SOURCE: Caneum, Inc.

February 22, 2007 09:35 ET

Caneum, Inc. Announces New Web Infrastructure Contract With Vootage, Inc.

New Contract Facilitates Vootage Mission to Maintain Its Leadership Position in High School Sports Webcasting and the Online Community Network of Choice for High School Athletics

NEWPORT BEACH, CA -- (MARKET WIRE) -- February 22, 2007 -- Caneum, Inc. (OTCBB: CANM), a global provider of business process and information technology outsourcing services, today announced that it has been awarded a multi-stage Information Technology Outsourcing contract from Vootage, Inc. Caneum will work closely with Vootage to develop a comprehensive website that includes entertainment and community content, as well as a full featured e-commerce and webcasting platform for its online retail operations and sales of Vootage sports highlights and merchandise.

By partnering with Caneum and its advanced video infrastructure development resources, Vootage will fast track its content ramp online and will also facilitate the tool sets available for its user base spanning 11 states and scores of high schools nationwide. Vootage, Inc. will be able to capitalize on Caneum's position as a leader in outsourcing services and Caneum will be able to provide its expanding catalog of global information technology services to a growing internet technology company such as Vootage.

Gary Allhusen, COO of Caneum, commented, "We are excited to be working with Vootage on developing and implementing their online community and video web infrastructure. Vootage represents a compelling new online vertical platform for high school sports webcasting and we expect that our efforts will help them deliver online and offline production capabilities consistent with user experiences previously available only at the professional and collegiate athletic level."

Jeff Proctor, President of Vootage, further commented, "We are extremely pleased to be working with Caneum for the build-out of our core online infrastructure. 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 is positioning itself for rapid growth. Our mission is to become the leader in high school sports webcasting and our relationship with Caneum will allow us to more quickly attain our goal while knowing that our infrastructure is in very capable hands. We couldn't be happier with this partnership."

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.

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

    and

    Vootage, Inc.
    Steve Rangel
    COO
    (310) 665-9090
    Email Contact