SEB Announces Proposed Unit Offering of up to $500,000

Smart Employee Benefits Inc. ("SEB") (TSX VENTURE:SEB), is pleased to announce
it intends to complete an equity private placement of up to $500,000 by issuing
up to 1,250,000 of units (the "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 shall
be 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.


SEB has entered into a Finder's Fee Agreement with BBS Securities Inc. (the
"Finder"), pursuant to which the Finder will receive a cash fee of 5% of the
gross proceeds raised from subscriptions in the private placement from persons
introduced to SEB by the Finder, as well as finder warrants (the "Finder
Warrant") equal to 6% of the number of Units of SEB issued with respect to
subscriptions by persons introduced to SEB by the Finder. Each Finder Warrant
shall be exercisable for a period of two years from the closing date at an
exercise price of $0.40 for 1 common share of SEB.


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


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


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 the company, 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: 
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

Smart Employee Benefits (TSXV:SEB)
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