Caneum, Inc. Expands Servicing Presence in Homebuilder Industry with the Addition of Major Southern California Homebuilder to Customer Roster.

NEWPORT BEACH, Calif. -- Caneum's Infrastructure Group Retained by California Homebuilder for Specialized Expertise in Network and Server Administration

Caneum, Inc. (OTCBB:CANM) today announced that it has signed a contract with a major Southern California homebuilder, a company focused on innovative housing solutions for California's cities and agencies, to provide network and server administration services surrounding its Oracle(C) EnterpriseOne ERP platform. The contract calls for Caneum to supplement the homebuilder's internal network administration and support capabilities. The scope includes support for the development, QA and production environments.

"This customer win demonstrates our strength in the homebuilder industry vertical; it also highlights our specialized expertise in IT infrastructure services and the quality and depth of resources we deliver to the market," commented Gary Allhusen, Executive Vice President of Caneum.

Suki Mudan, President of Caneum, Inc., stated, "We are excited by the recent addition of several new clients to our growing IT Infrastructure practice, specifically to Southern California-based leaders in the homebuilding arena. In addition, contracts with existing and new agency clients, and the opportunity to partner with leading integrators, provide continued strength and expansion for our business portfolio into 2006."

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, onshore, near-shore and offshore, 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; the company's reliance on third-party suppliers; and the company's ability to acquire 1138 Inc. and successfully integrate the operations of 1138 Inc. into the company.