Press Releases

All Posts Author: Communications
2022

SEB Adds 3 New Multi-Year Client Wins 2 in Canada, 1 in the U.S.A.

March 28, 2022 – Mississauga, ON

Smart Employee Benefits Inc., (“SEB” or “the Company”) (TSXV:SEB, OTCQB:SEBFF), announces 3 new client wins. The USA win is to a multi-state industrial company to deploy SEB’s MarvalNA Service Management solutions, with a recurring revenue profile. The second win is a Crown Corporation supply arrangement with a term of 5 years plus 6 options years. The third is another Crown Corporation and has a term of 3 years with 3 option years.

2022

SEB Engages Sophic Capital to Provide Capital Markets Advisory Services

March 14, 2022 – Mississauga, ON:

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) (OTCQB: SEBFF) a leader in benefits processing solutions and services announces the establishment of a capital markets strategy and investor relations arrangement with Sophic Capital Inc. (“Sophic”) pursuant to the terms of a capital markets advisory agreement (the “Agreement”). 

2022

SEB >$22M New Contract Wins Increase Wins Over 15 Months to >$205M

March 11, 2022 – Mississauga, ON:

Smart Employee Benefits Inc., (“SEB” or the Company) (TSXV: SEB, OTCQB: SEBFF), has received extensions and net new business contracts valued at greater than $22.2M. This brings contract wins and extensions to over $205.0M over the past 15 months. SEB’s RFP sales pipeline includes tens of millions of dollars of contract value where decisions are pending over the next several months.

2022

SEB Announces Closing of $5 Million Private Placement Financing

March 9, 2022 – Mississauga, ON:

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) a leader in benefits processing solutions and services today announced the issuance of a $5,000,000 convertible debenture (the “Debenture”) pursuant to a non-brokered private placement (the “Financing”) with Co-operators Financial Services Limited (“The Co-operators”), a large existing strategic investor. The proceeds of the Financing will be used for general working capital purposes including the repayment of select payables. 

2022

SEB Announces Proposed Private Placement Financing

February 22, 2022 – Mississauga, ON:

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) a leader in benefits processing solutions and services today announced that it has entered into a non-binding agreement with Co-operators Financial Services Limited (“The Co-operators”), a large existing strategic investor, for a convertible debenture (the “Debenture”) on a non-brokered private placement basis to raise gross proceeds of $5,000,000 (the “Financing”). The proceeds of the Financing will be used for general working capital purposes including the repayment of select payables.  

2022

SEB Adds 3 New Healthcare Benefits Processing Wins and 1 Renewal

February 17, 2022 – Mississauga, ON:

Smart Employee Benefits Inc., (“SEB” or the Company) (TSXV:SEB, OTCQX: SEBFF), is pleased to announce multiple benefits solution wins and renewals.

States Mohamad El Chayah, COO of SEB and President/CEO of SEB Administrative Services Inc. (“SEB Admin”):We are thrilled with these wins, especially those that are driven by our innovation agenda and help us venture into new markets.  This demonstrates the breadth of our solutions, the depth of our services and the flexibility and adaptability of our products.

2022

SEB’s Subsidiary, Marval North America Receives OECM Supplier Contract to Provide Integrated IT Service Management (ITSM) Software and Delivery Solutions to over 800 Customers

February 15, 2022 – Mississauga, ON:

Marval North America (“MarvalNA“), a subsidiary of Smart Employee Benefits Inc. (“SEB”) (TSXV: SEB, OTCQX: SEBFF), is pleased to announce that we are an awarded supplier partner on OECM’s IT Software Platform and Related Services (for ITSM and ESM). Marval can provide integrated IT Service Management (ITSM) software and delivery solutions to over 800 customers on the multi-year agreement. 

2022

Corporate Update: SEB Group Receives Contract Extension Valued >$5.0M Increasing Contract Wins in Q1/2022 to >$43.0M

February 7, 2022 – Mississauga, ON:

Smart Employee Benefits Inc., (“SEB” or the Company) (TSXV: SEB, OTCQX: SEBFF), has received an extension of an existing contract with a budget greater than $5.0M. This brings contract wins and extensions to over $43.0M Q1/2022. SEB’s RFP sales pipeline includes tens of millions of dollars of contract value where decisions are pending over the next several months. In addition, SEB’s “White-Label TPA” sales pipeline includes over $6.0B of premium, of which approximately $2.0B is in advanced stages of negotiations. Currently, SEB has over 530,000 plan members under contract, representing approximately $1.3B of premium.

2022

Corporate Update: SEB Group Awarded Net New Contracts Valued >$38M

February 2, 2022 – Mississauga, ON:

Smart Employee Benefits Inc., (“SEB” or the Company) (TSXV:SEB, OTCQX: SEBFF), through its operating entities, has been awarded new contracts valued in excess of $38M. These contracts extend out as long as 6 years including option years with the majority of revenue realized in the 2 to 4 year range. These contracts are all net new business and adds to SEB’s recurring revenue contract value, increasing this value to over $450.0M. The contracts were competitive RFP (Request for Proposal) bids

2021

SEB Signed Managed Services Recurring Revenue Contracts in Fiscal 2021 Valued >$140.0M

December 1, 2021 – Mississauga, ON:

Smart Employee Benefits Inc., (“SEB”) (TSXV:SEB) (OTCQX: SEBFF), through its operating entities, for fiscal year ending November 30, 2021, has signed new contracts valued in excess of $140.0M. The majority of clients include the Government of Canada and various corporate enterprises. The contracts extend out as long as 9 years with the majority in the 3-to-5-year range. The contracts include approximately $47.3M initiated in fiscal 2021, with $61.4M extensions and $31.6M of option years. Approximately 81% of the contracts are recurring “Services” revenue streams with the remainder being recurring “Software and Solutions” revenue streams. 

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