| ||February 14, 2013|
Cortex Reports Network Statistics for the Month of January 2013
| ||CALGARY, ALBERTA, February 14, 2013 - Cortex Business Solutions Inc. (TSX VENTURE: CBX) reports the following network statistic updates for the month of January 2013. This report is issued the second Thursday of each month.|
- Since our last report, there were no new buying organizations that signed.
- Year over year, transactions on the network increased 42% from 683,808 in January 2012 to 970,593 in January 2013.
- Total Customer Contracts increased 29% from 6,798 in January 2012 to 8,780 in January 2013.
- 98 new suppliers were added to the Cortex Network in January 2013.
- 42 Hubs are now live on the Trading Partner Network, an increase of 163% year over year.
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 www.cortex.net or contact:
Brisco Capital Partners
Tel: (403) 262-9888
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
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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