SOURCE: Caneum, Inc.

August 13, 2007 09:35 ET

Caneum, Inc. Announces Enhanced and Expanded Contract With Vootage

Vootage, Leading Provider of High School Sports Coverage and Play-by-Play Game Highlights, Expands Relationship With Caneum to Provide More Infrastructure Services

NEWPORT BEACH, CA--(Marketwire - August 13, 2007) - Caneum, Inc. (PINKSHEETS: CANM), a global provider of business process and information technology outsourcing services, announced today that it has expanded and enhanced its servicing contract with Vootage to provide additional technology and infrastructure solutions.

As part of the company's partnership with Vootage, Caneum has most recently completed the integration of Vootage's technology platform to Ruby on Rails, a leading-edge, innovative open source web application development framework that Caneum has adopted as a particular expertise and focus. Furthermore, Caneum has expanded its partnership with Vootage from a contract-base, fixed pricing model to the implementation of a dedicated Caneum team with a consistent monthly and recurring billing model, providing support, technology enhancements, and maintenance to Vootage.

Suki Mudan, President of Caneum, stated, "We are pleased to have such a productive partnership with Vootage, and to have expanded our relationship to include a dedicated Caneum team to support their rapid growth. Caneum is providing Vootage with complete technology support: from developing their first technology infrastructure platform in early 2007 and then expanding and migrating that platform to Ruby on Rails, a more versatile technology, while consistently adding scale and capabilities. We look forward to continued development of our relationship with Vootage."

Jeff Proctor, President of Vootage, further commented, "We have been very pleased with the infrastructure support that Caneum has provided our company. As the only high school webcasting service in North America to provide both full-game sports coverage and fully indexed play-by-play highlights, Vootage has been able to position itself for rapid growth with the help of Caneum's team. We couldn't be happier with the way this partnership has evolved and how Caneum has provided an innovative solution for our rapidly-evolving technology."

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 information technology and business process outsourcing services with in-house, on-shore, near-shore and off-shore capabilities 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.

About Vootage, Inc.

Vootage, Inc. is an integrated media company focused on high school sports in North America. The Company intends to maintain its leadership position in high school sports webcasting by continuing its innovative technology development and growth. For more information, please visit the Company's web site at www.vootage.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.
    Gary Allhusen
    EVP, COO & Principal Financial Officer
    (949) 273-4000
    Email Contact

    or

    TMS Capital, LLC
    Thomas Sauve
    (Investors / Media)
    (646) 245-2465
    Email Contact