Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) today reports its financial results for the fourth quarter and fiscal year ending November 30, 2019

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) announces that the challenges posed by COVID-19 have resulted in a continuing delay in the finalization and filing of: (i) the Company’s audited annual financial statements for the fiscal year ended November 30, 2019 and the related management’s discussion and analysis (collectively, the “Annual Filings”); and (ii) the Company’s interim financial statements for the quarter ended February 29, 2020 and the related management’s discussion and analysis (collectively the “First Quarter Filings”), all as required by Part 4 and Part 5 of National Instrument 51-102: Continuous Disclosure Obligations.

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 initially announced by the Company’s press release on November 5, 2019 and most recently by press release on March 23, 2020. The strategic financing transaction is expected to close coincident with the completion of an operating credit facility, which negotiations are in process.

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) announces that it will not be in a position to file its audited annual financial statements for the fiscal year ended November 30, 2019 and the related management’s discussion and analysis, as required by Part 4 and Part 5 of National Instrument 51-102: Continuous Disclosure Obligations (collectively, the “Annual Filings”) by the filing deadline of March 30, 2020.

SEB Administrative Services Inc. (“SEB Admin”), a subsidiary of Smart Employee Benefits Inc. (“SEB Inc.”, TSXV:SEB), a leader in health and benefits administration and processing solutions and services, have partnered with virtual healthcare provider EQ Care to make virtual healthcare available to more than 90,000 Walmart Canada associates.

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.

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.

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.

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.