Cortex Business Solutions Inc.
TSX VENTURE : CBX

Cortex Business Solutions Inc.

June 09, 2016 10:46 ET

Cortex Business Solutions Announces the Appointment of Senior Leaders to PIDX International Committees

CALGARY, ALBERTA--(Marketwired - June 9, 2016) - Cortex Business Solutions Inc. (TSX VENTURE:CBX), an online business-to-business, network as a service, that helps companies reduce invoice processing times by connecting and interacting with each other, today announces the appointment of Joel Leetzow and Elena Dumitrascu to key roles on the leadership team for PIDX International.

PIDX International is committed to the standardization of business processes that deal with the exchange of data between trading partners in the Oil & Gas business. The list of standards that PIDX provides encompasses XML schemas, as well as Best Practices Documents, Business Process Guidelines, Implementation Guides, Industry Code Lists, the Data Dictionary and the Petroleum Industry Glossary.

Joel Leetzow, President & CEO of Cortex, has assumed the role of PIDX's Chairperson of Marketing Committee tasked with setting the marketing strategy for the PIDX membership. The role of Chairperson is a volunteer role, but one that Mr. Leetzow sees as being critically important to the betterment of the industry. Mr. Leetzow commented, "I'm extremely honored to be given the opportunity to work with my peers in the oil & gas community to shape the marketing strategy for PIDX and to elevate awareness of the standardization of business processes throughout the industry."

In addition, Elena Dumitrascu, will be involved with PIDX's Field Ticket initiative and will be representing Cortex at the PIDX US Spring Conference on June 9th, 2016 in Houston. As part of her presentation, Ms. Dumitrascu will provide insights into maximizing existing investments in ERP and building strong vendor relationships. She will also be discussing the future of eBusiness and its role in the Buyer/Supplier partnership along with thoughts surrounding the adoption of new technologies and the importance of standardization for the purpose of supporting efficient business practices.

About OFS Portal, LLC

Headquartered in Houston, OFS Portal LLC is a group of diverse suppliers helping buyers in the use of industry best practices when digitizing their supply chain, promoting cost-effective approaches in making e-Commerce a reality for both buyers and sellers. OFS Portal members include: Baker Hughes, Cameron International, GE Oil & Gas, Halliburton, Select Energy Services, Trican Well Service, and Weatherford International. Membership is open to any oilfield supplier with activities in the upstream oil and gas sector. Learn more at www.ofs-portal.com or call 832-681-7300.

About Cortex Business Solutions

Cortex Business Solutions Inc. (TSX VENTURE:CBX) is a business-to-business network that enables electronic invoicing for buying and suppling organizations. The Cortex network offers flexible connection methods to reduce the time required to process invoices and tools that leverage existing customer technologies and processes. Access to the Cortex Network enhances the exchange of documents allowing companies to connect and interact with each other to grow their businesses.
For more information, please visit www.cortex.net.

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