SOURCE: Caneum, Inc.

August 19, 2008 09:45 ET

Caneum, Inc. Receives #3 Ranking on 2008 CRN Fast Growth 100 List for the United States

Business Process and Information Technology Outsourcing Provider Posts 447.3% Growth Rate From 2005-2007 to Achieve 3rd Place Ranking

NEWPORT BEACH, CA--(Marketwire - August 19, 2008) - Caneum, Inc. (PINKSHEETS: CANM), a global provider of business process and information technology outsourcing services, announced today that it has received the #3 ranking on the 2008 CRN Fast Growth 100 list for the United States.

The complete rankings and list were published in the July 28, 2008, issue of CRN magazine and were also posted online at http://www.crn.com/crn/fastgrowth/fg_2008.jhtml;jsessionid=3SUUUQC3QIG0IQSNDLPSKH0CJUNN2JVN and http://www.crn.com/it-channel/209600540;jsessionid=MHQ2H1IN35BDMQSNDLPSKH0CJUNN2JVN.

"The CRN Fast Growth 100 Award represents the first formal external recognition that we have achieved and serves as great validation of the building and investment that has occurred since founding our Company more than 5 years ago," said Alan Knitowski, Chairman of Caneum, Inc. "Having been the only business in California ranked in the Top 10 and one of only 2 businesses on the West Coast ranked in the Top 10 speaks volumes to the dedicated professionalism and team effort achieved by the employees and stakeholders of our Company in driving consistent operational growth."

Suki Mudan, President of Caneum, Inc., further commented, "We look forward to continued market recognition and growth rolling forward and appreciate the trust and wide scale acceptance of our service offerings by our customers worldwide. This ranking is a very nice affirmation of our tireless efforts to deliver shareholder value and is a nice feather in our cap this early in our corporate history."

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 Information

  • Contacts:

    Caneum, Inc.
    Suki Mudan
    President
    (949) 273-4000
    Email Contact