Caneum Inc. Announces Existing Customer Contract Expansion and New Customer Contract Win.NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif. -- Information Technology and Business Process Outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in Company Announces Development and Call Center Agreements Caneum Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CANM CANM Canadian Association of Nuclear Medicine CANM Computer-Aided Network Management CANM California Association for Naturopathic Medicine ) today announced that it has signed a 12 month, $74,000 contract expansion from existing customer, Benefits Group Worldwide (BGW BGW Baghdad (Airport Code) BGW Border Gateways (3GPP) BGW Big Green Weenie BGW Best Garden on the Web BGW Battlefield Guided Weapon BGW Bouscat Giant White (breed of rabbit) ), to develop its next-generation customer enrollment platform. Additionally, Caneum also announced that it has won a pilot project to provide offshore call center and development services to a Los Angeles-based healthcare staffing company. Benefits Group Worldwide selected Caneum to build its next-generation customer enrollment platform. The initiative is mission-critical and will give BGW a significant lead on competitors in this area. Caneum is providing development services from its United States-based operations leveraging its blended on-shore, near-shore and off-shore capabilities. Richard Brown, SVP SVP S'il Vous PlaƮt (French: Please) SVP Senior Vice President SVP Schweizerische Volkspartei (Swiss People~s Party) SVP Society of Vertebrate Paleontology SVP Social Venture Partners SVP St Vincent de Paul of Information Technology at BGW commented: "We needed a quality solution at a competitive price, so outsourcing was a natural path for us to take. Caneum has delivered outsourcing capabilities for us in the past and we selected them again this time based on their proven past performance. It was an easy choice for us to expand our relationship with Caneum and we look forward to working together regularly rolling forward rolling forward The liquidation of one option position by an investor at the same time that he or she takes an essentially identical position with a more distant maturity. ." For the Los Angeles-based healthcare staffing company, Caneum is providing call center services from its United States-based operations by again leveraging its blended on-shore, near-shore and off-shore capabilities. The staffing company is in the early phases of ramping its outbound and inbound call center capabilities and turned to Caneum for its operational business process outsourcing (BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ) solution. Services provided by Caneum will initially include nurse profiling, marketing, candidate screening, interview scheduling and follow-up activities. About Benefits Group Worldwide (BGW) Benefits Group Worldwide (BGW), with headquarters in Los Angeles, designs, implements and administers executive benefits plans for enterprise organizations across the globe. They develop benefit programs for the world's top companies, and assist organizations recruit, retain, reward and retire their key executives. Their services include: Benfits Consulting, Benefit Plan Administration, Regulatory and Legislative Services and Actuarial and Financial Services. Please visit www.benefitsgroupworldwide.com for further information. About Caneum Inc. Caneum Inc. is a global provider of business process and information technology outsourcing Information Technology Outsoucing or ITO is a company's outsourcing of computer or Internet related work, such as programming, to other companies. It is used in refence to Business Process Outsourcing or BPO, which is the outsourcing of the work that does not require so much 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. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 attract and retain skilled personnel; the company's ability to fund its operations; and the company's reliance on third-party suppliers. |
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