CALGARY, ALBERTA--(Marketwire - Oct. 13, 2011) - Cortex Business Solutions Inc. (TSX VENTURE:CBX), reports the following Network Statistic updates for the month of September 2011. This report is issued the second Thursday of each month.

Summary:

• Since our last report, 2 new buying organizations have been signed.
  • Regent Resources
  • Canadian Utility Construction
• 238 new suppliers were added to the Cortex Network in September 2011, the lower number of suppliers added was due to our deployment of our new Workbench solution in the USA.
• Total Active Contracts increased 4% to 5,648
• Average total daily transactions for the month were up 3% over last month and supplier initiated transactions were up 4%.
• The volume of transactions on the Cortex Network in September was 588,885 with 30 days verses 31 in August.
• Launched our new Cortex Workbench to our US customers completing phase 1 of our network upgrade project

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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.

Publication Contributing Sources

• Market Wire