The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Marketwire

Cortex Reports Network Statistics for the Month of April 2013

Thursday, May 09, 2013

Cortex Reports Network Statistics for the Month of April 2013

10:00 EDT Thursday, May 09, 2013

CALGARY, ALBERTA--(Marketwired - May 9, 2013) - Cortex Business Solutions Inc. (TSX VENTURE:CBX) reports the following network statistic updates for the month of April 2013. This report is issued by the second Thursday of each month.

Summary

  • Since our last report, 4 new buying organizations have been signed:
    • Callon Petroleum Company
    • I-Dent
    • Rock Energy
    • West Valley Energy Corp.
  • Year over year, transactions on the network increased 38% from 695,886 in April 2012 to 958,997 in April 2013.
  • Total Customer Contracts increased 25% from 7,339 in April 2012 to 9,147 in April 2013.
  • 114 new suppliers were added to the Cortex Network in April 2013.
  • 51 Hubs are now live on the Trading Partner Network, an increase of 200% year-over-year.

Network Statistics

April-13 April-12 % Change
Total Transactions 958,997 695,886 38 %
Supplier Initiated Transactions 277,991 210,215 32 %
Total Active Contracts 9,147 7,339 25 %
New Customers Added 114 160 -29 %
Total Hubs Active 51 17 200 %

For a full version of this press release, including the graphs and charts, please visit:
http://www.cortex.net/s/NetworkStats.asp

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.

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.

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 Partners
Scott Koyich
(403) 262-9888
skoyich@briscocapital.com
www.cortex.net

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections