Cortex Business Solutions Inc.
TSX VENTURE : CBX

Cortex Business Solutions Inc.

September 08, 2011 12:33 ET

Cortex Reports Network Statistics for the Month of August 2011

CALGARY, ALBERTA--(Marketwire - Sept. 8, 2011) -

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Cortex Business Solutions Inc. (TSX VENTURE:CBX), reports the following Network Statistic updates for the month of August 2011. This report will be issued every second Thursday of each month.

Summary:

  • 1 new buying organization signed in August 2011.
    • Arsenal Energy
  • 337 new customers were added to the Cortex Network in August 2011.
  • The volume of transactions on the Cortex Network increased by 30% compared to July 2011 to a record 588,104 transactions in August

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About Cortex Business Solutions

Cortex Business Solutions Inc. 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.

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.

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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