Caneum, Inc. Adds Vinculum Communications, Inc. to Its Rapidly Growing Customer List to Expand Vinculum's Markets Into Enterprise Retail VoIP30 December 2005
Caneum, Inc. (OTC BB: CANM) announcedthat it has received an initial 1 year agreement with San Diego, CA-basedVinculum Communications, Inc. The initial contract is to developVinculum's web engine / e-commerce portal and is expected to broaden toencompass other areas, including developing a proprietary billing system aswell as real-time, least cost routing algorithms. Further cooperation isalso expected in call center-related 24x7 customer support.
"This is another fantastic customer win for Caneum in the technologyvertical, where we are especially strong and in a sector of the market thatis forecast to continue showing tremendous growth. Industry expertspredict that Voice over Internet Protocol (VoIP) will account forapproximately 75 percent of all international voice traffic by 2007, and weare happy to be working with an industry leader like Vinculum," commentedSuki Mudan, President of Caneum.
"We are delighted to be partnered with a firm such as Caneum. Theflexibility and agility of their resources is an advantage for Vinculum aswe develop our retail VoIP business. Our experience with working withCaneum has been very satisfying to date, and we envision furtherdevelopment work as well as customer support outsourcing as possible areasto further leverage Caneum's hybrid resources and deep experience in theVoIP space," commented Scott Goodwin, CEO of Vinculum Communications.
A new report from industry analysts, Juniper Research, finds that the VoIPmarket will become the key revenue generator for broadband serviceproviders by 2009, contributing to an overall value-added services marketof $47B. This will be in addition to the $43B spent on broadband access inthe same period.
About Caneum, Inc.:
Caneum, Inc. is a global provider of business process and informationtechnology outsourcing products and services across vertical industriesincluding technology, energy, government, transportation, financialservices, education and healthcare. The company provides a suite ofbusiness strategy and planning capabilities to assist companies with their"make versus buy" decisions in the areas of data, network, productdevelopment, product maintenance and customer support, and fulfills itsservices in-house, on-shore, near-shore and off-shore depending on thebusiness goals and objectives of its global customers. In parallel, Caneumis opportunistically pursuing accretive acquisitions within its coreoutsourcing product and service suite in order to broaden its corecapabilities, expand its customer base and supplement its organic growth.For more information, please visit the company's Web site athttp://www.caneum.com.
About Vinculum Communications, Inc.
Vinculum Communications, Inc. (Vincomm) is a San Diego, California-based,214-licensed international long distance carrier, offering terminationservices to over 150 long distance carriers worldwide. The company'sservices allow customers to enjoy the highest quality, along with lowercosts, increased margins and global coverage. Industry experts predictthat Voice over Internet Protocol (VoIP) will account for approximately 75percent of all international voice traffic by 2007. Vinculum was founded in2001 to take full advantage of this fundamental and cost-effective shift intechnology. A timely entry into the market means Vinculum is not burdenedwith antiquated equipment or restricted by costly international privateline contracts. Additionally, senior management has been involved in theinternational wholesale market since the early 90's and brings to thecompany a vast knowledge of the market and an extensive contact list ofglobal customers and suppliers/partners. Together, these considerationsposition Vinculum as one of the fastest-growing wholesale internationaltermination providers in the world.
"Safe Harbor" Statement under the Private Securities Litigation Reform Actof 1995: With the exception of historical information, the statements setforth above include forward-looking statements that involve risk anduncertainties. The company wishes to caution readers that a number ofimportant factors could cause actual results to differ materially fromthose in the forward-looking statements. Those factors include but are notlimited to the risk factors noted in the company's filings with theSecurities & Exchange Commission, such as the rapidly changing nature oftechnology, evolving industry standards and frequent introductions of newproducts and enhancements by competitors; the competitive nature of themarkets for Caneum's services; Caneum's ability to gain market acceptancefor its services and products; the company's ability to fund itsoperations; the company's ability to attract and retain skilled personnel;the company's reliance on third-party suppliers.
Contact:Caneum, Inc.Gary Allhusen949-273-4007Email ContactorThe Liquid Group, Inc.Jason Daggett (Investors/Media)714-264-7975Email ContactSOURCE: Caneum
Source: marketwire
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