SEB FAIT L’ACQUISITION DES ACTIVITÉS D’ADMINISTRATION DES PRESTATIONS DE SANTÉ ET DE BIEN-ÊTRE SUR LE MARCHÉ INTERMÉDIAIRE D’AON HEWITT AU CANADA

Le 3 avril 2017 – Mississauga, Ontario – Smart Employee Benefits Inc. (« SEB » ou la « Société ») (Bourse de croissance TSX : SEB) est un fournisseur de premier plan de logiciels, de solutions et de services qui assurent la gestion des infrastructures et des systèmes essentiels à la mission d’entreprises et d’administrations publiques. SEB est heureuse d’annoncer l’entente conclue avec Aon Hewitt Inc. (« Aon Hewitt ») le 31 mars 2017 en vue d’acquérir les activités d’administration des prestations de santé et de bien-être sur le marché intermédiaire d’Aon Hewitt au Canada (les « activités d’administration »). L’opération prévoit également une entente d’alliance stratégique avec Aon. Les activités d’administration regroupent 48 clients, dont bon nombre de marques connues à l’échelle mondiale, ce qui représente plus de 250 000 participants dans tout le Canada. Dans le cadre de l’opération, SEB acquiert plusieurs plates-formes technologiques complémentaires et ajoute environ 150 employés répartis partout au Canada et en Inde.

« Il s’agit d’une opération de référence pour l’expansion des activités de traitement des prestations de SEB », a déclaré M. John McKimm, président et chef de la direction. L’opération permet également d’instaurer une relation stratégique avec l’une des principales entreprises de services-conseils en avantages sociaux du monde. « Nous estimons que l’expertise technologique de SEB apportera une importante valeur ajoutée aux clients des activités d’administration au Canada. Nous nous réjouissons à la perspective de nouer une relation d’affaires stratégique avec Aon Hewitt pour des initiatives commerciales futures. »

Selon M. Mohamad El Chayah, président de SEB Administrative Services Inc. : « Cette opération cadre avec notre objectif de promouvoir une croissance notable au sein de SEB Administrative Services Inc. avec des produits, des technologies et des services novateurs permettant l’automatisation des processus opérationnels des clients et l’amélioration de leurs résultats opérationnels. SEB a considérablement investi au cours des cinq dernières années dans les solutions d’automatisation des processus opérationnels axées sur le traitement des prestations de santé. La solution Benefits Exchange Platform de SEB englobe l’administration, l’évaluation, le paiement des réclamations, la facturation, l’établissement de rapports en temps réel, la détection des fraudes en temps réel et l’analyse en temps réel pleinement intégrés pour tous les types de prestations en un seul environnement. Les solutions de traitement des prestations de SEB comprennent également une plate-forme de santé et de bien-être riche en contenu qui est entièrement automatisée, des solutions de gestion des documents, des solutions autonomes d’analyse et de détection des fraudes ainsi que des solutions d’administration et de tarification automatisant la demande, la tarification et l’administration de nouveaux produits d’assurance. Cette opération avec Aon Hewitt constitue l’une des multiples opérations que SEB exécutera en 2017 dans le secteur du traitement des prestations de santé. »

L’opération a pris effet le vendredi 31 mars 2017. Les modalités financières n’ont pas été dévoilées.

À propos de SEB

L’infrastructure globale de SEB compte deux unités d’exploitation : la technologie et les avantages sociaux. La division de la technologie sert actuellement des entreprises et des administrations publiques au Canada et ailleurs dans le monde. La division des avantages sociaux offre des solutions SaaS et IPA dans le secteur des prestations de santé à entreprises et des administrations publiques. La division des avantages sociaux est exploitée comme un client de la division de la technologie. La division de la technologie constitue un atout concurrentiel capital dans l’appui à la mise en œuvre de solutions de traitement des prestations dans l’environnement des clients. Le traitement des prestations est un domaine de spécialisation à forte croissance pour SEB.

