CALGARY, ALBERTA--(Marketwire - Nov. 10, 2011) - Cortex Business Solutions Inc. (TSX VENTURE:CBX), reports the following Network Statistic updates for the month of October 2011. This report is issued the second Thursday of each month.

Summary:

• Since our last report, 1 new buying organization has been signed
  • Compton Petroleum
• The volume of transactions on the Cortex Network in October was 622,937 a 5% increase over September
• 216 new suppliers were added to the Cortex Network in October 2011 for a total of 791 new customers in the Quarter
• Total Active Contracts increased 4% to 5,864

Details:

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• Network Statistics

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.

Contributing Sources

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