SQG Spackman Equities Group Inc

Spackman Equities Group Inc. ("SEGI") (TSX VENTURE:SQG) announced today that ALL
ABOUT MY WIFE, a romantic comedy produced by its Korean movie production
subsidiary, Zip Cinema Co., Ltd. ("Zip"), finished #1 at the Korean box office
this past weekend. Through favourable critical and word-of-mouth reviews and its
star-studded lineup, ALL ABOUT MY WIFE knocked off Hollywood blockbuster,
AVENGERS, from its two week hold on the top spot. The movie posted the best
opening weekend performance to date by a domestic film in 2012. According to
official data provided by the Korea Box Office Information System, ALL ABOUT MY
WIFE sold an estimated 887,774 tickets since its opening day on May 17, 2012,
grossing more than KRW 6.74 billion (CAD 5.88 million) over its first 5 days,
and capturing over 30% of the nation's box office gross revenues during the
period. 


With a total budget of approximately KRW 4.9 billion (CAD 4.27 million), ALL
ABOUT MY WIFE is a romantic comedy directed by Min Gyoo-dong and features top
Korean stars, Im Soo-jeong, Lee Seon-gyoon, and Ryoo Seung-yong. Lee plays a
timid husband that marries a seemingly perfect wife, but quickly discovers her
overbearing nature is too much for him to handle. To justify asking for a
divorce, he asks a womanizer (Ryoo) to seduce his wife, but the honey trap does
not turn out as expected. 


The last film produced by Zip, WOOCHI, was Korea's number one film of the year
in 2009 in terms of tickets sold (over 6.2 million tickets). With the box office
success of ALL ABOUT MY WIFE, Zip, led by its founder and CEO Eugene Lee, whom
Hollywood's Variety selected in 2007 as one of the world's "10 Producers to
Watch," has reconfirmed its reputation as one of the most skilled and respected
film production firms in Asia. 


About Spackman Equities Group Inc.

Spackman Equities Group Inc. ("SEGI") is a diversified investment holding
company that invests into and develops small/medium-sized growth companies that
possess proprietary technologies or industry-specific know-how, primarily in
Asia. The objectives of SEGI are to (i) selectively invest into or acquire
businesses with compelling growth potential at attractive valuations, (ii) build
a diversified portfolio of investments, and (iii) deliver the collective value
derived from the performance of its portfolio of investments to the shareholders
of SEGI. Currently, SEGI's investment portfolio consists of a 17.92% equity
stake in Intech LCD Group Limited, a China-based developer and manufacturer of
flat panel displays and modules, and SEGI indirectly owns, through its
subsidiaries, majority stakes in two leading Korean movie production companies,
namely, Opus Pictures Co., Ltd. and Zip Cinema Co., Ltd. 

www.spackmanequities.com

About Zip Cinema Co., Ltd.

Zip Cinema Co., Ltd. ("Zip") is a Korean movie production firm founded by
renowned film producer Eugene Lee, who was named in 2007 as one of the world's
"10 Producers to Watch" by Variety, the leading Hollywood journal. The company
was incorporated on December 23, 2005 in the Republic of Korea and engages in
the development, production, financing, and distribution of theatrical motion
pictures with a strong commitment to bringing the most original stories to the
big screen from the most innovative Korean filmmakers. From its early days, Zip
has achieved notable critical and box office success with such hits as "VOICE OF
A MURDERER" (2006) which sold 3.25 million tickets at the domestic box office
and "HAPPINESS," a film that premiered at the Toronto International Film
Festival in 2007. More recently, "WOOCHI" (2009), with 6.2 million tickets sold
domestically, became one of the highest grossing movies in Korean movie history
and also achieved significant success in overseas markets. "HAUNTERS" also
achieved over 2.5 million tickets domestically in 2010. Zip's most recent
release, ALL ABOUT MY WIFE opened in Korean theatres on May 17, 2012, and
overtook Hollywood film AVENGERS in its first debut weekend as the #1 movie at
the Korean box office, cementing Zip's industry-wide reputation as a serial
hit-maker. Films produced by Zip are licensed to ancillary markets including new
media, cable, broadcast television, and home video/DVD and its films are
distributed and shown throughout Asia. www.zipcine.com.


Spackman Equities Group Inc. owns a majority equity interest in Zip through its
entertainment subsidiary Spackman Entertainment Group Limited.

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