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 its wholly-owned subsidiary, SOMOS Consulting Group Ltd. ("SOMOS"), has
acquired 100% of Stroma Service Consulting Inc. ("Stroma"), a company providing
consulting services to various clients including the Government of Ontario. 


TRANSACTION TERMS: SOMOS acquired 100% of the shares of Stroma for $650,000 in
cash; $250,000 in promissory notes paying interest at an annualized rate of 3%
with annual principal repayments over a 3 year period and convertible into
shares of SEB at $0.50, $0.60 and $0.70 per common share of SEB in years one,
two and three, respectively; and the issuance of 1,125,000 shares of SEB. In
connection with the transaction, 700,000 warrants were granted to Mark Sherry,
who will continue in his role as President of Stroma, and 300,000 warrants, in
the aggregate, were granted to other employees of Stroma. The warrants have a
four year term and are exercisable at $0.50, $0.55, $0.60 and $0.70 per common
share of SEB in years one, two, three and four of the term, respectively.


MANAGEMENT COMMENTS: States John McKimm, President/CEO/CIO of SEB, "Stroma's
deep ITIL experience and stellar references adds to our growing Canadian
presence, particularly in Ottawa and Toronto. This acquisition is in line with
our focus on deepening client relationships in government and healthcare. Stroma
has a history of profitability and brings unique expertise that adds to the
suite of solutions and services that enhance SEB's healthcare and SOMOS
technology offerings to corporate and government sectors. Stroma client
references significantly enhance the SEB group's ability to respond to business
opportunities."


ABOUT STROMA: Stroma provides software, consulting, and training services as an
IT Service Management company. Stroma's client base is in both Canada and the
US. Significant clients include various Canadian health ministries along with
other government departments. Stroma has completed a number of successful
healthcare projects, has relevant security clearances, many valuable corporate
and government project references and key vendor arrangements with both
corporate and government clients. Stroma's sales have historically tracked in
the $6.0 million to $7.0 million range.


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 plus 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. 


Forward-Looking Statements

This news release is intended for information purposes only. Statements made in
this news release may contain "forward looking" information about the company's
future business prospects. These statements while expressed in good faith and
believed to have a reasonable basis are subject to risk and uncertainties that
could cause actual results to differ materially from those set forth or implied
by such forward looking statements. Investors should consult a professional
advisor before making any investment decision.


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) 939-8885 x 358
shelly.frank@seb-inc.com
www.seb-inc.com


First Canadian Capital Corp.
Dan Boase
416-742-5600 or 1-866-580-8891
dboase@firstcanadiancapital.com


First Canadian Capital Corp.
Eric Balog
416-742-5600 or 1-866-580-8891
ebalog@firstcanadiancapital.com
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