 | |
|
|
 
| | May 10, 2010
Cortex Goes Live with Murphy & Energy Trust
|
| | CORTEX GOES LIVE WITH MURPHY & CALGARY ENERGY TRUST
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./
Calgary, Alberta - (Marketwire -- 1:00PM MST on Monday, May 10, 2010) Cortex Business Solutions Inc. (TSXV: CBX) ("Cortex" or the "Company") and its partner Powervision Software are pleased to announce that Murphy Oil & a Calgary based Energy Trust, referenced in our January press releases, are live on the Cortex Trading Partner Network (the "Network"). Both projects went live in the last couple weeks and their initial customers have starting sending documents and transacting on our Network.
These two projects are fundamental to our Company. While both present the opportunity to increase the value of our Network, they also increase the value of our service to our current customer base. With each new connection to our Network, our clients have the ability to transact electronically with more of their customers and trading partners sending business critical documents such as purchase orders, work receipts and invoices to each other in a timely and accurate manner over our Network.
Over the next few months, Cortex will be on-boarding crossover and net new suppliers for these customers. Combined, Murphy Oil and the Energy Trust Company have over 1,600 crossover and net new supplier connections for Cortex. This activity will drive our sales and delivery teams productivity and open up new opportunities for integration sales with our current customer base.
Powervision and Cortex are dedicated and focused on optimizing purchase to payment and invoicing processes for corporations by implementing electronic procurement, invoicing and document management solutions. In the end, our customers reduce costs, streamline their procure-to-pay process and improve business controls.
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 or contact:
Brisco Capital Partners
Scott Koyich, President
Tel: (403) 262-9888
skoyich@briscocapital.com
About Powervision Software Inc.
Powervision Software Inc. is a leader in the development and provisioning of enterprise class Imaging, Document Management and Workflow solutions in the North American marketplace. Leveraging over 16 years of experience, Powervision solutions drive cost savings and productivity increases at companies ranging from an Energy Resources organization with over $17 billion in revenue processing several millions documents online, to SMEs with less than 50 employees. Our solutions integrate seamlessly to provide a powerful platform to capture, organize, index, store, secure, route and access a company's vital corporate documents. For more information, please visit our website at www.powervisionsw.com.
Jean-Paul de Poyen
President & CEO
Tel: (403) 265-0555
jp.depoyen@powervisionsw.com
Forward-Looking Statements
Statements in this release relating to matters that are not historical facts are forward-looking statements. Such forward-looking statements may involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of the Company to be materially different from any future results implied by such forward-looking statements. Forward-looking statements are often, but not exclusively identified by words such as "anticipate", "may", "expect", "plan", "future", "continue", "intends", "projects", "believes", "seek", "budget", "estimate" ,"forecast", "will", "predict", "potential" ,"target", "could", "might", and other similar expressions.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. |
| |
| | You can view the Next News Releases item: Tue May 18, 2010, Cortex Awarded Grant from Alberta Innovates
You can view the Previous News Releases item: Tue Mar 30, 2010, Cortex Announces Closing of $7 million Bought Deal Financing
You can return to the main News Releases page, or press the Back button on your browser.
|
|
| |
