NEWPORT BEACH, CA -- (MARKET WIRE) -- 03/31/08 -- Caneum, Inc. (PINKSHEETS: CANM), a global provider of business process and information technology outsourcing services, announced today that it has been awarded a Service Excellence Award for 2007 from Xoom Corporation. This award recognized the outstanding customer support services provided by the Company to Xoom's valuable customers worldwide.

Since 2004, the Company has provided both email and voice-based customer support for Xoom and expects to continue to do so rolling forward. "This award is in recognition for meeting and exceeding operational performance goals and objectives," stated George Zarcilla, Director of Worldwide Customer Operations for Xoom Corporation. "Caneum has been a strategic business partner of ours for over four years, providing Customer Service and numerous operational support tasks in support of our business. Caneum's highly skilled professional staff is instrumental in supporting and scaling the growth of our global money transfer service and we look forward to continuing our relationship in the future."

Jesper Lindorff, CEO of Caneum India Pvt. Ltd., commented, "We are very excited to have received Xoom's Service Excellence Award for 2007. Xoom is an explosive growth, top tier venture backed company and we are proud to have been able to support its worldwide growth, scale and support initiatives since 2004. This award is a great tribute to our employees and also a great tribute to the business success and collaborative strategic relationship that we have established with Xoom."

About Xoom Corp.:

Xoom is a leading online-to-offline international money transfer service and backed by major investors such as Sequoia Capital, Fidelity Ventures, New Enterprise Associates (NEA) and SVB Capital. Xoom has a global presence and provides services to the Americas, Far East Asia and South Asia.

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 http://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 use of third-party suppliers.

Contacts:

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