Cortex Business Solutions Inc.
TSX VENTURE : CBX

Cortex Business Solutions Inc.

February 10, 2011 15:30 ET

Cortex Announces New VP of Finance & Corporate Planning

CALGARY, ALBERTA--(Marketwire - Feb. 10, 2011) - Cortex Business Solutions Inc. (TSX VENTURE:CBX) ("Cortex" or the "Company") is proud to announce the addition of Mr. Hendrik Lombard to the Cortex management team as Vice President of Finance and Corporate Planning. Hendrik has over 20 years of financial management experience and, previously, was CFO at Direct Cash Payments Inc. (Direct Cash Income Trust) and Genoil Inc. He brings years of experience with startup and technology based companies and will be a valuable addition to the Cortex team. His responsibilities include business planning, corporate performance management and investor relations.

"We are very excited to have Mr. Hendrik Lombard on board and part of our management team. As the company continues to grow, we believe having a distinguished and experienced management team is pivotal to the success of the company. A leadership team capable of managing the growth, optimizing the business, improving productivity, driving cost efficiencies, while increasing sales and customer satisfaction is essential to our success. Hendrik brings this type of experience to the team and will strengthen the entire organization by focusing our efforts in these key areas." stated Ryan Lailey, VP of Business Development and Corporate Strategy at Cortex.

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.

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