Press Releases

All Posts Author: Communications
2018

SEB reports results for third quarter, 2018

October 30, 2018 – Mississauga, ON

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) today reported its financial results for the three and nine-month periods ending August 31, 2018.

States John McKimm, President/CEO/CIO of Smart Employee Benefits Inc., “Consolidated results for Gross Margin, Adjusted EBITDA and EBITDA for the nine months ended August 31, 2018 showed steady improvement from the comparable periods in 2017 and 2016. Trailing 12 month comparisons showed improvement with Gross Margin of $29.5 million and Adjusted EBITDA of $2.8 million. Gross Margin was up $2.5 million and EBITDA up $4.1 million versus November 30, 2017.”

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2018

SEB signs letter of intent to sell Paradigm Consulting Group

September 24, 2018 – Regina, SK and Mississauga, ON

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV:SEB) announces that on September 18, 2018, it has signed a Letter of Intent with Golden Opportunities Fund Inc. (“Golden”), managed by Westcap Mgt. Ltd., to sell 100% of Paradigm Consulting Group Inc. (“Paradigm”). The acquirer will be Golden in conjunction with Paradigm’s senior management.  The purchase price will be shared between Golden and Paradigm management.

 

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2018

Microsoft Azure the Cloud solution of choice for SEB's benefits processing solutions

July 16, 2018 – Mississauga, ON

SEB Administrative Services Inc. (“SEB Admin”), a wholly owned subsidiary of Smart Employee Benefits Inc. (TSXV: SEB), a technology leader in benefits administration and data processing services, is pleased to announce that it will use Microsoft Azure as its global cloud solution to power its technology solutions focused on health benefits processing for both employer and government funded benefit programs.

“Microsoft Azure will enhance SEB Admin’s global reach and ability to build, deploy, scale, and manage applications to accelerate FlexPlus platform development, adding new experiences and significant value to our clients and their employees,” said Mohamad El Chayah, President & CEO, SEB Administrative Services Inc. FlexPlus platform currently renders benefits administration services to more than 330,000 members.

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2018

SEB renews over 120,000 benefit plan members on multi-year contracts

July 10, 2018 – Mississauga, ON

SEB Administrative Services Inc. (“SEB Admin”), a subsidiary of Smart Employee Benefits Inc. (TSXV: SEB), a technology leader in benefits administration and data processing services, is pleased to announce the renewal of 19 benefit administration contracts over the past 9 months and the addition of 6 new FlexPlus modules to SEB Admin’s benefit processing solution, bringing the total modules to 16. These modules drive more than 20 unique revenue models. The renewed contracts represent more than $350 Million of benefit premiums for over 120,000 plan members. They include a number of Canada’s top 100 employers. The renewals are multiyear contracts driving incremental growth for SEB Admin. SEB Admin’s new modules provide more unique features and greater automation driving enhanced end user experiences and more cost efficiencies for both clients and SEB Admin.

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2018

SEB launches EQ Care virtual medical clinic services to over 330,000 benefit plan members

July 5, 2018 – Mississauga, ON

SEB Administrative Services Inc. (“SEB Admin”), a subsidiary of Smart Employee Benefits Inc. (“SEB”), TSXV: SEB, a leader in benefits administration and data processing services, have entered into an agreement with Equinoxe Virtual Clinic Corporation (“EQ”), to add their virtual medical clinic program, EQ Care, to the SEB Admin FlexPlus Platform.

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2018

SEB reports results for first quarter, 2018

April 30, 2018 – Mississauga, ON

SEB REPORTS RESULTS FOR FIRST quarter, 2018

Conference Call Scheduled Wednesday, May 2, 2018, 11:30AM EST

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) today reported its financial results for the three-month period ending February 28, 2018.

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2018

SEB reports 2017 annual

April 2, 2018 – Mississauga, ON

SEB Reports Fourth Quarter and Full Year Results

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) today reported its financial results for the fourth quarter fiscal year ending November 30, 2017.

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2018

SEB closes strategic private placement with golden opportunities fund

March 2, 2018 – Regina, Saskatchewan and Mississauga, ON

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) is pleased to announce that it has closed a private placement (the “Private Placement”) for aggregate gross proceeds of $3,000,000 from Golden Opportunities Fund Inc. (“Golden”), a Retail Venture Capital fund that invests into Saskatchewan and Manitoba growth companies. This transaction both strengthens SEB’s balance sheet and working capital and creates significant strategic value in business development initiatives in Saskatchewan and Manitoba, including multiple P3 (Private Public Partnership) initiatives SEB is pursuing.

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2017

SEB announces closing of unit offering

December 4, 2017 – Mississauga, ON

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) announces that it has closed a unit offering (the “Offering”) for aggregate gross proceeds of $1,883,900.

Proceeds were raised through the issuance of 8,970,952 units (each a “Unit”) at a price of $0.21 per Unit.  Each Unit consists of one common share of the Company (each a “Common Share”) and one-half transferable common share purchase warrant of the Company (each whole such warrant, 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.

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