Science & Technology
Science and Technology
Science and Technology
Thu, January 12, 2012
Cortex Reports Network Statistics for the Month of December 2011
January 12, 2012 08:00 ET
Cortex Reports Network Statistics for the Month of December 2011
CALGARY, ALBERTA--(Marketwire - Jan. 12, 2012) - Cortex Business Solutions Inc. (TSX VENTURE:CBX), reports the following network statistic updates for the month of December 2011. This report is issued the second Thursday of each month.
Summary:
- Since our last report, there were no new buying organizations signed. The total new buying organizations signed from August 1 to December 31, 2011 are six.
- Arsenal Energy Inc.
- Canadian Utility Construction Corp.
- Compton Petroleum Corp.
- Regent Resources Ltd
- Sure Energy Inc.
- Twin Butte Energy Inc.
- The volume of transactions on the Cortex Network in December was 668,107 a slight increase over November's 666,528 transaction count. This growth exceeded expectations given the historical drop in transactions in the month of December.
- 366 new suppliers were added to the Cortex Network in December 2011 for a year to date total of 3080 new customers in 2011
- Total Customer Contracts increased 10% to 6,642
- Since our last report, one new producer customer (Regent Resources) went live on the trading partner network
To view the Details chart and the Network Statistics table, please visit the following link: [ http://media3.marketwire.com/docs/112cbx.pdf ]
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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
