Caneum, Inc. is a global provider of business process and information technology outsourcing services across vertical industries, including technology, energy, government, transportation, financial services, education and healthcare. The Company provides a suite of business strategy and planning capabilities to assist companies with their "make versus buy" decisions in the areas of data, network, product development, product maintenance and customer support, and fulfills its services in-house, on-shore, near-shore and off-shore, depending on the business goals and objectives of its global customers. In parallel, the Company is opportunistically pursuing accretive acquisitions within its core outsourcing product and service suite in order to broaden its core capabilities, expand its customer base and supplement its organic growth. For more information, please visit the Company's web site at http://www.caneum.com
170 Newport Center Drive, Suite 220 Newport Beach, CA 92660 Jason Daggett
Wallstreet Reporter Interview... http://www.wallstreetreporter.com/profile.php?id=22762# http://www.mn1.com/mp3/canm011907.mp3
some info from the MN1 interview...
CANM started in 2003 by alan and suku
14 quarter growth 170 employees worldwide!, 110 in india
45 contractors in US , 15 Corporate.
this is a 4th company he built! his started with Cisco system, Level 3 Communications, Internet security systems ( was bought by IBM),
from 2 people no sales no customers
2005 2.1 mil
2006 7 million
3rd quarter 2006 2.1 million ( more than 2005)
4th quarter 2.5 million ( )VETS CONTRACT. will start working with US government for the next 10 years
14 quarters all growth. Largest customers...DIRECT TV PANASONIC..... LA SCHOOL DISTRICT
7 million shares OS
HIGHER growth rate then , trade less then 1 time asset value.
ALAN bought at least 500k worth of stock, Insiders buying more. they confident of what they are doing . GOALS
1: 10 million dollar run rate, less than 10 million shares OS
2: 25 million revenue, 5 mil profit go to amex,nasdaq small cap w/ less than 12 million shares OS
theres a disconnect, they never introduced the company to wall street yet, they care about real fundamental
CANM starting to Introduce the company to wallstreet, nobody knows anything about Canium Yet!, wants to build foundation first then advertise. If they meeting their 2nd goal, if they trade at 10 times earning would be a 10 BAGGER ! with
regular growth and this explains the insider buying !
Barren PARTNERS, they are an institution investors, they did dd on CANM for 60 DAYS!, they said
they are first company who couldn't find any issues, full dd on insiders http://www.investrend.com/company/company.asp?sCompany=820&Submit=Find
PRESS RELEASES http://www.caneum.com/pressrel.aspx