8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 11, 2013

SPAR Group, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware  (State or Other Jurisdiction of Incorporation)	0-27824 (Commission File No.)	33-0684451 (IRS Employer Identification No.)

333 Westchester Avenue, South Building, Suite 204, White Plains, NY	10604
(Address of Principal Executive Offices)	(Zip Code)
Registrant's telephone number, including area code: (914) 332-4100
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02.     Results of Operations and Financial Condition.

On November 14, 2013, we, SPAR Group, Inc. ("SGRP" or the "Registrant"), and its subsidiaries (together with SGRP, "we", "our" or the "Company"), issued a press release (the "Earnings Release") reporting our financial results for our fiscal quarter and six-month period that ended on September 30, 2013 (our "2013 Third Quarter").

A copy of the Earnings Release is attached to this Current Report on Form 8-K (this "Report") as Exhibit 99.1 and is hereby incorporated herein by reference.

Item 8.01.     Other Events.

On November 11, 2013, we issued a press release (the "Call Release") announcing that Mr. Gary Raymond, our President and Chief Executive Officer, and Mr. Jim Segreto, our Chief Financial Officer, will host a shareholder update conference call on Thursday, November 14, 2013, at 11:00 a.m. Eastern Time. During the call management will discuss the Company's 2013 Third Quarter financial results and provide a shareholder update on recent business developments.

Conference Call Details:

Date: Thursday, November 14, 2013

Time: 11:00 a.m. EST

TOLL-FREE: 1-877-941-4774

TOLL/INTERNATIONAL: 1-480-629-9760

It is recommended that participants dial in approximately 5 to 10 minutes prior to the start of the 11:00 a.m. call. A telephonic replay of the conference call may be accessed approximately three hours after the call through November 14, 2013 by dialing 1-877-870-5176, or 1-858-384-5517 for international callers, and entering the replay pin number 4649005.

There will also be a simultaneous audio feed webcast and archived recording of the conference call available at http://www.sparinc.com under the "Investor Relations" menu section and "News Releases" sub-menu of the website, or you may use the link audio feed and archived recording of the conference call available at http://www.viavid.net/.

A copy of the Call Release is attached to this Report as Exhibit 99.2 and is hereby incorporated herein by reference.

Information Not "Filed"

The information in Items 2.02 and 8.01 of this Report and the Earnings Release and the Call Release (collectively, the "Release"), and any information that may be conveyed in such conference call, shall, to the greatest extent permitted by applicable law, not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section. Such information, to the extent deemed or determined to have been not "filed" under applicable law, shall not be deemed incorporated by reference in any filing by us under the Securities Act of 1933, as amended (the "Securities Act"), except as shall be expressly set forth by specific reference in such a filing.

Forward Looking Statements

Statements contained in this Report and the attached Release, and any statements that may be made in such conference call, include "forward-looking statements" within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange and other applicable federal and state securities laws, rules and regulations, each as amended (together with the Securities Act and Exchange Act, collectively, "Securities Laws"). Forward looking statements are also included in SGRP's Annual Report on Form 10-K for the fiscal year ended December 31, 2012, as filed with the Securities and Exchange Commission (the "SEC") on April 2, 2013 (the "Annual 2012 Report"), SGRP's Proxy Statement for its 2013 Annual Meeting of Stockholders as filed with the SEC on April 19, 2013 (the "2013 Proxy Statement"), in SGRP's Quarterly Reports on Form 10-Q as filed with the SEC from time to time after the Annual Report (each a "Quarterly Report"), and the Company's other filings with the SEC under applicable Securities Laws (including this Report, SGRP's Annual Report, Proxy Statement and Quarterly Report(s), each a "SEC Report"). The Company's SEC Reports are available on the Company's website at http://investors.sparinc.com).

-1-

Forward looking statements include (without limitation) any statements relating to anticipated, prospective or desired customers, acquisitions, growth or markets, trends, updates, or other anticipated, estimated, expected or desired assets, business, capital, cash flow, credit, expenses, financial condition, income, liabilities, liquidity, locations, marketing, operations, profits, prospects, sales, strategies, taxation, valuation or other achievement, results, risks or condition. You can identify forward-looking statements in such information by the Company's use of terms such as "may", "will", "expect", "intend", "believe", "estimate", "anticipate", "continue" or similar words or variations or negatives of those words.

