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Press release from Marketwire

Cortex Reports Network Statistics for the Month of December 2012

Thursday, January 10, 2013

Cortex Reports Network Statistics for the Month of December 201210:00 EST Thursday, January 10, 2013CALGARY, ALBERTA--(Marketwire - Jan. 10, 2013) - Cortex Business Solutions Inc. (TSX VENTURE:CBX) reports the following network statistic updates for the month of December 2012. This report is issued the second Thursday of each month.SummarySince our last report, there were two new buying organizations that signed, which included: Gear Energy Ltd and McGowan Working Partners Inc.Year over year, transactions on the network increased 19% from 668,107 in December 2011 to 794,215 in December 2012. Total Customer Contracts increased 35% from 6,442 in December 2011 to 8,682 in December 2012. 86 new suppliers were added to the Cortex Network in December 2012. 39 Hubs are now live on the Trading Partner Network, an increase of 200% year over year.Network StatisticsDecember-12December-11% ChangeTotal Transactions794,215668,10719%Supplier Initiated Transactions236,118216,1219%Total Active Contracts8,6826,44235%New Customers Added86366-77%Total Hubs Active3913200%For a full version of this press release, including the graphs and charts, please visit: http://www.cortex.net/s/NetworkStats.aspAbout Cortex Business SolutionsCortex 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 StatementsStatements 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.FOR FURTHER INFORMATION PLEASE CONTACT: The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. Contact Information: Brisco Capital PartnersScott Koyich(403) 262-9888skoyich@briscocapital.com