L’expertise principale des deux divisions est l’automatisation et la gestion des processus opérationnels au moyen des solutions logicielles exclusives de SEB, combinées avec des solutions de tiers par l’entremise de coentreprises ou de partenariats.

Les acquisitions, les coentreprises et les gains découlant de demandes de propositions continueront de dynamiser la croissance des divisions de la technologie et des avantages sociaux.

Énoncés prospectifs

Le présent communiqué est diffusé à titre d’information seulement. Les énoncés figurant dans le présent communiqué pourraient contenir de l’information « prospective » sur les perspectives commerciales à venir de l’entreprise. Ces énoncés, bien qu’ils soient formulés de bonne foi et soient considérés comme fondés sur des éléments raisonnables, comportent des risques et des impondérables pouvant faire en sorte que les résultats diffèrent sensiblement de ceux qui sont exprimés ou sous-entendus dans ces énoncés prospectifs. Les investisseurs devraient consulter un conseiller professionnel avant de prendre toute décision de placement.

Pour en savoir plus sur SEB, veuillez consulter www.seb-inc.com.

La Bourse de croissance TSX et son fournisseur de services de réglementation (au sens donné à ce terme dans les politiques de la Bourse de croissance TSX) n’acceptent aucune responsabilité quant à l’exactitude ou à la pertinence du présent communiqué.

RELATION AVEC LES MÉDIAS ET AVEC LES INVESTISSEURS :

John McKimm
Président/chef de la direction/chef des placements
Bureau : 888-939-8885, poste 354
Cell. : 416-460-2817
John [dot] mckimm [at] seb-inc [dot] com

Smart Employee Benefits Schedules 2016 Year End Results Conference Call

MISSISSAUGA, ONTARIO- April 3, 2017 - Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSX VENTURE: SEB), will hold its 2016 Year End Results Conference Call & Webcast on Tuesday, April 4th at 9:30 a.m. (Eastern Time) to discuss results and current business initiatives.

Conference Call Details:

Canada & USA Toll Free Dial In: 1-800-319-4610

Toronto Toll Dial In: 1-416-915-3239

Callers should dial in 5-10 minutes prior to the scheduled start time and simply ask to join the call. 

Conference Call Replay Numbers:

Canada & USA Toll Free: 1-855-669-9658
Outside Canada & USA Call: 1-604-674-8052
Replay Access Code: 1306 followed by the # sign

Replay Duration: Available for one week, or until end of day, April 11, 2017.

ABOUT SEB

Smart Employee Benefits Inc.’s global infrastructure is comprised of two operating Divisions: Technology and Benefits. The Technology Division currently serves corporate and government clients across Canada and internationally. The Benefits Division focuses on SAAS and BPO solutions in the Health Sector and delivers its offerings to corporate and government clientele. The Benefits Division operates as a client of the Technology Division. The Technology Division is a critical competitive advantage in supporting the implementation of SEB’s benefits processing solutions into client environments.

For further information about SEB, please visit www.seb-inc.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

MEDIA AND INVESTOR CONTACT:
John McKimm
President/CEO
(888) 939-8885 x 354
(416) 460-2817
john [dot] mckimm [at] seb-inc [dot] com

SEB ACQUIRES AON HEWITT’S MID-MARKET HEALTH AND WELFARE BENEFITS ADMINISTRATION BUSINESS IN CANADA

April 3, 2017 – Mississauga, Ontario – Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSX VENTURE: SEB) is a leading provider of software, solutions and services which manage mission critical systems and infrastructure for corporate and government clients.  SEB is pleased to announce it has entered into an agreement with Aon Hewitt Inc. (“Aon Hewitt”) on March 31, 2017, to acquire Aon Hewitt’s mid-market health and welfare administration business in Canada (the “Admin Business”). The transaction also includes a strategic alliance partnership agreement with Aon. This Admin Business represents 48 clients, many with globally recognized brands, representing over 250,000 plan members across Canada.  As part of this transaction, SEB is acquiring several complementary technology platforms and will add approximately 150 employees from across Canada and India.