You should carefully consider all forward-looking statements, risk factors and the other risks, cautions and information noted in this Report, the Company's 2012 Annual Report and the Company's other SEC Reports that could cause the Company's actual assets, business, capital, cash flow, credit, expenses, financial condition, income, liabilities, liquidity, locations, marketing, operations, prospects, sales, strategies, taxation or other achievement, results, risks or condition to differ materially from those anticipated by the Company and described in the information in the Company's forward-looking statements, whether express or implied, as the Company's anticipations are based upon the Company's plans, intentions, expectations and best estimates and (although the Company believe them to be reasonable) involve known and unknown risks, uncertainties and other factors that could cause them to fail to occur or be realized or to be materially and adversely different from those the Company anticipated.

Although the Company believes that its plans, intentions, expectations and estimates reflected or implied in such forward-looking statements are reasonable, the Company cannot assure you that such plans, intentions, expectations or estimates will be achieved in whole or in part, that the Company has identified all potential risks, or that the Company can successfully avoid or mitigate such risks in whole or in part. You should carefully review the risk factors described in Item 1A – "Risk Factors" in the Company's 2012 Annual Report and any other risks, cautions or information contained in or incorporated by reference into any applicable SEC Report. All forward-looking and other statements and information attributable to the Company or persons acting on its behalf are expressly subject to and qualified by all such risk factors and other risks, cautions and information.

You should not place undue reliance on the Company's forward-looking statements and similar information because the matters they describe are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond its control. The Company's forward-looking statements, risk factors and other risks, cautions and information (whether contained in this Quarterly Report or other applicable SEC Report) are based on the information currently available to the Company and speak only as of the date specifically referenced, or if no date is referenced, then as of December 31, 2012, in the case of the 2013 Proxy Statement or the last day of the period covered thereby in the case of any other applicable SEC Report. New risks and uncertainties arise from time to time, and it is impossible for the Company to predict these matters or how they may arise or affect the Company. Over time, the Company's actual assets, business, capital, cash flow, credit, expenses, financial condition, income, liabilities, liquidity, locations, marketing, operations, prospects, sales, strategies, taxation or other achievements, results, risks or condition will likely differ from those expressed or implied by the Company's forward-looking statements, and such difference could be significant and materially adverse to the Company and the value of your investment in the Company's Common Stock.

The Company does not intend or promise, and the Company expressly disclaims any obligation, to publicly update or revise any forward-looking statements, risk factors or other risks, cautions or information statements (in whole or in part), whether as a result of new information, future events or recognition or otherwise, except as and to the extent required by applicable law.

-2-

Item 9.01.    Financial Statements and Exhibits.

(a)	Exhibits:
	99.1	Press Release of the Registrant dated November 14, 2013, as attached hereto.

99.2 Press Release of the Registrant dated November 11, 2013, as attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	SPAR Group, Inc.
Date:  November 14, 2013	By:	/s/ James R. Segreto
		James R. Segreto, Chief Financial Officer

-3-

EXHIBIT INDEX

Exhibit Number	Description
99.1	Press Release of the Registrant dated November 14, 2013, as attached hereto.
99.2	Press Release of the Registrant dated November 11, 2013, as attached hereto.

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EX-99

Exhibit 99.1

SPAR Group Announces Third Quarter 2013 Revenue Increase to $27.8 Million

WHITE PLAINS, N.Y., November 14, 2013 -- SPAR Group, Inc. (NASDAQ: SGRP) ("we", the "Company" or "SPAR Group"), a leading supplier of retail merchandising and other marketing services throughout the United States and internationally, today announced financial results for the third quarter and nine months ending September 30, 2013.

