Cortex Business Solutions Inc.

Cortex Business Solutions Inc.

November 10, 2011 12:22 ET

Cortex Reports Network Statistics for the Month of October 2011

CALGARY, ALBERTA--(Marketwire - Nov. 10, 2011) - Cortex Business Solutions Inc. (TSX VENTURE:CBX), reports the following Network Statistic updates for the month of October 2011. This report is issued the second Thursday of each month.


  • Since our last report, 1 new buying organization has been signed
    • Compton Petroleum
  • The volume of transactions on the Cortex Network in October was 622,937 a 5% increase over September
  • 216 new suppliers were added to the Cortex Network in October 2011 for a total of 791 new customers in the Quarter
  • Total Active Contracts increased 4% to 5,864


To view the graph associated with this press release please visit the following link:

  • Network Statistics
October 2011
September 2011
Total Transactions 622,937 588,885 5 %
Supplier Initiated Transactions 202,634 197,409 3 %
Total Active Contracts 5864 5,648 4 %
New Customers Added 216 238 -10 %
Total Hubs Active 11 10 10 %

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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