SQG Spackman Equities Group Inc

Spackman Equities Group Inc. ("SEGI") (TSX VENTURE:SQG) announced today that it
has entered into a Share Sale and Purchase Agreement to sell all 198,000 shares,
or 49.75%, of its ownership in Spackman Entertainment Korea Inc. ("SEKI"), a
motion picture investment company that invests into films produced by Opus
Pictures Co., Ltd. and Zip Cinema Co., Ltd., to its majority-owned subsidiary,
Spackman Entertainment Group Limited ("SEGL"), for a consideration of CAD
880,000 in cash. This non arm's-length transaction was effected as part of a
reorganizing exercise in preparation of SEGL's planned listing on the Catalist
board of the Singapore Exchange targeted for the first half of next year. As a
result of this restructuring transaction, SEGL will now effectively own 100% of
SEKI before its planned listing.


In addition, SEGI announced that it will increase its ownership in SEGL by
purchasing 800 newly issued shares of SEGL at USD 1,000 per share, in addition
to the 6,930 SEGL shares it already owns, for a total subscription amount of USD
800,000. After the completion of this subscription, SEGI will own 7,730 shares,
or 55.4%, of the 13,950 total issued and outstanding shares of SEGL.


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:




  - 55.4% 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.; 
                                                                            
  - 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.


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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