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Sunpeaks Ventures Files Defamation Lawsuit

SILVER SPRING, Md., May 1, 2012 /PRNewswire/ -- Sunpeaks Ventures, Inc. (OTCBB: SNPK) (the "Company" or "Sunpeaks Ventures") announced today that is has filed a Complaint in the Circuit Court for Montgomery County, Maryland against Deal Flow Media, Inc., Thomas Siudak, Red Carpet Books, Inc., and Bill Martlink alleging that they engaged in a systematic series of false, defamatory, and malicious statements as part of a larger conspiracy in an attempt to cause harm to the Company.

"We said last week that we will not stand by idly and allow Sunpeaks to be victimized by persons making baseless and scurrilous comments about the Company.  Today, we are backing up that statement," stated Mackie A. Barch, CEO of Sunpeaks Ventures.  "And it is very possible that, as we continue to investigate, we will seek to hold accountable other participants."

About Sunpeaks Ventures, Inc.

Sunpeaks Ventures, Inc. and its wholly owned subsidiary Healthcare Distribution Specialists, LLC ("HDS"), is a nationally focused, value-added distributor of specialty drugs and over-the-counter ("OTC") branded multivitamins to the healthcare provider market.  HDS also owns and markets Clotamin®, a specialized over-the-counter multivitamin product designed exclusively for use by patients also on Warfarin®, a popular blood thinner that has a long list of known adverse drug and food interactions.

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Safe Harbor Statement

Information in this document constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  The words "forecast", "anticipate", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements.  These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause Sunpeaks Ventures' actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements.  The risks, uncertainties and other factors are more fully discussed in Sunpeaks Ventures' filings with the U.S. Securities and Exchange Commission.  All forward-looking statements attributable to Sunpeaks Ventures herein are expressly qualified in their entirety by the above-mentioned cautionary statement.  Sunpeaks Ventures disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.

SOURCE Sunpeaks Ventures, Inc.
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