Cortex Business Solutions Inc.
TSX VENTURE : CBX

Cortex Business Solutions Inc.

January 20, 2011 14:00 ET

Cortex Announces New Member To The Advisory Committee

CALGARY, ALBERTA--(Marketwire - Jan. 20, 2011) - Cortex Business Solutions Inc. (TSX VENTURE:CBX) ("Cortex" or the "Company") is proud to announce the addition of Murray Smith, a member of the Energy Advisory Board of TD Securities and former Minister of Energy for Alberta, to the Cortex Advisory Committee ("the Committee"). The Committee has proven to be a critical part of helping management refine their strategy and provide guidance on the execution of growth opportunities.

The Committee advises Cortex management on the following:

  • Identifying strategic opportunities
  • Expanding operations into new industries and locations
  • Creating partnerships and investment opportunities
  • Running a successful growth company

Murray Smith is a member of Energy Advisory Board of TD Securities Inc.. He is a member of the Advisory Board of HATCH, a Canadian based global engineering firm with over 8000 employees. He maintains a private consulting company, Murray Smith and Associates.

Murray was appointed in January 2005 as the Official Representative of the Province of Alberta to the United States of America. He led the Alberta Office in Washington, DC, until returning to Canada in the fall of 2007. During his tenure in Washington DC, Murray testified in Senate and Congressional Committees on Energy, was a frequent commentator and source for energy analysis for US print and electronic media. Murray is a frequent presenter and speaker to investor organizations, conferences and numerous seminars.

Prior to his diplomatic posting, Murray served for twelve years as a Member of the Legislative Assembly in the Province of Alberta, serving in four different Cabinet portfolios –Energy, Gaming, Labour, and Economic Development.

As Minister of Energy (2001 to 2004), Murray was responsible for gaining international recognition of Alberta's 176 billion barrels of established oil reserves including 174 billion barrels of oil sands. During his tenure, Alberta annual oil and gas royalty revenue rose to over $9 billion, a record number of wells were drilled (over 20,000), and over $60 billion in investment was committed to Alberta oil sands projects.

Before running for elected office in 1993, Murray was an independent businessman with a number of Alberta based energy service companies including drilling fluids, service rigs, oilfield contracting and consulting. Murray is the recipient of numerous awards, including: Top 40 Alumni in the past 40 years at the University of Calgary (where an endowment exists in his name), and Alberta Venture newsmagazine's 50 most influential Albertans (2006). Murray was also recognized for his work with First Nations in Alberta and is honoured with the name "Seven War Bonnets Man". Murray is a past Director of the Calgary Stampede Board and presently serves on the Telus Community Giving Board.

A graduate of the London Business School's Senior Executive Program, Murray also holds a B.A. (Economics & Political Science) University of Calgary. A graduate of Notre Dame College in Wilcox, Sask.

About Cortex Business Solutions Inc.

Cortex Business Solutions Inc. is an industry leading service company that improves efficiencies, reduces costs and streamlines procurement and supply chain processes for its customers. Accessing the Cortex Trading Partner Network enhances the exchange of business critical documents, such as purchase orders, receipts and invoices resulting in improved cash flow management and business controls, while reducing day's outstanding and administrative costs. Cortex is a low cost, low risk solution that can be implemented quickly by leveraging its customers existing business environment. For more information please visit our website at www.cortex.net.

Forward-Looking Statements

Statements in this release relating to matters that are not historical facts are forward-looking statements. Such forward-looking statements may involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of the Company to be materially different from any future results implied by such forward-looking statements. Forward-looking statements are often, but not exclusively identified by words such as "anticipate", "may", "expect", "plan", "future", "continue", "intends", "projects", "believes", "seek", "budget", "estimate" ,"forecast", "will", "predict", "potential" ,"target", "could", "might", and other similar expressions.

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

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