Caneum Inc. Expands Public Company Customer Roster to Include Countrywide Financial, Panasonic, OnAssignment, Trycera Financial and Other Private Company Customers.

NEWPORT BEACH, Calif. -- Information Technology and Business Process Outsourcing Company Sees Immediate Results from Newly Launched Infrastructure Services Group

Caneum Inc. (OTCBB:CANM) today announced that it has added public company customers Countrywide Financial Corp. (NYSE:CFC), Panasonic (NYSE:MC), OnAssignment (NASDAQ:ASGN), Trycera Financial and several other new private company customers to its growing customer roster for outsourced IT infrastructure support services. Agreement details and summary terms are not immediately available. However, material highlights will be included in the forthcoming 10-Q for 2 QTR 05 as appropriate.

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 industries and is rapidly becoming the outsourcing conduit of choice for both public and private companies of all sizes, including several in the Fortune 1000. This expanding roster of success is due in large part to its unique, hybrid outsourcing model that the company deploys agnostically for its customers. Currently, Caneum 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.

"We feel that our public company customers selected Caneum to help further enhance their IT infrastructure support services," stated Andy Miller, director of Infrastructure Services Group at Caneum Inc. "These initiatives are critical to these companies as they drive to be leaders in their fields, with a focus on best practices, internally, to fuel growth and returns to shareholders."

Alan Knitowski, chairman of Caneum Inc. stated: "These major customer wins are significant for a growing company of our size and household names such as Countrywide Financial and Panasonic provide a core customer base to anchor our future expansion and growth initiatives. In less than 30 days, the Infrastructure Services Group has demonstrated tangible results with several key contract wins. This success, combined with the sales pipelines of our IT Services Group and Core Strategies Unit, have helped provide our executive team with the revenue visibility and comfort to have raised guidance two times already during 2005. It is an exciting time at Caneum as the company continues to add meaningful customers and contracts of fundamental size that soon should reward our shareholders with dramatically improved valuations."

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.