Company Highlights

● Third Quarter 2013

o Revenue increased 9% to $27.8 million

o International revenue increased 15% to $16.4 million

o Net income was $331,000 or $0.02 per diluted share

● Nine months of 2013

o Net revenues increased 16% to $80.2 million

o Domestic revenues increased $1.2 million to $32.4 million

o International revenues increased 26% to $47.8 million

o Net income was $244,000 or $0.01 per diluted share

Gary Raymond, Chief Executive Officer of SPAR Group, commented, “Management is pleased with the overall revenue growth that the Company has achieved throughout the third quarter and nine month period ended September 30, 2013. SPAR’s top line success continues to be driven by our international business, most notably the integration of the acquisitions in South Africa and India and the organic growth of our operations in China and Mexico. Domestically, we completed the integration of the MFI transaction which is now providing profitable revenue to our bottom-line.”

Mr. Raymond continued, “Going forward management will continue to implement stringent cost reduction initiatives in order to reduce operating expenditures and increase margins throughout all business operations. The Company’s balance sheet remains strong, which will allow us to leverage our proven growth strategy of targeting and acquiring immediately accretive acquisitions. Management expects to capitalize on the numerous growth opportunities ahead as we increase overall profitability during the fourth quarter, traditionally our strongest period.”

Financial Results for the three and nine-month periods ended September 30, 2013 and 2012

	For the Three Months Ended September 30,											For the Nine Months Ended September 30,
						Change											Change
	2013		2012			$			%			2013		2012			$			%
Net revenue:
Domestic	$	11,327	$	11,016		$	311			3	%	$	32,390	$	31,182		$	1,208			4	%
International		16,426		14,341			2,085			15	%		47,762		37,802			9,960			26	%
Total	$	27,753	$	25,357		$	2,396			9	%	$	80,152	$	68,984		$	11,168			16	%
Gross profit:
Domestic	$	3,446	$	3,243		$	203			6	%	$	9,908	$	9,945		$	(37	)		-	%
International		3,079		3,072			7			-	%		8,992		8,484			509			6	%
Total	$	6,525	$	6,315		$	210			3	%	$	18,900	$	18,429		$	472			3	%
Net income (loss) attributable to SPAR Group, Inc.:
Domestic	$	192	$	617		$	(425	)		(69	)%	$	236	$	1,808		$	(1,572	)		(87	)%
International		139		(39	)		178			456	%		8		(205	)		213			104	%
Total	$	331	$	578		$	(247	)		(43	)%	$	244	$	1,603		$	(1,359	)		(85	)%
Earnings per diluted share:
	$	0.02	$	0.03		$	(0.01	)				$	0.01	$	0.07		$	(0.06	)

As of August 31, 2013, the Company divested its interests in its Romanian subsidiary. As a result, the table above and attached financial statements reflect accounting for that subsidiary as a discontinued operation. Consolidated net revenue for the three and nine month periods ended September 30, 2013, increased 9% and 16%, respectively, when compared to the same periods in 2012. The increases in net revenue were primarily due to a strong performance from our subsidiaries in South Africa, India, China, Mexico and Japan. Continued growth in SPAR Group's domestic operations also contributed to the increase and was primarily due to incremental revenue from the recent acquisition of general merchandising and in-store audit services from Market Force Information, which was partially offset by a decrease in syndicated service and other project work.

Consolidated gross profit for the three and nine month periods ended September 30, 2013, were slightly ahead of last year’s levels. The Company’s gross profit margins were 24% for both the three and nine month periods ended September 30, 2013 compared to 25% and 27% for the same periods in 2012. Gross profit margins domestically were 30% and 31% for the three and nine month periods, ended September 30, 2013, respectively as compared to 29% and 32% for the same periods in 2012. The Company continues to focus on managing the mix of project work compared to syndicated work on a year-over-year basis. International gross profit margins were 19% for both the three and nine month periods ended September 30, 2013 compared to 21% and 22% for the same periods in 2012. The decrease in international gross margin percentages were primarily due to higher cost margin business in the new markets of Turkey, India and the unfavorable mix of business in Australia, Japan and China.

