SEB Smart Employee Benefits Inc

Smart Employee Benefits Inc. ("SEB") (TSX VENTURE:SEB), is pleased to announce
it has closed an equity private placement of $500,000; consisting of 1,250,000
units at a purchase price of $0.40 per unit, with each unit consisting of 1
common share of SEB and 1 common share purchase warrant of SEB (the "Share
Purchase Warrant"). Each Share Purchase Warrant is exercisable for 1 common
share of SEB at any time for a three (3) year term from the date of closing at
an exercise price of $0.50 in year one, $0.55 in year two, and $0.65 in year
three. 


Pursuant to a Finder's Fee Agreement with BBS Securities Inc. (the "Finder"),
the Finder received a cash fee of $25,000, being 5% of gross proceeds of
$500,000 raised from subscriptions in the private placement from persons
introduced to SEB by the Finder, as well as 75,000 finder warrants (the "Finder
Warrants"). Each Finder Warrant is exercisable for a period of two years from
the closing date at an exercise price of $0.40 for 1 common share of SEB. 


All securities issued in connection with the private placement are subject to a
four month hold period from the date of closing. 


Proceeds from the private placement will be used for acquisitions and working
capital requirements.


About SEB: SEB is a technology company providing software, solutions and
services specializing in managing group benefit solutions and healthcare claims
processing environments for corporate and government clients. This is a $56.0
billion industry, of which over $33.0 billion is employee group benefit plans
and over $23.0 billion of other healthcare benefit claims (e. g. workers'
compensation claims, travel benefits, various federal and provincial government
programs, dental associations, drug associations, etc.). In the employee group
benefits industry, SEB operates as a licensed Third Party Administrator ("TPA")
and Insurance Broker utilizing its software platform to provide "totally hosted
PCI compliant supply chain solutions" for managing the complete group benefits
business processes between insurers, clients, brokers, consultants, technology
service providers and healthcare service providers. In healthcare claims
processing, SEB also operates as a systems integrator utilizing its technology
platform together with other technologies to provide customized solutions for
highly specialized environments (e.g. travel claims, etc.). The technology and
expertise deployed in this area also allows SEB to provide other related supply
chain, systems integration and human resource solutions and services to the same
clients.  


For further information about SEB, please visit www.seb-inc.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Media Contacts:
Smart Employee Benefits Inc.
John McKimm
President/Chief Executive Officer
(416) 460-2817
john.mckimm@seb-inc.com


Smart Employee Benefits Inc.
Shelly Frank
Vice-President, Marketing
(888) 939-8895 x 358
shelly.frank@seb-inc.com
www.seb-inc.com

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