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Caneum Inc. Announces the Appointment of Luan Dang, Former Linksys and Cisco Executive, to the Board of Directors; Information Technology and Business Process Outsourcing Company Also Accepts the Resignation of Board Member Douglas Wadkins.


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. -- 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
) announced that effective May 2, 2005, it has added Luan Dang dang  
interj.
Used to express dissatisfaction or annoyance.

adv. & adj.
Damn.

tr.v. danged, dang·ing, dangs
To damn.

n.
 as a member of its board of directors.

Dang is a private investor, advisor to Trymetris Capital Mgt and Edgewater Networks, and director of Trycera Financial. Formerly, he was a director of engineering at Linksys, a subdivision of Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation).
Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006.
, overseeing the development of VoIP products and strategies. Dang came to Cisco through the acquisition of Vovida Networks, where he was chief technology officer & co-founder. Dang has management and software development experience for technology-based companies. His industry experience includes circuit and microprocessor development as well as telephony-related development projects. Dang worked as a technical software manager for Nortel Networks (Nortel Networks Limited, Brampton, Ontario, www.nortelnetworks.com) A world leader in telecommunications products, which includes switching, wireless and broadband systems for service providers and carriers, telephones and systems for residential and business users, computer telephony , focused on voice-over-IP, speech recognition, voice-activated attendants and personal directory and auto-configuration feature development for digital terminals. Dang has successfully managed software development projects in many areas and has also completed software programming as a senior software engineer, software engineer and software architect. Dang served as a member of the Technical Advisory Council for the International Softswitch Consortium (www.softswitch.org) from 1999-2002. Dang holds a patent on display screen management apparatus (1997) and caller IP (1998). Dang earned an M.S. in computer science from Stanford and a B.S. in computer engineering from the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States).  at San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay.  

Douglas Wadkins tendered his resignation so that he could have the bandwidth needed for his role as CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey.  at Edgewater Networks and work through their operational start-up ramp. Wadkins will continue to work with Caneum Inc. as an advisory board member. The resignation will be effective April 29, 2005.

"We are pleased to transition Luan Dang to our board as we begin to integrate the first of our targeted acquisitions and will benefit from Luan's background and expertise to optimize the company's rapid growth," stated Alan Knitowski, chairman of Caneum Inc.

"I'm extremely pleased to have the opportunity to serve on Caneum's board of directors as the company enters a new growth phase of its operational development. With the announced signing of the company's intent to acquire the Backgrounds Division of Clarence Kelley and Associates, I am excited to be able to bring practical M&A integration experience to assist Caneum with the micro-cap roll-up aspect of its business model," commented Dang.

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. For more information, please visit the company's Web site at http://www.caneum.com.

"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 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.
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:May 6, 2005
Words:670
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