Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSX- V:SEB) is pleased to announce the completion of the first tranche (“First Tranche”) of a private placement equity financing for gross proceeds of $2,400,000 out of maximum aggregate proceeds of $4,000,000. The First Tranche financing consists of 6,000,000 units (the “Units”) at a price of $0.40 per Unit. Each Unit consists of (i) one common share of SEB and (ii) one common share purchase warrant of SEB (the “Warrants”). Each Warrant has a term of 24 months from the date of issuance and vests on December 31, 2016 at an exercise price of $0.75 per share.

Smart Employee Benefits Inc. (“SEB” or “Company”) (TSX VENTURE:SEB) is pleased to report its third quarter results.

FINANCIAL RESULTS FOR THE QUARTER: 

You are invited to participate in Smart Employee Benefits’(TSXV: SEB) 2015 Third Quarter Conference Call & Webcast on Monday, November 2, 2015 at 9:00 a.m. (Eastern Time) to discuss results and current business initiatives with members of senior management.

Alternate Financing Options in Process

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSX VENTURE:SEB) advises that, further to its news release dated September 16, 2015, it has terminated the proposed private placement of convertible debentures of the Company. Pursuant to discussions with its underwriters, SEB concluded that the current capital markets environment is not conducive to source its financing needs without encountering significant dilution.

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSX VENTURE:SEB), is pleased to announce that it has engaged Raymond James Ltd. to lead a syndicate of agents to be named to complete a private placement of convertible debentures of the Company on a “best efforts” basis. The net proceeds of the offering will be used to fund the Company’s proposed acquisition of Maplesoft Group Inc. (“Maplesoft”), as described in a press release dated June 11, 2015, and for general corporate purposes. Terms and pricing of the convertible debentures will be determined in the context of the market and further information in respect of the offering will be disclosed in a subsequent press release.

Banyan Work Health Solutions Inc. (“Banyan”), a member of the Smart Employee Benefits Inc. Group of Companies (“SEB”) (TSX VENTURE:SEB), has incorporated SEB Analytics Inc. with Polon Analytics Inc. Through SEB Analytics Inc., SEB will add predictive modeling and advanced analytics capabilities to its suite of offerings to provide customers with solutions that enable data-driven decisions that optimize pricing and underwriting, disability management and healthcare fraud detection.

Smart Employee Benefits Inc. (“SEB” or “Company”) (TSX VENTURE:SEB) is pleased to report its second consecutive positive quarter since being founded in January, 2011. The results support SEB’s strategic direction of penetrating the $60 billion “Health Benefits” business in Canada.

You are invited to participate in Smart Employee Benefits’(TSX VENTURE:SEB) 2015 Second Quarter Conference Call & Webcast on Friday, July 31, 2014 at 9:00 a.m. (Eastern Time) to discuss results and current business initiatives with members of senior management.

Maplesoft Expands SEB’s Technology Expertise, Client Relationships and Geographic Footprint, Adds Over $50.0 million to Consolidated Revenues and Contributes Significantly to Profitability

Smart Employee Benefits Inc. (“SEB” or Company”) (TSX VENTURE:SEB) is pleased to report its first profitable quarter and positive EBITDA since being founded in January, 2011. During its initial years, SEB focussed its efforts on developing SAAS-based software solutions and a SAAS/BPO business model, with a major emphasis on the $60 billion “Health Benefits” business in Canada. SEB has completed more than 9 acquisitions and joint ventures in the past 24 months that have resulted in a national network of offices and professionals across Canada, a presence in the UAE, India and Australia, and a profitable, sustainable sales base in excess of $60.0 million.