Cortex Business Solutions Inc.

Cortex Business Solutions Inc.

December 07, 2007 09:45 ET

Cortex Announces Expansion to Automation Project

CALGARY, ALBERTA--(Marketwire - Dec. 7, 2007) - Cortex Business Solutions Inc. (TSX VENTURE:CBX) is pleased to announce that it has been awarded a contract to expand the previously announced proof of concept with one of Canada's top 5 integrated Oil & Gas companies. The project will see Cortex solutions deployed to hundreds of suppliers in the coming months to transact purchase orders, field tickets and invoices electronically through the Cortex network.

"The expansion of our network to a broad range of Oil & Gas suppliers in Canada continues to validate the unique value proposition we offer the buyer and supplier communities," said Ryan D. Lailey VP Business Development & Corporate Strategy, adding that, "with the recent spending reductions in the Oil & Gas industry, companies are exploring opportunities to gain additional efficiencies and reduce costs. Our products and services allow companies of all sizes to quickly and effectively reduce operating costs and improve cash flow. This generates a high return on investment for our customers and provides the basis for an industry wide solution that benefits every company connected to our network."

About Cortex

Cortex Business Solutions Inc. enables the secure exchange of business critical documents such as purchase orders, field receipts, invoices and acknowledgments between a large cohort of trading partners. Our customers can implement Cortex quickly and achieve the productivity improvements, enhanced cash flow and efficiencies associated with transacting electronically with their suppliers and customers.

Cortex products and services are non-intrusive and allow our customers the freedom to leverage and optimize their existing processes and information technology assets when it makes the best business sense for them. This approach improves the productivity, cash flow and profitability of our customers, while avoiding the risk and delays associated with large information technology or business processes re-engineering initiatives.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Cortex Business Solutions Inc.
    Ryan D. Lailey
    Business Development & Corporate Strategy
    (403) 260-6647