Evolution of Cortex Continues with Appointment of E-Invoicing Pioneer, Gregory Mark, to Board of Directors

CALGARY, Alberta, Oct. 03, 2016 -- Cortex Business Solutions (TSX-V:CBX), a Network-as-a-Service e-invoicing solutions provider, has strengthened the e-invoicing knowledge on our board of directors with the appointment of Gregory Mark, former CEO of Hubwoo, to Cortex’s board of directors.

Mr. Mark has over 35 years’ experience creating, transforming, and growing global technology companies. Prior to joining the Cortex Board, Mr. Mark was CEO and Chairman of the Board of Hubwoo, SA, a French-based, publicly traded Cloud Procure-to-Pay company. Mr. Mark has held senior executive leadership positions at Perfect Commerce and Commerce One and was a founding member of The Indus Group (IGRP), the leader in asset management software for the highly regulated process manufacturing industries. Mr. Mark's areas of expertise include B2B commerce platforms, procurement and accounts payable process automation, plant/asset maintenance and operations and supply chain management.

“Greg has been a pioneer in the online procurement space, and a mentor of mine since I joined Cortex, and I, along with the entire board are excited to welcome him,” said Joel Leetzow, President & CEO of Cortex. “We feel that the experience and leadership he brings is invaluable and will play a meaningful role in Cortex’s future growth strategy.”

Mr. Mark added, “I have been amazed with the turnaround that has occurred at Cortex under Joel’s leadership and look forward to continuing to work with him, and the rest of the Board, as we continue to transform Cortex towards growth and profitability.”

As an alumnus of the University of Missouri-Columbia, Mr. Mark holds a bachelor’s degree in Mechanical Engineering and a Masters in Industrial Engineering.

About Cortex Business Solutions

Cortex Business Solutions Inc. (TSX-V:CBX) is a business-to-business network that enables electronic invoicing for buying and supplying organizations. The Cortex network offers flexible connection methods to reduce the time required to process invoices and tools that leverage existing customer technologies and processes. Access to the Cortex Network enhances the exchange of documents allowing companies to connect and interact with each other to grow their businesses.

For more information, please visit www.cortex.net.

Investor Relations Contacts:

Joel Leetzow		
President and CEO	
[email protected]	
403-219-2838		

Sandra Fawcett (formerly Weiler)	
CFO				
[email protected]		
403-219-2838			

Andrew Stewart
Director, Marketing & Investor Relations
[email protected]
403-219-2838