Caneum, Inc. Announces Contract Expansion with Nasdaq National Market Traded Customer Providing Production Support Services for the Company's PeopleSoft Environment.

NEWPORT BEACH, Calif. -- Caneum, Inc. (OTCBB:CANM) today announced that a preexisting Nasdaq National Market customer has expanded its agreement with Caneum to include PeopleSoft(C) production support services.

The customer, a leading provider of skilled temporary professionals to clients in the life sciences and healthcare industries, is in the process of migrating its data center back in-house and has retained Caneum to provide Oracle(C) DBA and PeopleSoft(C) System Administration services.

Executive Vice President Gary Allhusen commented, "We are pleased to see continued acceptance of our model through new customer wins and pre-existing contract renewals earned through our Industry Advisory Services Practice. Caneum will continue to assist the customer meet the objectives of improving availability and reliability of its PeopleSoft production system while minimizing the ongoing cost of managing its environment."

Caneum is supporting its customer's dual objectives of maximizing quality and minimizing cost by leveraging very experienced PeopleSoft(C) and Oracle(C) resources as a bundled service. Caneum is directly involved in supporting the data center migration project and related tasks including:

--Environment setup and test

--Maintenance and support of PeopleSoft(C) application, Oracle(C) database and Solaris(C) operating system 

--Scheduled changes and updates to the environment

--Emergency, break/fix work

--Problem resolution support

Alan Knitowski, Caneum's Chairman stated, "As we outlined in our shareholder letter at the beginning of the year, I am happy to report that our team continues to work successfully operationally in both developing new customer relationships and expanding existing customer relationships such as this one. It speaks volumes of the capabilities of the Caneum management team and in the high value that our customers place on our delivery skill set in repeatedly selecting Caneum for continued and expanded contract work and support. We are extremely pleased with the vote of confidence through the continuance and expansion of our business relationship. We feel it speaks to both companies' commitment to our customers and our joint effort to provide best of breed services in support of their businesses."

About Caneum, Inc.:

Caneum, Inc. is a global provider of business process and information technology outsourcing products and 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, Caneum 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.

"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 Securities & Exchange Commission, such as the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products and enhancements by competitors; the competitive nature of the markets for Caneum's services; Caneum's ability to gain market acceptance for its services and products; the company's ability to fund its operations; the company's ability to attract and retain skilled personnel; and the company's reliance on third-party suppliers.