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Cortex Reports Fiscal Second Quarter 2015 Network Statistics

CALGARY, ALBERTA – March 13, 2015 – Cortex Business Solutions Inc. (TSXV: CBX) (OTCQX: CTPNF), an enterprise e-Procurement solutions company, reported network statistics for its fiscal second quarter ended January 31, 2015.

Fiscal Q2 2015 Network Statistics Summary

  • Signed 2 new 100% e-Billing solution customers.
  • Signed 4 new buying organizations in Canada, and 1 new buying organization signed in the United States
  • Added 496 new suppliers to the Cortex Network, a decrease of 30% from Q1 2015.
  • Active buying organizations on the Cortex Network remained flat from Q1 2015, totaling 78.
  • Active suppliers on the Cortex Network increased 1% to 8,752 compared to Q1 2015.
  • Billable transactions decreased 3% to 1,423,818 compared to Q1 2015.
  • Total transactions decreased 3% to 3,915,442 compared to Q1 2015.

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Investor Relations Contacts:

Joel Leetzow Sandra Fawcett (formerly Weiler)         Andrew Stewart
President and CEO CFO Director, Marketing & Investor Relations