Cortex Reports Network Statistics for the Month of November 2012
December 13, 2012 --
CALGARY, ALBERTA -- (Marketwire) -- 12/13/12 -- Cortex Business Solutions Inc. (TSX VENTURE:CBX) reports the following network statistic updates for the month of November 2012. This report is issued the second Thursday of each month.
-- Since our last report, there were seven new buying organizations that signed, which included: Advantage Oil and Gas Ltd, Longview Oil Corp, Silverwillow Energy Corporation, Alberta Welltest Incinerators, Infratech Corporation, Clearstream Energy Holdings LP, and Tarpon Energy Services Ltd. -- Year over year, transactions on the network increased 29% from 666,528 in November 2011 to 857,261 in November 2012. -- Total Customer Contracts increased 44% from 5,980 in November 2011 to 8,596 in November 2012. -- 156 new suppliers were added to the Cortex Network in November 2012. -- 36 Hubs are now live on the Trading Partner Network, an increase of 200% year over year.
November-12 November-11 % Change Total Transactions 857,261 666,528 29% Supplier Initiated Transactions 259,000 217,783 19% Total Active Contracts 8,596 5,980 44% New Customers Added 156 217 -28% Total Hubs Active 36 12 200%
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.
For more information please visit our website at www.cortex.net.
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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Brisco Capital Partners
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