SEBFF - Smart Employee Benefits received extensions and secures new business contracts of ~$22.2M

Smart Employee Benefits (OTCQB:SEBFF) has received extensions and net new business contracts valued at greater than $22.2M, bringing the total contract wins and extensions to over $205.0M over the past 15 months. SEB’s “White-Label TPA” sales pipeline includes billions of dollars of premiums, of which approximately $2.0B is in advanced stages of negotiations. Currently, SEB has over 530K plan members under contract, representing ~$1.3B of premium. ~370K plan members are fully deployed to SEB’s benefit processing TPA platform with over 160K in transition. SEB solutions can capture over 90% of the fees spent to manage a plan member, which typically are in the range of 7% to 10% of premiums.

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Smart Employee Benefits received extensions and secures new business contracts of ~$22.2M