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.
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.
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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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