Cortex Business Solutions Inc.

Cortex Business Solutions Inc.

June 13, 2013 10:00 ET

Cortex Reports Network Statistics for the Month of May 2013

CALGARY, ALBERTA--(Marketwired - June 13, 2013) - Cortex Business Solutions Inc. (TSX VENTURE:CBX) reports the following network statistic updates for the month of May 2013. This report is issued by the second Thursday of each month.


  • Since our last report, no new buying organizations have been signed
  • Year over year, transactions on the network increased 25% from 693,921 in May 2012 to 869,766 in May 2013.
  • Total Customer Contracts increased 23% from 7,537 in May 2012 to 9,305 in May 2013.
  • 158 new suppliers were added to the Cortex Network in May 2013.
  • 51 Hubs are now live on the Trading Partner Network, an increase of 200% year-over-year.

Network Statistics

May-13 May-12 % Change
Total Transactions 869,766 693,921 25%
Supplier Initiated Transactions 260,050 217,115 20%
Total Active Contracts 9,305 7,537 23%
New Customers Added 158 198 -20%
Total Hubs Active 51 17 200%

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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.

For more information please visit our website at

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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