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Caneum, Inc. Announces New Web Application Development Contract With European Based Hero España, S.A. Company Adds European Based Nutritional Foods Manufacturer to Customer Roster, Includin

SOURCE:

Caneum, Inc.

2008-04-07 06:35:00

Caneum, Inc. Announces New Web Application Development Contract With European Based Hero España, S.A.

Company Adds European Based Nutritional Foods Manufacturer to Customer Roster, Includin

NEWPORT BEACH, CA–( EMWNews – April 7, 2008) – Caneum, Inc. (PINKSHEETS: CANM), a global

provider of business process and information technology outsourcing

services, today announced that it has been awarded a new contract for

coding, theming and templating multiple integrated web sites for European

based Hero España S.A., a nutritional foods manufacturer. The application

development contract includes a single integrated code base featuring

Content Management Systems (CMS), Customer Relationship Management (CRM)

and Social Networking, in addition to numerous open source technologies.

By partnering with Caneum and its advanced development resources in India,

Hero plans to increase awareness and respect for the quality, value and

potential of their brands to prospective and existing customers,

collaborators, partners and other constituencies alike. As a result, they

are interested in developing an online web presence that is visually

appealing, intuitive, navigable and up-to-date, with all of the

infrastructure and underlying programming embedded to support their

underlying business goals and initiatives.

The application developed by the Company will support more than 10 European

languages and will incorporate numerous open source technologies. The

Company is developing the application in consultation with Kirill Proximity

of Sweden, a strategic design agency and Comunicamos.Eu, a pan-European

communications consultancy, based in Spain.

“This is an excellent example of the world class outsourcing capabilities

offered by Caneum and the collaborative global reach afforded our customers

through our Indian subsidiary,” commented Jesper Lindorff, CEO of Caneum

India Pvt. Ltd. “We are excited to include Hero España S.A. amongst our

list of global customers and look forward to working with our Swedish and

Spanish partners to deliver a fully integrated, multi-lingual and robust

online solution.”

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 Hero España S.A.

Hero España S.A. is a manufacturer and distributor of nutritional foods

under several brand names, distributed mostly in Europe. The food items it

makes / distributed comes under strict legislation which makes it necessary

for Hero to adhere to a set of regulations, covering both the privacy of

Hero’s customers, access to information by Hero’s customers and other

marketing related regulations. These regulations vary by country, but have

certain common denominators, which Hero intends to follow for all the

countries where its products will be made available. While Hero has one

major brand, in each country where Hero intends or is currently operating,

Hero will also trade under other brands, which are more recognizable in

that particular country. Therefore, Hero needs a system that caters for

different branding of what is essentially the same product or the product

line. This individual, unique branding will involve change of content,

language and branding accessories like logos, colors, fonts and product

illustrations for each of the sites that Hero intends to publish. For more

information, please visit the Company’s web site at www.hero.es

“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 use of third-party suppliers.

Contact:
Caneum, Inc.
Gary Allhusen
EVP, COO & Principal Financial Officer
(949) 273-4000

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