SQG Spackman Equities Group Inc

Spackman Equities Group Inc. (the "Company" or "SEGI") (TSX VENTURE:SQG) today
reported its financial results for the year ended December 31, 2012. 


Revenue for the year ended December 31, 2012, was $6,234,000 compared to $53,000
in 2011, not including revenue of $397,000 from discontinued operations in 2011.
The increase in revenue is primarily attributable to the commercial success of
the film, All About My Wife, which was produced by SEGI's subsidiary ZIP Cinema
Co., Ltd. All About My Wife became Korea's highest grossing romantic comedy of
all time.


Net loss for the year was $914,000 or $0.007 per share compared with a net loss
of $608,000 or $0.012 for fiscal 2011.


Earnings (loss) before interest, taxes, depreciation and amortization (EBITDA)
for 2012 was ($308,000). 


At December 31, 2012, SEGI had $6,745,000 million in cash, cash equivalents and
marketable securities. There are 148,829,183 common shares outstanding. 


EBITDA for 2012 was calculated by deducting from the loss for the year $606,000
for interest, income taxes, depreciation and amortization. EBITDA is not defined
by International Financial Reporting Standards ("IFRS") and the Company's use of
such term or measurement of such item may vary from that of other companies. The
EBITDA calculation is provided as additional detail so that investors may have a
better understanding of the significant events and transactions which have
affected the Company's results.


The audited financial statements for the year ended December 31, 2012, and
Management's Discussion and Analysis of the results, are posted on SEDAR at
www.sedar.com.


Highlights of Fiscal 2012



--  In the first quarter of 2012, the Company purchased 55% of Team Vision
    International Limited which owned approximately 93% of each of Opus
    Pictures Co., Ltd. ("Opus") and Zip Cinema Co., Ltd. ("Zip"). Opus and
    Zip are independent Korean based motion picture production companies.
    Team Vision International Limited subsequently changed its name to
    Spackman Entertainment Group Limited. 
    
--  In the second quarter of 2012, Zip released ALL ABOUT MY WIFE, a
    romantic comedy, which quickly became the top box office film in Korea.
    The film has sold over 4.58 million tickets in Korea and became Korea's
    highest-grossing romantic comedy of all time. 
    
--  The Company completed a private placement of common shares in the second
    quarter of 2012 for gross proceeds of $4.35 million which further
    strengthened the Company's cash and financial position. 
    
--  In the third quarter of 2012, the Company established a wholly-owned
    subsidiary in Korea by the name of Spackman Entertainment Korea Inc. to
    invest into the slate of films to be produced by Opus and Zip. Also in
    the third quarter, the Company's subsidiary Spackman Entertainment Korea
    Inc. acquired a 67% interest in Upper West Inc., which is the owner and
    operator of the Martini Kitchen, an entertainment cafe and lounge
    located in Seoul, Korea. 
    
--  In the third quarter of 2012, the Company established a wholly-owned
    investment company by the name of SEGI Investments Limited ("SIL"). SIL
    seeks mid-to-long term capital appreciation by investing in a
    concentrated portfolio of equity securities of publicly traded Korean
    small capitalization companies. 
    
--  In the fourth quarter of 2012, the Company increased its ownership in
    Spackman Entertainment Group Limited from 55% to 65.8% and, as a result,
    the Company now owns indirectly approximately 68.2% of each of Opus and
    Zip; 
    
--  In the fourth quarter of 2012, the Company sold its 17.92% stake in
    Intech LCD Group Inc. back to the original owner for a price equal to
    the Company's acquisition cost of the shares. 
    
--  In the fourth quarter of 2012, the Company and SIL accumulated a stake
    of more than 5% of Cheongbo Industrial Co., Ltd., a Korean auto-parts
    manufacturer listed in Korea. The Company disposed of this stake in the
    first quarter of 2013 and realized a gain of $409,000. 
    
--  The Company reported positive cash flow and positive net income for the
    first time during the three and nine months ended September 30, 2012.
    For the third quarter revenue was $1.2 million and net income was
    $70,000 or $0.0004 per share. 
    
--  Revenue for the 2012 year improved to $6,324,000 from $53,000 in 2011,
    not including revenue of $397,000 from discontinued operations in 2011,
    mainly as a result of the revenue generated by the film ALL ABOUT MY
    WIFE, and the Company recorded EBITDA of ($308,000) for the year
    (compared with a net loss of $608,000 for 2011).



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. SEGI also makes investments in selected publicly-traded companies that
SEGI believes are attractive investment propositions. The objectives of SEGI are
to (i) invest into or acquire businesses with compelling growth potential at
attractive valuations, (ii) build a diversified and balanced 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
holdings include:




--  indirectly-held 68.2% ownership of two leading Korean movie production
    companies, Opus Pictures Co., Ltd. ("Opus") and Zip Cinema Co., Ltd.
    ("Zip"); 
    
--  100% of Spackman Entertainment Korea Inc., an investment company that
    invests into films produced by Opus and Zip; 
    
--  indirectly-held 67.4% ownership of Upper West Inc. which owns and
    operates the Martini Kitchen, an entertainment cafe and lounge located
    in Seoul, Korea: 
    
--  100% of SEGI Investments Limited, an investment company that invests
    into Korean public equities;



Visit www.spackmanequities.com for further information.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Spackman Equities Group Inc.
Thomas Chiu
Investor Relations
+852 3902 3287
info@spackmanequities.com
www.spackmanequities.com

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