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.

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.

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.

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.

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.

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.

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.

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.”

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.

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.