 “This is a benchmark transaction in developing SEB’s Benefits processing business,” states John McKimm, President/CEO of SEB.  The transaction also creates a strategic relationship with one of the largest benefits consulting companies in the world. “We believe SEB’s technology expertise will add significant value to the clients of the Admin Business in Canada. We are looking forward to a strategic business relationship with Aon Hewitt on future business initiatives”.

 States Mohamad El Chayah, President of SEB Administrative Services Inc., “This transaction is consistent with our goal of driving meaningful growth across SEB Administrative Services Inc. with innovative products, technologies and services that automate clients’ business processes and enhance clients’ business outcomes.  SEB has made a substantial investment over the past five years in business process automation solutions focused on health benefits processing. SEB’s Benefits Exchange Platform includes fully integrated administration, adjudication, claims payment, billing, real time reporting, real time fraud identification and real time analytics for all benefit types in one environment.  SEB’s Benefits processing solutions also include a fully automated, content-rich health and wellness platform, document management solutions, standalone fraud and analytics solutions and administration and underwriting solutions, which automate the application, underwriting and administration of new insurance product sales. This transaction with Aon Hewitt is one of multiple transactions SEB will be executing in 2017 in the health benefits processing space.”

 The transaction was effective on Friday, March 31, 2017. Financial terms were not disclosed.

 About SEB

SEB’s global infrastructure is comprised of two operating divisions: Technology and Benefits. The Technology Division currently serves corporate and government clients across Canada and internationally. The Benefits Division offers SAAS and BPO solutions in the Health Benefits Sector to corporate and government clientele. The Benefits Division operates as a client of the Technology Division. The Technology Division is a critical competitive advantage in supporting the implementation of SEB’s benefits processing solutions into client environments. Benefits processing is a high-growth specialty practice area for SEB.

The core expertise of both divisions is automating and managing business processes utilizing SEB proprietary software solutions combined with solutions of third parties through joint ventures and partnerships.

Acquisitions, joint ventures, and RFP wins will continue to be dominant influences in driving growth in both the Technology and Benefits Divisions.

Forward-Looking Statements

This news release is intended for information purposes only. Statements made in this news release may contain “forward looking” information about the company’s future business prospects. These statements while expressed in good faith and believed to have a reasonable basis are subject to risk and uncertainties that could cause actual results to differ materially from those set forth or implied by such forward looking statements. Investors should consult a professional advisor before making any investment decision.

For further information about SEB, please visit www.seb-inc.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

MEDIA AND INVESTOR CONTACT:

John McKimm
President /CEO/CIO
Office (888) 939-8885 x 354
Cell (416) 460 2817
John [dot] mckimm [at] seb-inc [dot] com

SEB CLOSES EQUITY FINANCING TOTALING $5,005,308

February 6, 2017 – Mississauga, Ontario – Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSX VENTURE: SEB) announces that is has closed a third and final tranche of its equity offering (the “Offering”). Aggregate gross proceeds were $5,005,308 of which insiders contributed $2,010,308, the majority from companies owned or controlled by the CEO of SEB.

Aggregate proceeds of $1,800,863 were raised on this third tranche closing.  9,004,315 units (each a “Unit”) were issued at a price of $0.20 per Unit.  Each Unit consists of one common share of the Company and one transferable common share purchase warrant of the Company (a “Warrant”).  Each Warrant is exercisable into one common share of the Company at a price of $0.30 per share and has a term of 18 months from the date of issuance.

Approximately $705,863 of the subscriptions on this third tranche was from Company insiders.

Finders for the aggregated Offering were paid cash compensation of $118,500, which is equal to 7% of the gross proceeds they assisted with under the Offering, as well as 595,000 finder warrants (each a “Finder Warrant”), which is equal to 7% of the number of Units sold they assisted with pursuant to the Offering.  Each Finder Warrant entitles the finder to acquire one Unit at an exercise price of $0.20 per Unit and has a term of 18 months from the date of issuance.

