Cortex Business Solutions Inc.

TSX VENTURE : CBX


Cortex Business Solutions Inc.

December 11, 2013 14:38 ET

Cortex Regretfully Announces the Passing of a Member on its Board of Directors

CALGARY, ALBERTA--(Marketwired - Dec. 11, 2013) - Cortex Business Solutions Inc. ("Cortex" or the "Company") (TSX VENTURE:CBX), an enterprise eProcurement solutions company, has announced the passing of Doug Lailey, the chairman of the board of directors. Doug joined the Cortex board of directors in 2005 and immediately brought his immeasurable experience and mentorship to the Company.

The board of directors issued the following statement: "We are greatly saddened by the passing of Doug Lailey. He was a visionary leader, a devoted father and a good friend. The company's directors and employees, as well as the many people he worked with and mentored over the years, mourn his loss. We extend our most heartfelt condolences to Doug's family during this difficult time."

About Cortex Business Solutions Inc.

Cortex Business Solutions Inc. (TSX VENTURE:CBX) is an enterprise eProcurement solutions company that improves efficiencies, reduces costs and streamlines procurement and supply chain processes for its customers. Accessing the Cortex 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 clients' existing business environment. For more information, please visit www.cortex.net.

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

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.

Contact Information

  • Liolios Group Inc. - Investor Relations Contact
    Cody Slach or Greg Falesnik
    1-949-574-3860
    CBX@Liolios.com

    Brisco Capital Partners - Investor Relations Contact
    Scott Koyich
    1-403-215-5979
    skoyich@briscocapital.com