SEB Engages First Canadian Capital to Provide Investor Relations Services
11 Février 2014 - 4:43PM
Marketwired
SEB Engages First Canadian Capital to Provide Investor Relations
Services
TORONTO, ONTARIO--(Marketwired - Feb 11, 2014) - Smart Employee
Benefits Inc. ("SEB") (TSX-VENTURE:SEB), is a technology company
providing "business processes software solutions and services" to
corporate and government clients with specialty practices focused
on "managing group benefit solutions and health claims processing
environments." SEB is pleased to announce that it has retained
First Canadian Capital Corp. ("First Canadian") as a consultant to
provide consulting and investor relations services.
First Canadian will introduce SEB to private investors,
analysts, brokers, money managers and other financial
professionals, and will generate market awareness for the projects,
business and affairs of SEB.
Under the terms of the consulting agreement with First Canadian
(the "Agreement"), SEB will pay First Canadian $6,000 per month for
a twelve month initial term (with a right of termination by either
party after six months) and grant 400,000 stock options at an
exercise price of $0.60 per share, with vesting in accordance with
the Agreement, the TSX Venture Exchange (the "TSXV") policies and
SEB's stock option plan. The stock options will expire and
terminate upon the earlier of: (i) 24 months from the date of the
execution of the Agreement; and (ii) 30 days after First Canadian
ceases to provide any and all services set forth in the Agreement.
The Agreement and related stock option issuance remain subject to
the approval of the TSXV. First Canadian is arm's length to SEB and
currently does not own any securities of SEB.
Daniel Boase, Partner at First Canadian Capital commented: "SEB
management and its Board of Directors have a solid track record of
building and operating successful companies, particularly in the
technology, benefits and insurance industries. As a strong
testament to their belief in this game changing technology, SEB
Insiders have made a significant financial commitment, owning over
65% of the issued equity and having provided more than half of the
financing to date. SEB's offering could prove invaluable in the
sector as the health benefits industry is in great need of
evaluating its back office, administration and technology systems.
First Canadian is pleased to have the opportunity to work with such
a unique and innovative company in the recession resistant,
healthcare industry."
ABOUT FIRST CANADIAN: Based in Toronto, First Canadian has been
in the investor relations business for seventeen years. They have
assisted numerous, small-cap and mid-tier corporations in gaining
exposure and recognition within the global investment community.
First Canadian's core competencies are found in identifying quality
assets and undervalued companies with high growth potential and
providing effective investor relations and market awareness
services to these companies.
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. Health Claims Processing alone is
a $60.0 billion industry, of which over $35.0 billion is employee
group benefit plans and over $25.0 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 Third Party Administrator and
Insurance Brokerage 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,
fully integrated solutions for specialized environments (e.g.
travel claims, student benefits, hospitals, unique government
applications 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.
FORWARD-LOOKING STATEMENTS: Except for statements of historical
fact contained herein, the information in this press release may
constitute "forward-looking information" within the meaning of
Canadian securities law. All statements which are "forward-looking
statements", involve various known and unknown risk and
uncertainties and other factors, including market conditions that
may affect SEB's ability to execute its current business plan.
Actual results may differ materially from results suggested in any
forward-looking statements. SEB assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward-looking
statements unless and until required by securities laws applicable
to SEB. Additional information identifying risks and uncertainties
is contained in filings by SEB with the Canadian securities
regulators, which filings are available at www.sedar.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.
MEDIA CONTACTS:Smart Employee Benefits Inc.John
McKimmPresident/Chief Executive Officer(888) 939-8895 x
358john.mckimm@seb-inc.comSmart Employee Benefits Inc.Shelly
FrankVice-President, Marketing(888) 939-8895 x
358shelly.frank@seb-inc.comFirst Canadian Capital Corp.Dan
Boase416-742-5600 or
1-866-580-8891dboase@firstcanadiancapital.comFirst Canadian Capital
Corp.Eric Balog416-742-5600 or
1-866-580-8891ebalog@firstcanadiancapital.com
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