SOURCE: Caneum, Inc.

April 10, 2006 07:30 ET

Caneum, Inc. Chairman to Participate as Panelist at TechBiz Connection and Artiman Ventures Events Slated for April 19th and April 27th

Chairman to Highlight at Driving Profitable Business and Entrepreneurship and Venture Capital Partnerships the Company's Recent Financing, Acquisition and Revised Financial Guidance

NEWPORT BEACH, CA -- (MARKET WIRE) -- April 10, 2006 -- Caneum, Inc. (OTC BB: CANM), 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, today announced that its Chairman, Alan Knitowski, will be speaking at two upcoming events with business and investment communities. The two speaking events help kick off Caneum's investor and shareholder awareness program detailing the recent financing with Barron Partners, LP, the acquisition of Tier One Consulting and the financial and business outlook for the combined entity.

On April 19th, Mr. Knitowski will be speaking as a participant on a panel discussing "Best Practices for Driving Profitable Business Growth." The TechBiz Connection event will feature a mix of top caliber CEOs and consultants who have successfully led a number of company growth initiatives and will express their views on the critical success factors that they employed and the challenges that they faced in doing so. Mr. Knitowski will also be speaking on April 27th as a participant on a panel discussing "Entrepreneurship and Venture Capital Partners." This panel event will be hosted and moderated by Palo Alto based Artiman Ventures and will be focused on entrepreneurship strategies for emerging growth companies.

Additional details on both events, including logistics for each, can be found via the web sites and organizations referenced below.

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 in-house, on-shore, near-shore 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.

About TechBiz Connection:

TechBiz Connection (TBC), one of the largest technology organizations in Southern California, combines the largest and oldest non-profit Internet organization in Orange County (Association of Internet Professionals) with a broader technology and business focus throughout Southern California. TBC is a non-profit professional trade association whose mission is to help Southern California executives, technology professionals and entrepreneurs effectively network with others who share common interests and learn about key technology-business issues, trends and solutions that impact business performance. Events are held each month, starting with Power Networking which structures participants into small networking groups where personal introductions are made, information can be quickly shared and rewarding high-quality connections often result. Members enjoy moderated, expert panel discussion of hard-hitting technology and business issues facing leaders today. For more information, please visit the Company's web site at www.techbizconnection.org.

About Artiman Ventures:

Artiman Ventures is a venture capital firm focused on helping talented entrepreneurs commercialize leading edge technologies to create world class companies. Artiman becomes actively involved with portfolio company entrepreneurs from the earliest stages of company creation in distilling ideas and opportunities, brainstorming, refining business plans, building high energy teams, developing channel partners and customers and syndicating venture financings. The cornerstone of Artiman's technology-diversified investment strategy is investing in "white spaces," which are defined as opportunities where a company has no identifiable competitors, and a market or technology lead of at least twelve months. Artiman Ventures has a history of acting as a lead investor and typically has provided portfolio companies their first institutional capital, most often at the "concept stage" when the founders are still refining their key ideas and concepts. The Artiman team is comfortable acting as collaborative partners to the founding team, helping with all aspects of strategy, market definition and company creation. Artiman Ventures initial investments range in size from $100K seed to a conventional Series A investment of $2M - $4M. We prefer to limit aggregate investment over the life of a company to approximately $10M in capital. For more information, please visit the Company's web site at www.artimanventures.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 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 operations; the Company's ability to attract and retain skilled personnel; the Company's reliance on third-party suppliers.

Contact Information

  • Contact:
    Caneum, Inc.
    Gary Allhusen
    949-273-4007
    Email Contact

    or

    The Liquid Group, Inc.
    Jason Daggett
    (Investors/Media)
    714-264-7975
    Email Contact