Press Releases

All Posts Author: Communications
2020

SEB update on Strategic Financing Transaction

March 23, 2020 – Mississauga, ON

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) announces that it is continuing to work on completing the Company’s $20,000,000 private placement financing, which is being provided by a large strategic investor. The financing was previously announced by press release dated November 5, 2019, December 9, 2019, January 8, 2020 and February 7, 2020. The strategic financing transaction is expected to close coincident with the completion of an operating credit facility, which negotiations are in process.

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2020

SEB update on Strategic Financing Transaction

February 7, 2020 – Mississauga, ON

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) announces that it is continuing to work on completing the Company’s $20,000,000 private placement financing, which is being provided by a large strategic investor.  The proceeds of the financing will be used to repay term indebtedness of the Company.  The financing was previously announced by press release dated November 5, 2019, December 9, 2019 and January 8, 2020.

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2019

SEB announces extension of Strategic Private Placement

December 9, 2019 – Mississauga, ON

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) announces that the TSX Venture Exchange (“TSXV”) has granted an extension with respect to the duration of the Company’s $20,000,000 strategic private placement financing, which financing was previously announced by press release dated November 5, 2019.  The outside date upon which final acceptance of the private placement may be granted by the TSXV has been extended to January 8, 2020.

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2019

SEB reports results for Q3 FISCAL 2019

October 30, 2019 – Mississauga, ON

Conference Call Scheduled Monday November 4, 2019 at 11:00 A.M.

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) today reported its financial results for the three and nine months ending August 31, 2019.

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2019

SEB partners with Oncidium to launch Enhanced Employee Absence and Disability Management Solutions on Flexplus Platform

October 16, 2019 – Mississauga, ON

SEB Administrative Services Inc. (“SEB Admin”), a subsidiary of Smart Employee Benefits Inc. (TSXV: SEB), a leader in benefits administration and data processing services, has entered into an agreement with Oncidium Inc (“ONC”), to integrate Oncidium’s services and solutions (“OHGMed”) around Employee Absence and Disability Management into SEB’s benefits processing  “FlexPlus” suite of solutions and services.

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2019

Smart Employee Benefits Inc. Corporate update

October 3, 2019 – Mississauga, ON

Strategic Transaction Update – SEB previously engaged Scotiabank to assist the Company in identifying strategic investment transactions that will surface value for shareholders and provide investment capital to expedite the Company’s strategic business and technology roadmaps. The Company is advanced in the second stage of the process. The Company does not expect to disclose further developments with respect to this process until its board of directors approves a specific transaction.

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2019

SEB reports results for Q2 Fiscal 2019

July 30, 2019 – Mississauga, ON

States John McKimm, President and CEO of Smart Employee Benefits Inc.:

“Revenue for the first half of 2019, while a decline from 2018, was ahead of budget. In 2018, in addition to managing its annual clientele’s needs, certain of SEB’s clients requested additional one-time services such as systems implementations, platform transitions and global event management.  In 2019, SEB maintained its base revenue and continued to grow its contract portfolio.

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2019

SEB completes sale of Paradigm

July 17, 2019 – Mississauga, ON

SEB closed the sale of 75% of Paradigm operating assets, with 58.6% going to Golden Opportunities Fund Inc. (“Golden”), a retail venture capital fund managed by Westcap Mgt. Ltd., and 16.4% going to Paradigm management. The purchase price included a cash amount of approximately $4.5M, cancellation of $3.0M of Paradigm preferred shares owned by Golden, which were convertible into SEB common shares, and an adjustment for working capital and pre-close earnings.

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2019

SEB reports results for Q1 Fiscal 2019

April 29, 2019 – Mississauga, ON

Conference Call Scheduled Thursday, May 2, 2019 at 11:30 A.M.

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) today reported its financial results for the fiscal quarter ending February 28, 2019.

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2019

SEB reports results for Fiscal 2018

April 3, 2019 – Mississauga, ON

Conference Call Scheduled Monday, April 8, 2019, 11:00 A.M.

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) today reported its financial results for the fiscal year ending November 30, 2018.

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