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CALGARY, ALBERTA -- (Marketwire) -- 02/14/13 -- 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.
Summary
-- 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.
Network Statistics
January-13 January-12 % ChangeTotal Transactions 970,593 683,808 42%Supplier Initiated Transactions 283,269 214,122 32%Total Active Contracts 8,780 6,798 29%New Customers Added 98 356 -72%Total Hubs Active 42 16 163%
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.
For more information please visit our website at www.cortex.net.
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.
Contacts:
Brisco Capital Partners
Scott Koyich
(403) 262-9888
skoyich@briscocapital.com
