Caneum, Inc. Announces the Addition of Several New Customer Contracts, Company Sees Continued Acceptance of Unique Hybrid Outsourcing Model.

NEWPORT BEACH, Calif. -- Caneum, Inc. (OTCBB:CANM) reported today that it has signed several new customer agreements this quarter for services ranging from web application development to Sarbanes Oxley 404 IT compliance support.

Caneum is providing J2EE application development support for a San Francisco based provider of solutions for information networks, as well as the mobile & internet, industrial electronics, security and environmental measurement markets. Additionally, the Company is providing hosted telecommunications, web application development and corporate web site maintenance services to a leading developer of customized stored value programs headquartered in Newport Beach, CA.

Caneum's Gary Allhusen, Executive Vice President, stated: "We are pleased with the continued recognition by clients of the value provided by our unique hybrid outsourcing model. These contract wins highlight a process which delivers improved operational flexibility to customers desiring the benefits of outsourcing without sacrificing the local management and communication of an exclusively off-shore provider -- a major shift from the existing paradigm."

Allhusen cited specific customer wins including:

--The Bonadio Group - Located in Rochester, NY, The Bonadio Group is a provider of personalized consulting, auditing, and tax services and is a member of Moore Stephens International Limited. Caneum has been engaged to support The Bonadio Group's SOX 404 IT compliance work;

-- JSP Opticians - Located in Manchester, England, JSR Opticians is a group of eye care practices. Caneum has been developing their web presence as well as web based practice management aids; and

--Rutgers Sports - Located in Holland, Rutger Sports specializes in Field hockey and Lacrosse summer camps and in supplying sporting goods for these sports. Caneum has been engaged in creating an Internet e business for Rutger Sports.

Rutger Weise, CEO of Rutger Sport, commented, "Our relationship involves a valuable contribution by Caneum to help us create and develop our web based sporting goods business model on an outsource basis."

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 on-shore, near-shore (NAFTA) 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, concentration of revenue from a small number of customers, the loss of which would have a material detrimental effect on the business and revenues generated by Pipeline, failure to close the Pipeline acquisition, Caneum's ability to gain market acceptance for its services and products, the company's ability to attract and retain skilled personnel, and the company's reliance on third-party suppliers.