SQG Spackman Equities Group Inc

Spackman Equities Group Inc. ("SEGI" or the "Company") (TSX VENTURE:SQG) today
announced its financial results for the second quarter and the six months ended
June 30, 2013.


For the second quarter ended June 30, 2013 revenue was $2.1 million and the net
loss was $392,000 or $0.002 per share. For the six months ended June 30, 2013
revenue was $2.5 million and the net loss was $1.4 million or $0.009 per share.


At June 30, 2013 SEGI had $4.9 million, or $0.03 per share, in cash or cash
equivalents and marketable securities. There are 148,829,183 common shares
outstanding.


Commenting on the second quarter results, Charles Spackman, the Chairman and
Chief Executive Officer of SEGI said, "We are very pleased with the excellent
box office performance of Zip Cinema's COLD EYES and Opus Picture's SNOWPIERCER.
The production fee income from COLD EYES, if received by Zip Cinema by year-end,
should improve the Company's results for the remainder of the year. Production
fee income to Opus from SNOWPIERCER, which has not yet been released outside of
Korea, is expected be received in the second half of 2014 or later as the
production fees will be paid to Opus after the film has played in over 160
countries."


The complete financial statements for the three and six months ended June 30,
2013, including Management's Discussion and Analysis of the results, are posted
on SEGI's website, www.spackmanequities.com and are also available on SEDAR at
www.sedar.com.


Highlights of the Second Quarter and Subsequent Events 



--  On June 15, 2013, Opus Pictures Co. Ltd. ("Opus"), one of the Company's
    Korean film production subsidiaries, acquired additional voting shares
    of Film Auteur, a producer of documentary programs, and Opus now owns
    51.23% of Film Auteur. 
    
--  COLD EYES, the summer blockbuster film produced by Zip Cinema Co. Ltd.
    ("Zip") was released in Korea on July 3, 2013. Since its release, the
    movie sold over 5.5 million tickets at the Korean box office and grossed
    KRW 40 billion, making it one of the highest grossing domestic films of
    2013. 
    
--  COLD EYES has been selected as the Gala Presentation for the 2013
    Toronto International Film Festival to be held in September 2013. 
    
--  SNOWPIERCER, the critically-acclaimed sci-fi action film co-produced by
    Opus, opened in Korea on July 31, 2013, breaking the record for the best
    non-holiday opening ever and the fastest to reach 4 million tickets in
    Korean history. As of August 28, 2013, SNOWPIERCER has sold 8.9 million
    tickets in Korea, grossing KRW 64 billion at the box office. 
    
--  Spackman Entertainment Group Limited, which is a 65.8% subsidiary of
    SEGI, announced in August 2013 that it has engaged PrimePartners
    Corporate Finance Pte. Ltd. as full sponsor to pursue a potential
    listing on the Catalist board of the Singapore Exchange Securities
    Trading Limited. Spackman Entertainment is an entertainment holding
    company that owns operating businesses engaged in the independent
    production of theatrical motion pictures in Korea, and seeks to become a
    leading consolidator of film and entertainment production businesses and
    brands, primarily in Korea. Spackman Entertainment currently owns two
    operating subsidiaries, namely Zip and Opus. 



About Spackman Equities Group Inc.

Spackman Equities Group Inc. ("SEGI") is an 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, Zip Cinema Co., Ltd. and Opus Pictures Co., Ltd., through    
    Spackman Entertainment Group Limited and others;                        
                                                                            
  - 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


Forward-Looking Statements

Included in this news release are matters that constitute "forward-looking"
information within the meaning of Canadian securities law. Such forward-looking
statements may be identified by words such as "plans", "proposes", "estimates",
"intends", "expects", "believes", "may" or words of a similar nature. There can
be no assurance that such statements will prove to be accurate. Actual results
and future events could differ materially from such statements. Factors that
could cause actual results to differ materially include among others, regulatory
risks, risk inherent in foreign operations, commodity prices and competition.
Most of these factors are outside the control of the Company. All subsequent
forward-looking statements attributable to the Company or its agents are
expressly qualified in their entirety by these cautionary comments. Except as
otherwise required by applicable securities statutes or regulation, the Company
expressly disclaims any intent or obligation to update publicly forward-looking
information, whether as a result of new information, future events or otherwise.


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

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