Press Releases

2022

Smart Employee Benefits Inc. Provides Clarifying Disclosure with respect to its Credit Facility and Limited Guarantee

September 6, 2022 – Mississauga, ON

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) (OTCQB: SEBFF) a leader in benefits processing solutions and services announced on June 24, 2022 via press release (the “Initial Press Release”) that it had entered into a third amending agreement to its secured revolving credit facility agreement (the “Credit Agreement”) with its international asset-focused lender (the “Lender”) to, among other things, extend availability to $15,000,000 under the existing Credit Agreement. 

2022

Corporate Update Payment of Convertible Interest-In-Kind

September 1, 2022 – Mississauga, ON

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV:SEB, OTCQB:SEBFF), a leader in benefits processing solutions and services today announced that as contemplated in the $5,000,000 convertible debenture (the “Debenture”) previously issued in March of 2022 to Co-operators Financial Services Limited (“The Co-operators”), SEB intends to issue common shares (the “Shares”) in satisfaction of the accrued interest payable on August 31, 2022 under the Debenture. 

2022

SEB Announces Marval North America Supplier Partnership with Edmonton International Airport

August 9, 2022 – Mississauga, ON

Smart Employee Benefits Inc., (“SEB” or “the Company”) (TSXV:SEB, OTCQB:SEBFF), announces award of supplier partnership between its subsidiary Marval North America (“MarvalNA“) and Edmonton International Airport (“EIA”) to deploy Marval IT Service Management “MSM” software licenses, and provide hosting, configuration, implementation and training services. EIA have stated that the intent of the selection of a new ITSM tool is improve operational performance, provide efficiencies, and streamline processes, ultimately resulting in an effortless customer experience for their employees and stakeholders.

2022

Smart Employee Benefits Reports Q2/2022 Results 9 Consecutive Quarters of Positive Adjusted EBITDA; Conference Call Thursday August 4th at 3:30 P.M.

August 1, 2022 – Mississauga, ON

·      Q2/2022 revenue at $16.7 million increased by 3.8% versus Q2/2021 and 4.2% over Q1/2022

·      Posted 9th consecutive quarter of positive adjusted EBITDA

·      Trailing Twelve Months (“TTM”) revenue increased by $5.0 million (8.5%) and TTM gross profit increased by $0.148 million (0.7%)

·      Over 90% of targeted 2022 revenues are currently under contract

2022

Corporate Update: Smart Employee Benefits Inc. Announces Amendment to Credit Facility

June 24, 2022 – Mississauga, ON

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) (OTCQB: SEBFF) a leader in benefits processing solutions and services today announced that it has entered into a third amending agreement to its secured revolving credit facility agreement (the “Credit Agreement”) with its international asset-focused lender (the “Lender”) to, among other things, extend availability to $15,000,000 under the existing Credit Agreement. 

2022

SEB & Everyday People Financial Partner to Launch Health Spending Account Mastercard® Program Across North America

May 31, 2022 – Mississauga, ON

SEB Administrative Services Inc. (“SEB Admin”), a subsidiary of Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) (OTCQB: SEBFF), an Insurtech provider of cloud based, end-to-end IT and Benefit Processing solutions for the life and group benefits marketplace and government, is pleased to announce that it has signed a letter of intent with Everyday People Financial Inc. (“EP” or “Everyday People”), a financial technology and consumer financing company, to launch a bespoke healthcare spending account program, offering a challenger product to traditional employer health spending accounts. 

2022

Smart Employee Benefits Announces Resignation of Director

May 9, 2022 – Mississauga, ON

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) (OTCQB: SEBFF), an Insurtech provider of cloud based, end-to-end IT and Benefit Processing solutions for the life and group benefits marketplace and government, announces the resignation of Alec Blundell from the Company’s Board of Directors effective May 9, 2022 so that he may focus his efforts on other professional duties. 

2022

Smart Employee Benefits Announces Filing of Information Circular for Annual Meeting of Shareholders

May 4, 2022 – Mississauga, ON

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) (OTCQB: SEBFF), an Insurtech provider of cloud based, end-to-end IT and Benefit Processing solutions for the life and group benefits marketplace and government, is pleased to announce that the Company’s annual meeting of shareholders is scheduled to be held virtually on May 31, 2022 at 4:00 p.m. (Toronto time). 

2022

Smart Employee Benefits Presenting at the Planet MicroCap Showcase 2022

May 3, 2022 – Mississauga, ON

ACCESSWIRE: Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) (OTCQB: SEBFF) a benefits administration technology company providing leading-edge, cloud based end-to-end IT and benefit processing software solutions and services, announces that President and CEO John McKimm will be presenting at the Planet MicroCap Showcase 2022 at the Bally’s Hotel & Casino in Las Vegas on Wednesday, May 4, 2022 at 4:30PM ET/1:30PM PT. Mr. McKimm will host in person, 1-on-1 investor meetings during the event.