Net income attributable to SPAR Group decreased 43% and 85% for the three and nine month periods ended September 30, 2013, respectively, when compared to the same period a year ago. The decreases in net income for the three and nine month periods ended September 30, 2013, were driven primarily by increased spending in our domestic operations partially offset by improved international operations. 

Balance Sheet as of September 30, 2013

As of September 30, 2013, cash and cash equivalents were $3.1 million. Working capital was $8.6 million and the Company's current ratio was 1.6 to 1.  Total current assets and total assets were $23 million and $29.9 million, respectively.  Total current liabilities and total liabilities were $14.4 million and $14.6 million, respectively.  Shareholders' equity was $15.4 million at September 30, 2013.

Later today, the Company plans to file its Quarterly Report on Form 10-Q with the Securities and Exchange Commission and will host a shareholder conference call on Thursday, November 14, 2013 at 11:00 a.m. eastern time during which time Mr. Gary Raymond, President and Chief Executive Officer, and Mr. James Segreto, Chief Financial Officer, will discuss the Company's third quarter 2013 financial results and provide a shareholder update on recent business developments.

Conference Call Details:
Date: Thursday, November 14, 2013
Time: 11:00 a.m. ET
TOLL-FREE: 1-877-941-4774
TOLL/INTERNATIONAL: 1-480-629-9760

It is recommended that participants dial in approximately 5 to 10 minutes prior to the start of the 11:00 a.m. call.  A telephonic replay of the conference call may be accessed approximately three hours after the call through November 21, 2013 by dialing 1-877-870-5176, or 1-858-384-5517 for international callers, and entering the replay pin number 4649005.

There will also be a simultaneous audio feed webcast and archived recording of the conference call available at http://www.sparinc.com under the "Investor Relations" menu section and "News Releases" sub-menu of the website, or you may use the link audio feed and archived recording of the conference call available at http://www.viavid.net/.

About SPAR Group

SPAR Group, Inc. is a diversified international merchandising and marketing services Company and provides a broad array of services worldwide to help companies improve their sales, operating efficiency and profits at retail locations.  The Company provides merchandising and other marketing services to manufacturers, distributors and retailers worldwide, primarily in mass merchandiser, office supply, grocery, drug, independent, convenience, electronics, toy and specialty stores, as well as providing furniture and other product assembly services, audit services, in-store events, technology services and marketing research. The Company has supplied these project and product services in the United States since certain of its predecessors were formed in 1979 and internationally since the Company acquired its first international subsidiary in Japan in May of 2001 . Product services include restocking and adding new products, removing spoiled or outdated products, resetting categories "on the shelf" in accordance with client or store schematics, confirming and replacing shelf tags, setting new sale or promotional product displays and advertising, replenishing kiosks, providing in-store event staffing and providing assembly services in stores, homes and offices. Audit services include price audits, point of sale audits, out of stock audits, intercept surveys and planogram audits. Other merchandising services include whole store or departmental product sets or resets (including new store openings), new product launches, in-store demonstrations, special seasonal or promotional merchandising, focused product support and product recalls.  The Company operates throughout the United States and internationally in 10 of the most populated countries, including China and India.  For more information, visit the SPAR Group's website at http://www.sparinc.com/.

Forward-Looking Statements

Certain statements in this news release and made in the update conference call are forward-looking, including (without limitation) expectations or guidance respecting continuing balance sheet strength, customer contract expansion, growing revenues and becoming profitable through organic growth and acquisitions, attracting new business that will increase SPAR Group's revenues, improving product mix, continuing to maintain or reduce costs and consummating any transactions. Undue reliance should not be placed on such forward-looking statements because the matters they describe are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond the Company's control.  The Company's actual results, performance and trends could differ materially from those indicated or implied by such statements as a result of various factors, including (without limitation) the continued strengthening of SPAR Group's selling and marketing functions, continued customer satisfaction and contract renewal, new product development, continued availability of capable dedicated personnel, continued cost management, the success of its international efforts, success and availability of acquisitions, availability of financing and other factors, as well as by factors applicable to most companies such as general economic, competitive and other business and civil conditions. Information regarding certain of those factors and other risk factors and cautionary statements that could affect future results, performance or trends are discussed in SPAR Group's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings made with the Securities and Exchange Commission from time to time.  All of the Company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements.