All securities issued in connection with this third tranche of the Offering will be subject to a four-month hold period expiring June 4, 2017.  Proceeds from this third tranche of the Offering will be used for repayment of debt and working capital purposes.

About SEB

Smart Employee Benefits Inc.’s global infrastructure is comprised of two operating divisions: Technology and Benefits. The Technology Division currently serves corporate and government clients across Canada and internationally. The Benefits Division focuses on offering SAAS and BPO processing solutions in the Health Benefits Sector to corporate and government clientele. The Benefits Division operates as a client of the Technology Division. The Technology Division is a critical competitive advantage in supporting the implementation of SEB’s benefits processing solutions into client environments. Benefits Processing is a high-growth specialty practice area.

The core expertise of both divisions is providing software, solutions and services which automate business processes. SEB  utilizes proprietary software solutions combined with solutions of third parties through joint ventures and technology partnerships.

Acquisitions,  white label joint ventures, channel partnerships, and RFP wins will continue to be dominant influences in driving growth in both divisions.

 For further information about SEB, please visit www.seb-inc.com.

The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, including statements regarding the Company’s areas of focus, other than statements of historical facts, which address the Company’s expectations, should be considered as forward-looking statements and therefore subject to various risks and uncertainties. The words “may”, “will”, “could”, “should”, “would”, “suspect”, “outlook”, “believe”, “plan”, “anticipate”, “estimate”, “expect”, “intend”, “forecast”, “objective”, “hope” and “continue” (or the negative thereof), and words and expressions of similar import, are intended to identify forward-looking statements.

Such forward-looking statements are based on knowledge of the environment in which the Company currently operates, but because of the factors listed herein, as well as other factors beyond the Company’s control, actual results may differ materially from the expectations expressed in the forward-looking statements. Investors are cautioned not to put undue reliance on forward-looking statements. The Company undertakes no obligation, and does not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events, other than as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

MEDIA AND INVESTOR CONTACT:

John McKimm
President/CEO/CIO
Office (888) 939-8885 x 354
Cell (416) 460-2817
john [dot] mckimm [at] seb-inc [dot] com

SEB ANNOUNCES INCREASE TO PRIVATE PLACEMENT OFFERING

January 19, 2017 – Mississauga, Ontario – Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSX VENTURE: SEB) announces that further to its press release dated January 6, 2017 regarding a $5 million unit offering (the “Offering”), the TSX Venture Exchange has granted the Company approval to increase the maximum size of the Offering from $5 million to $6 million. The increased size of the Offering is in response to the Company’s objective of raising additional capital to take advantage of Benefits Division opportunities and indications of interest from investors.
Aggregate proceeds of $3,204,445 have been raised in the Offering to date.  Insiders have contributed approximately $1.3 million of this amount.  A subsequent third tranche of the Offering is expected to close on or around January 31, 2017.  Insiders have committed approximately $600,000 to the third tranche. Other investors have committed over $300,000 to the third tranche.


About SEB 
Smart Employee Benefits Inc.’s global infrastructure is comprised of two operating divisions: Technology and Benefits. The Technology Division currently serves corporate and government clients across Canada and internationally. The Benefits Division focuses on offering SAAS and BPO solutions in the Health Benefits Sector to corporate and government clientele. The Benefits Division operates as a client of the Technology Division. The Technology Division is a critical competitive advantage in supporting the implementation of SEB’s benefits processing solutions into client environments. Benefits Processing is a high-growth specialty practice area.


The core expertise of both divisions is data processing. Emphasis is on automating business processes utilizing SEB proprietary software solutions combined with solutions of third parties through joint ventures and partnerships.


Acquisitions, joint ventures, and RFP wins will continue to be dominant influences in driving growth in both divisions. Growth emphasis for fiscal 2017 is in the Benefits Division.


