SQG Spackman Equities Group Inc

Spackman Equities Group Inc. (the "Company" or "SEGI") (TSX VENTURE:SQG) has
announced today the appointment of Alex Falconer, CPA and CA as the company's
new Chief Financial Officer with immediate effect.


Alex Falconer succeeds Kyoungwon Na, who will continue to serve as the Chief
Financial Officer (CFO) of Spackman Entertainment Group Limited ("SEGL"). In
preparation for the planned listing of SEGL tentatively targeted for July 22,
2014 on the Singapore Stock Exchange's Catalist market, the management of SEGI
is being restructured to avoid any conflicts of interest with SEGL.


Mr. Falconer, who is Certified Public Accountant and Chartered Accountant, has
18 years of experience providing corporate financial services to public and
private companies. He also acts as the CFO of Rainbow Resources Inc., a publicly
traded company on the TSX, and the CFO of Monarch Resources Inc., a publicly
traded company on the CSX.


Commenting on the appointment, Spackman Equities Group CEO Charles Spackman
said: "As we restructure our management in preparation for the planned listing
of Spackman Entertainment Group, we're delighted to appoint Alex Falconer as the
company's new CFO. He brings a wealth of experience in finance and will add
local expertise to our team."


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
industry-specific know-how or proprietary technologies, 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. As of April 30, 2014, SEGI's
holdings include:




--  44.9% ownership of Spackman Entertainment Group Limited, an
    entertainment holding company that wholly-owns Zip Cinema Co., Ltd.,
    Opus Pictures Limited Liability Company, and Spackman Entertainment
    Korea Inc.; 
    
--  100% of SEGI Investments Limited, an investment company that invests
    into Korean public equities; and 
    
--  a selective portfolio of marketable securities.



Visit www.spackmanequities.com  for further information.

About Spackman Entertainment Group Limited

Spackman Entertainment Group Limited ("SEGL") is a leading entertainment
production company that is primarily engaged in the independent development,
production, and financing of theatrical motion pictures in Korea.


Its two wholly-owned motion picture production subsidiaries, namely, Zip Cinema
Co., Ltd. ("Zip") and Opus Pictures Limited Liability Company ("Opus"), are two
of the most recognized film production labels in Korea, and have originated and
produced some of Korea's most commercially successful theatrical films for the
past seven years. Films produced by Zip and Opus are theatrically distributed
and released in Korea and overseas markets, as well as for subsequent
post-theatrical worldwide release in other forms of media, including cable
television, broadcast television, IPTV, video-on-demand, and home video/DVD,
etc. Zip and Opus' motion pictures are released into wide-theatrical exhibition
initially in Korea, and then in overseas and ancillary markets.


Collectively, Zip and Opus produced and released a total of 15 theatrical motion
pictures since 2007, the majority of which were profitable and some of which
were among the top grossing films in Korea in recent years. Recent theatrical
releases of our motion pictures include some of Korea's highest grossing and
award-winning films such as SNOWPIERCER (2013), COLD EYES (2013), and ALL ABOUT
MY WIFE (2012).


SEGL also owns 100% of Spackman Entertainment Korea Inc. ("SEKI"), an investment
company incorporated in Korea that makes early-stage investments into films
developed and produced by Zip and Opus. SEKI also owns a majority equity
interest in Upper West Inc., the operator of a trendy cafe lounge 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 board of
the Singapore Exchange. 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 brands, and for general working
capital. The listing is tentatively targeted for July 22, 2014.


Visit www.zipcine.com and www.opuspictures.com for further information.

Forward-Looking Statements

Included in this news release may be 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.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) has in any way approved or
disapproved of the contents of this press release.


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

Spackman Equities (TSXV:SQG)
Historical Stock Chart
From Nov 2024 to Dec 2024

Spackman Equities (TSXV:SQG)
Historical Stock Chart
From Dec 2023 to Dec 2024