Contact:

James R. Segreto

Chief Financial Officer

SPAR Group, Inc.

(914) 332-4100

Investors:

Chris Camarra

Alliance Advisors, LLC

(212) 398-3487

SPAR Group, Inc.
Consolidated Statements of Income and Comprehensive Income

(unaudited)

(in thousands, except per share data)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Net revenues	$	27,753		$	25,357		$	80,152		$	68,984
Cost of revenues		21,228			19,042			61,252			50,555
Gross profit		6,525			6,315			18,900			18,429
Selling, general, and administrative expense		5,747			5,112			16,900			15,518
Depreciation and amortization		388			297			1,097			859
Operating income		390			906			903			2,052
Interest expense		28			32			80			95
Other income, net		(5	)		(29	)		(73	)		(36	)
Income before provision for income taxes		367			903			896			1,993
Income taxes expense (benefits)		(139	)		62			200			134
Income from continuing operations		506			841			696			1,859
Income from discontinued operations		17			18			98			95
Net income		523			859			794			1,954
Net income attributable to the non-controlling interest		(192	)		(281	)		(550	)		(351	)
Net income attributable to SPAR Group, Inc.	$	331		$	578		$	244		$	1,603
Basic income per common share:
Continuing operations	$	0.02		$	0.03		$	0.01		$	0.08
Discontinued operations	$	–		$	–		$	–		$	–
Diluted income per common share:
Continuing operations	$	0.02		$	0.03		$	0.01		$	0.07
Discontinued operations	$	–		$	–		$	–		$	–
Weighted average common shares - basic		20,503			20,275			20,483			20,175
Weighted average common shares - diluted		21,781			21,987			21,708			21,682
Net income	$	523		$	859		$	794		$	1,954
Other comprehensive income (loss):
Foreign currency translation adjustments		56			158			(505	)		(37	)
Comprehensive income	$	579		$	1,017		$	289		$	1,917
Comprehensive income attributable to non-controlling interest		(192	)		(281	)		(550	)		(351	)
Comprehensive income (loss) attributable to SPAR Group, Inc.	$	387		$	736		$	(262	)	$	1,566

SPAR Group, Inc.

Consolidated Balance Sheets

(in thousands, except share and per share data)

		September 30, 2013			December 31, 2012
		(unaudited)			(note)
Assets
Current assets:
	Cash and cash equivalents	$	3,111		$	1,792
	Accounts receivable, net		19,037			21,414
	Deferred income tax		178			194
	Prepaid expenses and other current assets		710			596
Total current assets			23,036			23,996
Property and equipment, net			2,039			1,777
Goodwill			1,792			1,792
Intangibles			2,410			1,468
Other assets			651			237
Total assets		$	29,928		$	29,270
Liabilities and equity
Current liabilities:
	Accounts payable	$	4,024		$	4,177
	Accrued expenses and other current liabilities		5,419			6,729
	Accrued expense due to affiliates		2,159			705
	Customer deposits		627			263
	Lines of credit		2,214			2,393
Total current liabilities			14,443			14,267
Long-term debt and other liabilities			129			268
Total liabilities			14,572			14,535
Equity:
SPAR Group, Inc. equity
	Preferred stock, $.01 par value:
	Authorized and available shares - 2,445,598
	Issued and outstanding shares – None - September 30, 2013
	None - December 31, 2012		-			-
	Common stock, $.01 par value:
	Authorized shares - 47,000,000
	Issued shares – 20,647,969 – September 30, 2013
	20,469,471 – December 31, 2012
	Outstanding shares – 20,519,319 – September 30, 2013
	20,456,453 – December 31, 2012		206			205
	Treasury stock, at cost, 128,650 shares		(252	)		(26	)
	Additional paid-in capital		15,267			14,738
	Accumulated other comprehensive loss		(887	)		(382	)
	Accumulated deficit		(1,452	)		(1,696	)
Total SPAR Group, Inc. equity			12,882			12,839
Non-controlling interest			2,474			1,896
Total equity			15,356			14,375
Total liabilities and equity		$	29,928		$	29,270

Note: The Balance Sheet at December 31, 2012, is excerpted from the consolidated audited financial statements as of that date but does not include certain information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.