For further information about SEB, please visit 
www.seb-inc.com.

The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, including statements regarding the Company’s areas of focus, other than statements of historical facts, which address the Company’s expectations, should be considered as forward-looking statements and therefore subject to various risks and uncertainties. The words “may”, “will”, “could”, “should”, “would”, “suspect”, “outlook”, “believe”, “plan”, “anticipate”, “estimate”, “expect”, “intend”, “forecast”, “objective”, “hope” and “continue” (or the negative thereof), and words and expressions of similar import, are intended to identify forward-looking statements.

Such forward-looking statements are based on knowledge of the environment in which the Company currently operates, but because of the factors listed herein, as well as other factors beyond the Company’s control, actual results may differ materially from the expectations expressed in the forward-looking statements. Investors are cautioned not to put undue reliance on forward-looking statements. The Company undertakes no obligation, and does not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events, other than as required by applicable law.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

MEDIA AND INVESTOR CONTACT:
John McKimm

President/CEO/CIO

Office (888) 939-8885 x 354

Cell (416) 460-2817

john [dot] mckimm [at] seb-inc [dot] com

SEB ANNOUNCES EXTENSION TO PRIVATE PLACEMENT OFFERING

January 6, 2017 – Mississauga, Ontario – Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSX VENTURE: SEB) announces that further to its press releases dated October 20, 2016, November 3, 2016 and December 28, 2016 regarding a $5 million unit offering (the “Offering”), the TSX Venture Exchange has granted the Company an extension to complete the Offering.

Aggregate proceeds of $1,652,885 were raised on a first tranche closing and aggregate proceeds of $1,551,560 were raised on a second tranche closing, for a total of $3,204,445. Insiders contributed approximately $1.3 million of the financing closed to date. The third tranche is expected to close on or before January 31, 2017. Insiders have committed approximately $600,000 to the third tranche.

About SEB

Smart Employee Benefits Inc.’s global infrastructure is comprised of two operating divisions: Technology and Benefits. The Technology Division currently serves corporate and government clients across Canada and internationally. The Benefits Division offers SAAS and BPO solutions in the Health Benefits Sector to corporate and government clientele. The Benefits Division operates as a client of the Technology Division. The Technology Division is a critical competitive advantage in supporting the implementation of SEB’s benefits processing solutions into client environments. Benefits processing is a high-growth specialty practice area.

The core expertise of both divisions is data processing. Emphasis is on automating business processes utilizing SEB proprietary software solutions combined with solutions of third parties through joint ventures and partnerships.

Acquisitions, joint ventures, and RFP wins will continue to be dominant influences in driving growth in both divisions. Growth emphasis for fiscal 2017 is in the Benefits Division.

For further information about SEB, please visit www.seb-inc.com.

The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, including statements regarding the Company’s areas of focus, other than statements of historical facts, which address the Company’s expectations, should be considered as forward-looking statements and therefore subject to various risks and uncertainties. The words “may”, “will”, “could”, “should”, “would”, “suspect”, “outlook”, “believe”, “plan”, “anticipate”, “estimate”, “expect”, “intend”, “forecast”, “objective”, “hope” and “continue” (or the negative thereof), and words and expressions of similar import, are intended to identify forward-looking statements.

Such forward-looking statements are based on knowledge of the environment in which the Company currently operates, but because of the factors listed herein, as well as other factors beyond the Company’s control, actual results may differ materially from the expectations expressed in the forward-looking statements. Investors are cautioned not to put undue reliance on forward-looking statements. The Company undertakes no obligation, and does not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events, other than as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

MEDIA AND INVESTOR CONTACT:

John McKimm

President/CEO/CIO

Office (888) 939-8885 x 354

Cell (416) 460-2817

john [dot] mckimm [at] seb-inc [dot] com

SEB ANNOUNCES EXTENSION TO PRIVATE PLACEMENT OFFERING

December 5, 2016 – Mississauga, Ontario – Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSX VENTURE: SEB) announces that further to its press releases dated October 20, 2016 and November 3, 2016 regarding a $5 million unit offering (the “Offering”), the TSX Venture Exchange has granted the Company an extension to complete the Offering.

