positioned in the market as the leader in solving the nations sterile injectable crisis. Our multifaceted approach, through dynamic, independent wholesale, compounding/admix, and innovative IT solutions, allows us to be total solution provider for hospitals. The addition of a strong Chief Financial Officer, solid Executive Vice Presidents of our operating divisions, coupled with adequate debt and equity facilities, we believe will make for an exciting year," said Mackie A. Barch, CEO of Pharmagen.

About Pharmagen

Pharmagen, Inc. ("Pharmagen"), and wholly owned subsidiaries and operating divisions Pharmagen Laboratories, Pharmagen Distribution, and Pharmagen Nutraceuticals, is the leader in innovative solutions to the nations sterile pharmaceutical crisis. With a multifaceted approach, Pharmagen is meeting the demand of health provider market through dynamic, independent wholesale, compounding, and innovative IT solutions. Nationally focused, Pharmagen is a dynamic distributor of specialty drugs, compounding and admix pharmacy and producer of over-the-counter ("OTC") branded multivitamins to the healthcare provider market. Pharmagen currently functions as a just-in-time source of supply for hospitals for those products that are hard-to-find due to drug manufacturers' production shortages.

Contact: 888-264-4597 or [e-mail]