EX-99

Exhibit 99.2

SPAR Group Announces Third Quarter 2013 Shareholder Update Call

WHITE PLAINS, N.Y., Nov. 11, 2013 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (Nasdaq:SGRP) ("we", the "Company" or "SPAR Group"), a leading supplier of retail merchandising and other marketing services throughout the United States and internationally, today announced that Mr. Gary Raymond, President and Chief Executive Officer, and Mr. Jim Segreto, Chief Financial Officer, will host a shareholder update conference call on Thursday, November 14, 2013, at 11:00 a.m. Eastern Time. During the call management will discuss the Company's third quarter 2013 financial results and provide a shareholder update on recent business developments.

Conference Call Details:

Conference Call Details:

Date: Thursday, November 14, 2013

Time: 11:00 a.m. EST

TOLL-FREE: 1-877-941-4774

TOLL/INTERNATIONAL: 1-480-629-9760

There will also be a simultaneous audio feed webcast and archived recording of the conference call available at http://www.sparinc.com under the "Investor Relations" menu section and "News Releases" sub-menu of the website, or you may use the link audio feed and archived recording of the conference call available at http://www.viavid.net/.

About SPAR Group

SPAR Group, Inc. is a diversified international merchandising and marketing services Company and provides a broad array of services worldwide to help companies improve their sales, operating efficiency and profits at retail locations. The Company provides merchandising and other marketing services to manufacturers, distributors and retailers worldwide, primarily in mass merchandiser, office supply, grocery, drug, independent, convenience, electronics, toy and specialty stores, as well as providing furniture and other product assembly services, audit services, in-store events, technology services and marketing research. The Company has supplied these project and product services in the United States since certain of its predecessors were formed in 1979 and internationally since the Company acquired its first international subsidiary in Japan in May of 2001 . Product services include restocking and adding new products, removing spoiled or outdated products, resetting categories "on the shelf" in accordance with client or store schematics, confirming and replacing shelf tags, setting new sale or promotional product displays and advertising, replenishing kiosks, providing in-store event staffing and providing assembly services in stores, homes and offices. Audit services include price audits, point of sale audits, out of stock audits, intercept surveys and planogram audits. Other merchandising services include whole store or departmental product sets or resets (including new store openings), new product launches, in-store demonstrations, special seasonal or promotional merchandising, focused product support and product recalls. The Company operates throughout the United States and internationally in 10 of the most populated countries, including China and India. For more information, visit the SPAR Group's website at http://www.sparinc.com/.

Forward-Looking Statements

Certain statements in this news release and made in the update conference call are forward-looking, including (without limitation) expectations or guidance respecting continuing balance sheet strength, customer contract expansion, growing revenues and becoming profitable through organic growth and acquisitions, attracting new business that will increase SPAR Group's revenues, continuing to maintain costs and consummating any transactions. Undue reliance should not be placed on such forward-looking statements because the matters they describe are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond the Company's control. The Company's actual results, performance and trends could differ materially from those indicated or implied by such statements as a result of various factors, including (without limitation) the continued strengthening of SPAR Group's selling and marketing functions, continued customer satisfaction and contract renewal, new product development, continued availability of capable dedicated personnel, continued cost management, the success of its international efforts, success and availability of acquisitions, availability of financing and other factors, as well as by factors applicable to most companies such as general economic, competitive and other business and civil conditions. Information regarding certain of those factors and other risk factors and cautionary statements that could affect future results, performance or trends are discussed in SPAR Group's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings made with the Securities and Exchange Commission from time to time. All of the Company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements.

Contact:

James R. Segreto

Chief Financial Officer

SPAR Group, Inc.

(914) 332-4100

Investors:

Chris Camarra

Alliance Advisors, LLC

(212) 398-3487