Aggregate proceeds of $1,652,885 were raised on a first tranche closing.  The second tranche of the Offering is expected to close on or around December 31, 2016.

About SEB

Smart Employee Benefits Inc.’s global infrastructure is comprised of two operating divisions: Technology and Benefits. The Technology Division currently serves corporate and government clients across Canada and internationally. The Benefits Division focuses on offering SAAS and BPO solutions in the Health Benefits Sector to corporate and government clientele. The Benefits Division operates as a client of the Technology Division. The Technology Division is a critical competitive advantage in supporting the implementation of SEB’s benefits processing solutions into client environments. Benefits processing is a high-growth specialty practice area.

The core expertise of both divisions is data processing. Emphasis is on automating business processes utilizing SEB proprietary software solutions combined with solutions of third parties through joint ventures and partnerships.

Acquisitions, joint ventures, and RFP wins will continue to be dominant influences in driving growth in both divisions. Growth emphasis for fiscal 2017 is in the Benefits Division.

For further information about SEB, please visit www.seb-inc.com.

The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, including statements regarding the Company’s areas of focus, other than statements of historical facts, which address the Company’s expectations, should be considered as forward-looking statements and therefore subject to various risks and uncertainties. The words “may”, “will”, “could”, “should”, “would”, “suspect”, “outlook”, “believe”, “plan”, “anticipate”, “estimate”, “expect”, “intend”, “forecast”, “objective”, “hope” and “continue” (or the negative thereof), and words and expressions of similar import, are intended to identify forward-looking statements.

Such forward-looking statements are based on knowledge of the environment in which the Company currently operates, but because of the factors listed herein, as well as other factors beyond the Company’s control, actual results may differ materially from the expectations expressed in the forward-looking statements. Investors are cautioned not to put undue reliance on forward-looking statements. The Company undertakes no obligation, and does not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events, other than as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

MEDIA AND INVESTOR CONTACT:

John McKimm
President/CEO/CIO
Office (888) 939-8885 x 354
Cell (416) 460-2817
john [dot] mckimm [at] seb-inc [dot] com

SEB ANNOUNCES EXTENSION TO PRIVATE PLACEMENT OFFERING

December 5, 2016 – Mississauga, Ontario – Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSX VENTURE: SEB) announces that further to its press releases dated October 20, 2016 and November 3, 2016 regarding a $5 million unit offering (the “Offering”), the TSX Venture Exchange has granted the Company an extension to complete the Offering.

Aggregate proceeds of $1,652,885 were raised on a first tranche closing.  The second tranche of the Offering is expected to close on or around December 31, 2016.

About SEB

Smart Employee Benefits Inc.’s global infrastructure is comprised of two operating divisions: Technology and Benefits. The Technology Division currently serves corporate and government clients across Canada and internationally. The Benefits Division focuses on offering SAAS and BPO solutions in the Health Benefits Sector to corporate and government clientele. The Benefits Division operates as a client of the Technology Division. The Technology Division is a critical competitive advantage in supporting the implementation of SEB’s benefits processing solutions into client environments. Benefits processing is a high-growth specialty practice area.

The core expertise of both divisions is data processing. Emphasis is on automating business processes utilizing SEB proprietary software solutions combined with solutions of third parties through joint ventures and partnerships.

Acquisitions, joint ventures, and RFP wins will continue to be dominant influences in driving growth in both divisions. Growth emphasis for fiscal 2017 is in the Benefits Division.

For further information about SEB, please visit www.seb-inc.com.

The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, including statements regarding the Company’s areas of focus, other than statements of historical facts, which address the Company’s expectations, should be considered as forward-looking statements and therefore subject to various risks and uncertainties. The words “may”, “will”, “could”, “should”, “would”, “suspect”, “outlook”, “believe”, “plan”, “anticipate”, “estimate”, “expect”, “intend”, “forecast”, “objective”, “hope” and “continue” (or the negative thereof), and words and expressions of similar import, are intended to identify forward-looking statements.

