SouthPeak Interactive Corp. and Nobilis have signed a new deal to bring a range of titles to Nintendo DS(TM) and Wii(TM) in 2010 that cater for a wide variety of UK gamers. First up is Famous for Nintendo DS, which gives aspiring superstars the chance to live the pop dream by starting their own band and touring the world. Following Famous will be four titles including frantic food action with Fast Food Panic, gossiping girls in Secret Flirts, epic fantasy warfare in Spectral Force Genesis and medical mayhem in Hospital Giant.

SouthPeak Interactive Corp. announced that it has reached agreement with SunTrust Banks Inc. to extend its revolving line of credit through November 30, 2010 and increase its credit facility to $8.0 million. The amendment to SouthPeak's previous agreement with SunTrust was executed on February 17, 2010. Under its previous agreement with SunTrust, SouthPeak had a $7.5 million revolving line of credit that matured on December 31, 2009, but was extended on a month-to-month basis.

SouthPeak Interactive Corp. reported unaudited consolidated earnings results second quarter ended December 31, 2009. For the quarter, the company reported non-GAAP net income of $433,000, or $0.01 per diluted share, compared with a non-GAAP net income of $1.7 million, or $0.05 per diluted share, in the same three month period in fiscal 2009. Positive cash flow from operations of $7,000 compared with a cash flow deficit of $6.8 million for the fiscal 2009 second quarter.

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