Cortex Business Solutions Inc.

Cortex Business Solutions Inc.

December 08, 2014 12:04 ET

Jim Barker Joins Cortex as Interim CEO

CALGARY, ALBERTA--(Marketwired - Dec. 8, 2014) - The Board of Directors of Cortex Business Solutions Inc. (TSX VENTURE:CBX)(OTCQX:CTPNF) is pleased to announce that Jim Barker has joined Cortex as Interim President and CEO effective immediately. Art Smith has left the Company to pursue other interests and the Board wishes to thank Art for his past contributions.

Jim brings 20+ years' experience working with rapidly growing technology companies to realize their strategic potential while providing executive leadership to all areas of the businesses. Jim has led international growth initiatives in the Energy, Agriculture, and Technology spaces and was a Partner for the Financial Advisory practice of the largest Professional Services company in the world. Jim has served on a variety of Boards of Directors, holds an MBA from the University of Western Ontario, and is a CFA, CBV, and Six Sigma Blackbelt.

"The Board is committed to the continued growth of our business model and enhancement of our business solution for multiple industries throughout North America as we work closely with our customers and solution partners," said Randy Henderson, Chairman of the Board. "We are excited to have Jim's extensive technology and energy industry experience to expand upon the momentum we have built while we move forward to hire a permanent CEO."

About Cortex Business Solutions

Cortex Business Solutions Inc. (TSX VENTURE:CBX)(OTCQX:CTPNF) is an enterprise e-Procurement 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

Forward-Looking Statements

Certain statements contained in this press release may constitute forward-looking statements. All statements other than statements of historical fact may be forward-looking statements. In particular, this press release contains forward-looking statements pertaining to meaning revenue growth from e-billing solution and recurring revenue growth. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Cortex believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon by investors. With respect to forward-looking statements contained in this press release, Cortex has made assumptions regarding, among other things: Cortex's continued success in gaining new customers in Canada and the United States, general economic and financial conditions, and other assumptions as set forth in the company's annual filings. Cortex's actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors that may include, but are not limited to: worse than expected general economic conditions in Canada and the United States, the inability of management to execute its business plan and manage growth successfully and the risk of slow service adoption. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect Cortex's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (

The forward-looking statements contained in this press release speak only as of the date of this press release and are expressly qualified, in their entirety, by this cautionary statement. Readers should not place undue reliance on forward-looking information. Except as required by law, the company undertakes no obligation to publicly update or revise any forward-looking statements.

Contact Information

  • Cortex Business Solutions Inc.
    Randy Henderson
    Chairman of the Board

    Cortex Business Solutions Inc.
    Jim Barker
    Interim President and CEO