Such forward-looking statements are based on knowledge of the environment in which the Company currently operates, but because of the factors listed herein, as well as other factors beyond the Company’s control, actual results may differ materially from the expectations expressed in the forward-looking statements. Investors are cautioned not to put undue reliance on forward-looking statements. The Company undertakes no obligation, and does not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events, other than as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

MEDIA AND INVESTOR CONTACT:

John McKimm

President/CEO/CIO

Office (888) 939-8885 x 354

Cell (416) 460-2817

john [dot] mckimm [at] seb-inc [dot] com

SEB ANNOUNCES CLOSING OF FIRST TRANCHE OF $5 MILLION UNIT OFFERING

November 3, 2016 – Mississauga, Ontario – Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSX VENTURE: SEB) announces that is has closed a first tranche of its $5 million unit offering (the “Offering”).  The Offering was previously announced on October 20, 2016.

Aggregate proceeds of $1,652,885 were raised on this first tranche closing.  8,264,425 units (each a “Unit”) were issued at a price of $0.20 per Unit.  Each Unit consists of one common share of the Company and one transferable common share purchase warrant of the Company (a “Warrant”).  Each Warrant is exercisable into one common share of the Company at a price of $0.30 per share and has a term of 18 months from the date of issuance.

Approximately $803,000 of the subscriptions on this first tranche was from Company insiders.

A finder for the Offering was paid cash compensation of $24,500, which is equal to 7% of the gross proceeds it assisted with under the Offering, as well as 122,500 finder warrants (each a “Finder Warrant”), which is equal to 7% of the number of Units sold it assisted with pursuant to the Offering.  Each Finder Warrant entitles the finder to acquire one Unit at an exercise price of $0.20 per Unit and has a term of 18 months from the date of issuance.

All securities issued in connection with this first tranche of the Offering will be subject to a four-month hold period expiring March 3, 2017.  Proceeds from this first tranche of the Offering will be used for repayment of debt and working capital purposes.

It is expected that the Offering will close in two additional tranches.

About SEB

Smart Employee Benefits Inc.’s global infrastructure is comprised of two operating divisions: Technology and Benefits. The Technology Division currently serves corporate and government clients across Canada and internationally. The Benefits Division focuses on offering SAAS and BPO solutions in the Health Benefits Sector to corporate and government clientele. The Benefits Division operates as a client of the Technology Division. The Technology Division is a critical competitive advantage in supporting the implementation of SEB’s benefits processing solutions into client environments. Benefits Processing is a high-growth specialty practice area.

The core expertise of both divisions is data processing. Emphasis is on automating business processes utilizing SEB proprietary software solutions combined with solutions of third parties through joint ventures and partnerships.

Acquisitions, joint ventures, and RFP wins will continue to be dominant influences in driving growth in both divisions. Growth emphasis for fiscal 2016 is in the Benefits Division.

For further information about SEB, please visit www.seb-inc.com.

The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, including statements regarding the Company’s areas of focus, other than statements of historical facts, which address the Company’s expectations, should be considered as forward-looking statements and therefore subject to various risks and uncertainties. The words “may”, “will”, “could”, “should”, “would”, “suspect”, “outlook”, “believe”, “plan”, “anticipate”, “estimate”, “expect”, “intend”, “forecast”, “objective”, “hope” and “continue” (or the negative thereof), and words and expressions of similar import, are intended to identify forward-looking statements.

