SQG Spackman Equities Group Inc

Spackman Equities Group Inc. ("SEGI") (TSX VENTURE:SQG) announces its financial
results for the third quarter and nine months ended September 30, 2012. 


For the third quarter ended September 30, 2012 revenue was $1.2 million and net
income was $70,000 or $0.0004 per share. For the nine month period ended
September 30, 2012 revenue was $3.7 million and net income was $295,000 or
$0.001 per share. The increase in revenue and net income 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.


At September 30, 2012 SEGI had $8.0 million in cash, cash equivalents and
marketable securities, and investments in private companies or projects
totalling $1.2 million. There are 148,829,183 common shares outstanding. 


The complete financial statements for the three and nine months ended September
30, 2012, 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 Third Quarter



--  The Company reported positive cash flow and positive net income during
    the three and nine month periods ended September 30, 2012 
--  SEGI Investments Limited was established as a wholly-owned subsidiary to
    focus on small-cap investments in Korea 
--  Spackman Entertainment Korea Inc. was established as a wholly-owned
    subsidiary to invest selectively in films produced by the Company's
    Korean movie production subsidiaries, Opus Pictures Co. Ltd. and Zip
    Cinema Co., Ltd. 
--  SEGI, along with its wholly-owned subsidiary SEGI investments Limited,
    has accumulated over 5% of Cheongbo Industrial Co. Ltd., a Korean auto-
    parts manufacturer listed on the KOSDAQ 



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 majority ownership of two leading Korean movie
    production companies, namely, Opus Pictures Co., Ltd. ("Opus") and Zip
    Cinema Co., Ltd. ("Zip"); 

--  100% of Spackman Entertainment Korea Inc., a movie investment company
    that invests into films produced by Opus and Zip; 

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

--  17.92% equity in Intech LCD Group Limited, a China-based developer and
    manufacturer of flat panel displays and modules 



Visit www.spackmanequities.com for further information.

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

Spackman Equities (TSXV:SQG)
Gráfica de Acción Histórica
De Abr 2024 a May 2024

Spackman Equities (TSXV:SQG)
Gráfica de Acción Histórica
De May 2023 a May 2024