SQG Spackman Equities Group Inc

Spackman Equities Group Inc. ("SEGI") (TSX VENTURE:SQG) announced today that its
entertainment subsidiary, Spackman Entertainment Group Limited ("SEGL"), raised
a total of USD 2.85 million through an equity private placement of shares and
issuance of convertible notes in preparation for its proposed listing in
Singapore.


SEGL, which had 10,000 shares issued and outstanding prior to this private
placement, issued 1,850 new common shares, at a price per share of USD 1,000
(equivalent to a pre-money valuation of USD 10 million), for a total equity
financing of USD 1,850,000 to a group of private investors, including SEGI. SEGI
participated alongside the group of private investors by subscribing for 350
shares, in addition to the 6,580 SEGL shares it already owns, for a total
subscription amount of USD 350,000. As a result, SEGI owns 6,930 common shares,
or 58.48%, of the total 11,850 total outstanding shares of SEGL.


Concurrent to the equity private placement, SEGL issued two USD 500,000.00
Convertible Notes for a total amount of USD 1,000,000 to another group of
investors (the "Notes"). The Notes have a maturity of 2 years, interest rate of
2% per annum, and are convertible into common shares of SEGL at a conversion
price of USD 1,000 at any time before maturity. 


With part of the proceeds from this financing and as a preparatory
reorganization measure for SEGL's planned listing on the Catalist of the
Singapore Exchange targeted for next year, SEGL:




--  invested KRW 1 billion (USD 940,000) for 200,000 shares, or 50.25%, of
    Spackman Entertainment Korea Inc. ("SEKI"), an investment company
    incorporated in Korea that makes early-stage "seed" investments into
    films developed and produced by Zip and Opus. The remaining 49.75% of
    SEKI is owned by SEGI; 

--  purchased all 100 shares, or 100%, of Spackman Equities Limited, a
    holding company that owns 7% of each of Zip and Opus, from SEGI, for a
    consideration of CAD 700,000 in cash. As a result of this transaction,
    SEGL will now effectively own 100% of Zip and Opus before its planned
    listing. Previously, SEGL owned 93% of each of 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:




--  58.48% ownership of Spackman Entertainment Group Limited, an
    entertainment holding company that wholly-owns two leading Korean movie
    production companies, Zip Cinema Co., Ltd. and Opus Pictures Co., Ltd.;

--  49.75% of Spackman Entertainment Korea Inc., an investment company that
    invests into films developed and produced by Opus and Zip;

--  100% of SEGI Investments Limited, an investment company that invests
    into Korean public equities;



Visit www.spackmanequities.com for further information.

About Spackman Entertainment Group Limited

Spackman Entertainment Group Limited ("SEGL"), incorporated in Hong Kong on July
31, 2011, is an entertainment holding company that owns businesses engaged in
the independent production of theatrical motion pictures in Korea. SEGL seeks to
become a leading consolidator of a network of film and entertainment production
businesses and brands, primarily in Korea.


SEGL currently owns 100% of Zip Cinema Co., Ltd. ("Zip") and Opus Pictures Co.,
Ltd. ("Opus"), two of the most recognized and successful independent motion
picture production companies in Korea. Zip's most recent production, COLD EYES,
is one of the best performing films of 2013 with 5.5 million tickets sold and
grossing KRW 40 billion since its release on July 3, 2013 in Korea. Opus
Pictures is the producer of the Hollywood blockbuster, SNOWPIERCER, which opened
in Korea on July 31st at #1 at the Korean box office, breaking the record for
the best non-holiday opening ever and the fastest film to reach 4 million ticket
admissions in Korean history. SNOWPIERCER has sold over 9.3 million tickets in
Korea, grossing KRW 67 billion at the box office. SNOWPIERCER is headlined by
Hollywood stars, Chris Evans and Tilda Swinton, and is directed by
world-renowned Korean director, Bong Joon-ho.


SEGL also owns 50.25% of Spackman Entertainment Korea Inc. ("SEKI"), an
investment company incorporated in Korea that makes early-stage "seed"
investments into films developed and produced by Zip and Opus. SEKI also owns a
majority equity interest in Upper West Inc., the operator of the cafe lounge
Martini Kitchen in Korea's Gangnam district. 


On August 2, 2013, SEGL engaged PrimePartners Corporate Finance Pte. Ltd. as its
Full Sponsor to prepare for an initial public offering on the Catalist in
Singapore. Through this proposed listing, SEGL plans to raise capital to expand
Zip's and Opus' future slate of productions, make further acquisitions of
production businesses, and for general working capital. The listing is expected
to be completed in the first half of 2014.


Visit www.zipcine.com and www.opuspictures.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. 


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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