Smart Employee Benefits Inc. announced that it has signed a Letter of Agreement with HighCom Software Engineering Co. Ltd. of Harbin, China, that will involve both a Strategic joint venture business agreement, and an investment in SEB by HighCom. SEB has been looking to structure a relationship with a Chinese business partner to supplement its software development environment and expand business opportunities in China.

The executive management of HighCom and select executives of SEB have a trusted business relationship that traces its origins back over 15 years. The basic terms of the HighCom and SEB Letter of Agreement are as follows:- Investment of $500,500 - HighCom has agreed to participate in SEB's equity financing of $1,050,000 announced previously on January 2, 2013. Strategic Joint Venture - The JV Agreement will contain details of the day to day business relationship between HighCom and SEB.

This will include software development and support initiatives and co-marketing of HighCom and SEB software solutions in both Canada and China. As part of the joint venture, HighCom's Canadian operations will operate from SEB's corporate offices in Toronto, Ontario and SEB's China activities will operate from HighCom's corporate offices in Harbin, China.