Such forward-looking statements are based on knowledge of the environment in which the Company currently operates, but because of the factors listed herein, as well as other factors beyond the Company’s control, actual results may differ materially from the expectations expressed in the forward-looking statements. Investors are cautioned not to put undue reliance on forward-looking statements. The Company undertakes no obligation, and does not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events, other than as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

MEDIA AND INVESTOR CONTACTS:

John McKimm
President/CEO/CIO
Office (888) 939-8885 x 354
Cell (416) 460-2817
john [dot] mckimm [at] seb-inc [dot] com

Glenn Akselrod
Bristol Capital
Office: (905) 326-1888 x 10
glen [at] bristolir [dot] com

SEB ANNOUNCES $5 MILLION UNIT OFFERING

October 20, 2016 – Mississauga, Ontario –Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSX VENTURE: SEB) is no longer proceeding with the two $1.25 million convertible note offerings previously announced pursuant to its press release of September 21, 2016.

Instead, the Company intends to complete a unit offering (the “Offering”) on a private placement basis where up to 25,000,000 units (each a “Unit”) will be issued at a price of $0.20 per Unit for aggregate gross proceeds of up to $5,000,000.  Each Unit will consist of one common share of the Company and one transferable common share purchase warrant of the Company (a “Warrant”).  Each Warrant will be exercisable into one common share of the Company at a price of $0.30 per share and have a term of 18 months from the date of issuance.

It is expected that the Offering will close in two tranches, with the first tranche closing on or around October 31, 2016.  The Company also expects that up to $1,500,000 of the subscriptions on the first tranche will be from Company insiders.

A finder is expected to be engaged for the Offering and will receive aggregate cash compensation equal to 7% of the gross proceeds raised under the Offering, as well as finder warrants (each a “Finder Warrant”) equal to 7% of the aggregate number of Units sold pursuant to the Offering.  Each Finder Warrant will entitle the finder to acquire one Unit at an exercise price of $0.20 per Unit and have a term of 18 months from the date of issuance.

All securities issued in connection with the Offering will be subject to a four-month hold period from the date of closing.  Proceeds from the Offering will be used for repayment of debt and working capital purposes.  The Offering is subject to regulatory approval from TSX Venture Exchange.

About SEB

Smart Employee Benefits Inc.’s global infrastructure is comprised of two operating divisions: Technology and Benefits. The Technology Division currently serves corporate and government clients across Canada and internationally. The Benefits Division focuses on offering SAAS and BPO solutions in the Health Benefits Sector to corporate and government clientele. The Benefits Division operates as a client of the Technology Division. The Technology Division is a critical competitive advantage in supporting the implementation of SEB’s benefits processing solutions into client environments. Benefits Processing is a high-growth specialty practice area.

The core expertise of both divisions is data processing. Emphasis is on automating business processes utilizing SEB proprietary software solutions combined with solutions of third parties through joint ventures and partnerships.

Acquisitions, joint ventures, and RFP wins will continue to be dominant influences in driving growth in both divisions. Growth emphasis for fiscal 2016 is in the Benefits Division.

For further information about SEB, please visit www.seb-inc.com.

The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, including statements regarding the Company’s areas of focus, other than statements of historical facts, which address the Company’s expectations, should be considered as forward-looking statements and therefore subject to various risks and uncertainties. The words “may”, “will”, “could”, “should”, “would”, “suspect”, “outlook”, “believe”, “plan”, “anticipate”, “estimate”, “expect”, “intend”, “forecast”, “objective”, “hope” and “continue” (or the negative thereof), and words and expressions of similar import, are intended to identify forward-looking statements.

Such forward-looking statements are based on knowledge of the environment in which the Company currently operates, but because of the factors listed herein, as well as other factors beyond the Company’s control, actual results may differ materially from the expectations expressed in the forward-looking statements. Investors are cautioned not to put undue reliance on forward-looking statements. The Company undertakes no obligation, and does not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events, other than as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

MEDIA AND INVESTOR CONTACTS:

John McKimm
President/CEO/CIO
(416) 460-2817
john [dot] mckimm [at] seb-inc [dot] com

Glenn Akselrod
Bristol Capital
Office: (905) 326-1888 x 10
glen [at] bristolir [dot] com