Caneum, Inc. Global Headcount Surpasses 220 Employees, Contractors and Consultants
Thursday June 21, 9:35 am ET
Company Now Fields More Than 55 Headcount in the United States and More Than 165 Headcount Internationally
NEWPORT BEACH, CA--(MARKET WIRE)--Jun 21, 2007 -- Caneum, Inc. (OTC BB:CANME.OB - News), a global provider of business process and information technology outsourcing services, today announced that the Company's global headcount now exceeds 220 employees, contractors and consultants.
Headquartered in Newport Beach, California, with a presence in India, Pakistan, Singapore the Company has been steadily expanding its global geographic reach and outsourcing sales and delivery capabilities, culminating with this most recent operational milestone and achievement.
Suki Mudan, President and Principal Executive Officer of Caneum, Inc., remarked, "Due to the strong growth in our international customer base, we have greatly expanded our worldwide headcount to account for the underlying ramp to our business. As we move forward, we plan to maintain our current momentum, accelerate further internal growth initiatives and ensure that we continue providing our customers with the high-quality outsourcing services that they have come to expect from our Company. We appreciate the strong trust and confidence that our customers and partners have placed in our business and believe that the depth and quality of our relationships bode well for the future."
About Caneum, Inc.:
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 www.caneum.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: with the exception of historical information, the statements set forth above include forward-looking statements that involve risk and uncertainties. The Company wishes to caution readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include, but are not limited to, the risk factors noted in the Company's filings with the United States Securities and Exchange Commission, such as the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products, services and enhancements by competitors; the competitive nature of the markets for the Company's products and services; the Company's ability to gain market acceptance for its products and services; the Company's ability to fund its operational growth; the Company's ability to attract and retain skilled personnel; the Company's ability to diversify its revenue streams and customer concentrations; and the Company's reliance on third-party suppliers.
EVP, COO & Principal Financial Officer
TMS Capital, LLC
Thomas Sauve (Investors / Media)