Cortex Business Solutions Inc.
TSX VENTURE : CBX

Cortex Business Solutions Inc.

April 29, 2011 08:30 ET

Cortex Business Solutions Inc. Announces Issuance of Shares

CALGARY, ALBERTA--(Marketwire - April 29, 2011) -

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Cortex Business Solutions Inc. (TSX VENTURE:CBX) ("Cortex") announces today that under the Hub Share Awards Program, as approved at the Annual General and Special Meeting held on June 14, 2010, the Company has issued a total of 200,000 common shares to a contractor of the corporation in lieu of cash compensation at a deemed price of $0.45. In addition, the Company issued 8,889 in alignment with the Companies EPM program upon termination of an employee, also at a deemed price of $0.45.

About Cortex Business Solutions

Cortex Business Solutions is an enterprise eProcurement solutions company that improves efficiencies, reduces costs and streamlines procurement and supply chain processes for its customers. 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 cloud-based 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 that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Brisco Capital Partners
    Scott Koyich
    (403) 215-5979
    skoyich (at) briscocapital.com