CALGARY, ALBERTA — (Marketwired) — 08/01/13 — Cortex Business Solutions Inc. (TSX VENTURE: CBX), an enterprise eProcurement solutions company, has engaged Liolios Group to lead a new investor relations and strategic financial communications program.
“Over the past year, the expansion of the Cortex network has resulted in the highest revenue in our company-s history and a record number of customer transactions on our network,” said Art Smith, president and CEO of Cortex. “Adding to these results, we launched our new client portal this summer and are pursuing a number of exciting revenue and industry opportunities in the U.S. and Canada.”
“Given our growing momentum, we believe our shareholders will benefit from an experienced team of investor relations professionals to help us navigate the global capital markets and increase awareness of our story in the financial community, especially among our broadening U.S. audience. Liolios Group brings a proven track record of assisting emerging growth and international companies like Cortex enhance shareholder value by delivering the right message to the right audience with persistency and focus.”
Liolios Group will work closely with Cortex management to develop and deploy a comprehensive North American capital markets strategy, which will include messaging and corporate positioning, strategic advisory and introductions to investors and key influencers in the financial community. Ongoing activities will include scheduling analyst meetings, roadshow presentations and investment conferences.
For additional information about Cortex, contact Liolios Group at 949-574-3860 or email .
Terms of the Engagement
The company-s initial six-month engagement of Liolios Group calls for the payment of $5,000 per month through August 2013 and $7,500 per month for every month thereafter. If certain objectives are met, the engagement calls for the vesting of stock options over three years to acquire up to an aggregate of 300,000 common shares of Cortex at $0.24, as well as the reimbursement of pre-approved and reasonable expenses associated with the services to be provided under such engagement.
About Liolios Group
Liolios Group, Inc. is a highly selective and comprehensive investor relations firm specializing in small and micro-cap companies. The firm aims to deliver superior performance in corporate messaging and positioning, investor awareness, analyst and financial press coverage, and capital attraction. Founded in 1999, Liolios Group executives have extensive experience in finance and investments, and represent clients in a wide range of industries, including technology, digital media, consumer/internet retail, healthcare/life sciences, natural resources, and business services. For more information about Liolios Group, please visit .
About Cortex Business Solutions Inc.
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, visit .
Contacts:
Company Contact:
Ryan Lailey
Senior VP U.S. Operations & Business Development
Investor Relations:
Liolios Group Inc.
Scott Liolios or Cody Slach
949-574-3860
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