Caneum Inc. (fka CANMQ)

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.20

Caneum, Inc. Provides Year-End Update to New Customer Contract Wins Worldwide
26 minutes ago - Market Wire

Caneum, Inc. (PINKSHEETS: CANM), a global provider of business process and information technology outsourcing services, today announced that it has closed over $4 million of new contract wins and existing customer expansions during December 2007.

This new business includes a major new Fortune 100 company in the Insurance sector, a new Fortune 100 company in the Media and Entertainment sector and further contract expansions with existing customers.

Suki Mudan, President of Caneum, stated, "These record new customer acquisitions and expansions in December establish a very strong backlog of business for us as we enter into 2008."

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.

Contact: Caneum, Inc. Gary Allhusen EVP, COO & Principal Financial Officer [phone] Email Contact
SOURCE: Caneum, Inc.

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