Cortex Business Solutions Inc.

TSX VENTURE : CBX


Cortex Business Solutions Inc.

April 23, 2014 10:00 ET

Cortex Welcomes Scott Lamacraft to its Board of Directors

CALGARY, ALBERTA--(Marketwired - April 23, 2014) - The Board of Directors and Management Team of Cortex Business Solutions Inc. (TSX VENTURE:CBX) is pleased to announce the appointment of Scott Lamacraft to its Board of Directors.

Scott Lamacraft has been the CEO of Cormark Securities Inc. (previously Sprott Securities Inc.) since 2001 and has been in the investment business since 1993. Cormark is a leading independent investment dealer counseling Canadian and international institutional investors and a wide variety of growth oriented companies from its offices in Toronto and Calgary.

"We are very pleased that Scott is joining the Cortex Board" commented Art Smith President & CEO of Cortex "Scott's capital markets expertise and background in the Oil and Gas Services will be a significant asset to Cortex as we continue to execute our growth strategy"

As part of Cortex's Standard Directors compensation package, 200,000 options have been granted at the closing price of April 22nd 2014.

About Cortex Business Solutions Inc.

Cortex Business Solutions Inc. is an industry-leading service company that improves efficiencies, reduces costs and streamlines procurement and supply chain processes for its customers. Accessing 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 solution that can be implemented quickly by leveraging its customers existing business environment.

For more information please visit our website at 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.

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