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Caneum, Inc. Provides Year-End Update to New Customer Contract Wins Worldwide
(Market Wire Via Thomson Dialog NewsEdge) NEWPORT BEACH, CA, December 28 / MARKET WIRE/ --
Caneum, Inc. (PINKSHEETS: CANM), a
global provider of business process and information technology outsourcing
services, today announced that it has closed over $4 million of new
contract wins and existing customer expansions during December 2007.
This new business includes a major new Fortune 100 company in the Insurance
sector, a new Fortune 100 company in the Media and Entertainment sector and
further contract expansions with existing customers.
Suki Mudan, President of Caneum, stated, "These record new customer
acquisitions and expansions in December establish a very strong backlog of
business for us as we enter into 2008."
About Caneum, Inc.
Caneum, Inc. is a global provider of business process and information
technology outsourcing 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, the Company 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
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
United States Securities and Exchange Commission, such as the rapidly
changing nature of technology, evolving industry standards and frequent
introductions of new products, services and enhancements by competitors;
the competitive nature of the markets for the Company's products and
services; the Company's ability to gain market acceptance for its products
and services; the Company's ability to fund its operational growth; the
Company's ability to attract and retain skilled personnel; the Company's
ability to diversify its revenue streams and customer concentrations; and
the Company's reliance on third-party suppliers.
Contact:
Caneum, Inc.
Gary Allhusen
EVP, COO & Principal Financial Officer
(949) 273-4000Email Contact
Copyright 2007 Market Wire, Incorporated
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