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Joseph Iannicelli Joins Smart Employee Benefits Board of Directors

TORONTO, ONTARIO -- (Marketwired) -- 06/03/14 -- 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 health benefit solutions, plan administration and claims processing."

SEB is pleased to announce that Mr. Joseph Iannicelli joins the Board of Directors. As an independent Director, Mr. Iannicelli brings over 25 years experience within the Canadian Life and Health Insurance sector, in particular in the group benefits industry.

Joseph is currently CEO of Banyan Work Health Solutions, a leader in disability management and return to work programs, offering services nationally and internationally to a wide variety of public; and private sector employees and major Canadian insurers. Prior to joining Banyan, Mr. Iannicelli was President and CEO for the Canadian operations of The Standard Life Insurance Company for over seven years. Mr. Iannicelli has served on numerous boards and advisor roles, including OMERS, Bikini Village, and Canadian Spirit Resources as Chairman of the Board.

States Mr. Iannicelli, "I'm certainly excited about the opportunity to play a role in seeing SEB achieve their goals. Its investment in health technology and its vision in deploying its core technology expertise within the group health sector, will lead to enhanced services and value to both private and public sector employers, plan sponsors and their members. I look forward to adding my expertise and contributing to an already dynamic group of people within the SEB family."

States John McKimm, CEO of SEB, "Joseph brings a high level of expertise and knowledge derived from a consistent track record of leadership within the Canadian Healthcare and Insurance sector. We welcome him to our board, and with his addition we continue to build around quality people who will work towards our goal of providing leading technology solutions in the deployment of health technology and group health services to employers, plan sponsors, and government health programs."

ABOUT SEB: SEB is a technology company specializing in providing solutions to manage and transact "Big Data". A specialty practice area is "Health Care". SEB provides 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 $37.0 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.

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 McKimm
President/Chief Executive Officer
(416) 460-2817
[email protected]

Smart Employee Benefits Inc.
Shelly Frank
Vice-President, Marketing
(888) 939-8885 x 358
[email protected]

First Canadian Capital Corp.
Dan Boase
416-742-5600 or 1-866-580-8891
[email protected]

First Canadian Capital Corp.
Eric Balog
416-742-5600 or 1-866-580-8891
[email protected]

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