Caneum Signs New Customer Emphasizing Its Hybrid Best Practice Outsourcing Approach.

NEWPORT BEACH, Calif. -- Caneum Inc. (OTCBB:CANM) today announced that Benefits Group WorldWide (BGW) has retained Caneum for outsourced Web site development services.

Caneum Inc., based in Newport Beach, is providing these services from its U.S.-based operations and blended on-shore, near-shore, off-shore approach to business process and information technology outsourcing. Caneum is removing the management headaches of near-shore and off-shore work and realizing increased customer satisfaction, customer after customer. IDG News Service noted on Oct. 7, 2004, that the purely off-shore outsourcing model is out of favor, and Indian Business Process Outsourcing (BPO) companies are finding that they need U.S. facilities and staff to run operations for their U.S.-centric customers. Caneum's unique hybrid outsourcing model and approach delivers improved operational flexibility to customers desiring the benefits of outsourcing without sacrificing the local management and communication of an exclusively off-shore provider.

According to Richard Brown, SVP of Information Technology for Benefits Group WorldWide (BGW): "Our business need came out of the blue and required a customized one-time-use solution. I did not have the bandwidth internally, nor the time personally to manage an off-shore development team to get the work done within the short amount of time required. I turned to Caneum for my solution. From a detailed design specification, and with just a few iterations, Caneum produced a fully functional Web site which met all of our requirements. The site was developed on time and within the proposed budget."

Gary Allhusen, executive vice president of Caneum Inc. commented: "The development work at BGW is just one example of the spectrum of outsourcing products and services we at Caneum offer to our customers. BGW had already performed the up-front design work internally and was looking for the quickest and most cost-efficient turnkey solution externally that could be executed headache-free, on time and within budget." Chairman Alan Knitowski commented further: "Because of our keen focus on the customer and agnostic approach to outsourcing, we've grown greater than 100 percent quarter-over-quarter over the past six quarters. BGW is another Caneum customer benefiting from our hybrid best practice approach to outsourcing information technology application development."

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 on-shore, near-shore (NAFTA) 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 and 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, concentration of revenue from a small number of clients, the loss of which would have a material detrimental effect on the business and revenues generated by Caneum; Caneum's ability to gain market acceptance for its services and products; the company's ability to attract and retain skilled personnel; and the company's reliance on third-party suppliers.