SINGAPORE (Apr 9): Spackman Entertainment Group announced that it has entered into a non-binding memorandum of understanding (MOU) with Malaysia-based apparel brand SaltyCustoms, for the proposed partnership for the sale of merchandise based on the group’s artist and content projects via cryptocurrency.

Under this partnership, SaltyCustoms will design, manufacture, and distribute merchandise, including but not limited to, custom apparel influenced by the intellectual property assets, partnerships, network, and events of the group.

The group intends to partner with its associated company, Spackman Media Group to produce merchandise based on artists’ likeness and own designs.

Richard Lee, interim CEO and executive director of Spackman says, “The proposed partnership presents a unique opportunity for the Group to capitalise on the demand for global merchandise related to Korean content and celebrities.”

As at 12.40pm, shares in Spackman are trading 2.47% higher at 8.3 cents.