Caneum Inc. Announces Signing of LOI to Acquire Clarence M. Kelley and Associates Inc.'s Backgrounds Division, Entering the Billion Dollar Market for National Background and Investigative Services.

NEWPORT BEACH, Calif. -- Company Sees the Transaction Being Immediately Accretive as Management Continues to Build Shareholder Value

Caneum Inc. (OTCBB:CANM) today announced the signing of a Letter of Intent to acquire 1138 Inc., d/b/a Clarence M. Kelley and Associates Inc., a leading background investigative services provider located outside of Kansas City, Kan. Formerly the Backgrounds Division of the well-known National Security Solutions and Risk Management Company, Clarence M. Kelley and Associates Inc., 1138 was spun off in a management buy-out in July 2004. Terms of the proposed acquisition are not being disclosed and the closing of the acquisition is contingent upon numerous conditions, including, but not limited to, an audit of the financial statements of 1138 Inc.

Alan Knitowski, chairman of Caneum Inc., stated: "We are extremely pleased with the signing of the LOI to acquire 1138 Inc. Caneum believes that there is a tremendous market opportunity for background screening and investigative services as part of a bundled HR-oriented business process outsourcing (BPO) offering and views this acquisition as a core component to our BPO line of business. Additionally, we view 1138's diverse commercial and governmental customer base as a great foundation to support both corporate and federal customers as part of basic pre-employment screening and advanced Homeland Security initiatives. This acquisition will be immediately accretive to Caneum upon closing as we are acquiring a company with positive operating cash flow and net income in its most recent calendar year. We believe that this will be a fantastic fit for both companies and their respective shareholders."

Darren Dupriest, president of 1138 Inc., stated: "Technology has taken the forefront in our effort to provide human resources professionals with a service partner who understands their need for accurate and relevant information, which allows them to reduce their exposure and risk. Since the Backgrounds Division was spun off in 2004, we have sought a partner with the technology and human services expertise to allow us to reach the next level of customer satisfaction - Caneum provides that resource."

About 1138 Inc.:

1138 Inc., formerly the Backgrounds Division of Clarence M. Kelley and Associates of Kansas City, Mo., until acquired by management in July 2004, has strategically positioned itself in the background screening industry as a customer-centric alternative to the nation's employers. The Backgrounds Division of Clarence M. Kelley and Associates, located in Lenexa, Kan., has been providing local and national businesses with Background Screening services for over 15 years. The company's Web-based account management system, CMKAScreen, is available 24 hours a day, seven days a week and automates the process of requesting, retrieving and managing background information. CMKA has a nationwide network of more than 400 researchers, ensuring the efficient and secure transfer of comprehensive background data. For more information on the background services provided by CMKA, please call 913-322-5999 or visit the company online at http://www.cmkascreen.com.

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