Caneum, Inc. announces the appointment of Douglas Wadkins to the Board of
Directors

Information technology and business process outsourcing concern also
accepts the resignation of Board Member Jason Daggett.


Wednesday, August 4, 2004

Newport Beach, CA. (AP) - Caneum, Inc. (OTCBB: "CANM" - News) announced that
on July 28, 2004, Jason Daggett tendered his resigned from its board
following the recent signing of the Pipeline Software acquisition
documents.  The resignation will be effective August 15, 2004, and
Mr. Daggett will maintain a continuing relationship with Caneum as a financial
consultant.  The company contemporaneously announced that effective July 28,
2004, it has added Douglas Wadkins as a member of its Board of Directors.

Mr. Wadkins is currently the Chief Technology Officer of Edgewater
Networks, a provider of converged voice, video and data security and
application appliances.  Prior to joining Edgewater Networks, he was with
Cisco Systems where he was responsible for leading teams developing voice
signaling infrastructure, hosted IP communications, and mergers and
acquisitions.  He also represented Cisco on the board of directors for the
International Packet Communications Consortium.  Prior to joining Cisco,
via acquisition, Mr. Wadkins was the COO of Vovida Networks, a provider of
call control software for IP networks utilizing an open source business
model.  Prior to Vovida Networks Mr. Wadkins was with Aspect Communications
and Nortel Networks, where he focused on leading technical teams
responsible for the company's information technology infrastructure and
leading the Enterprise Networks Software Business Unit, respectively.
Prior to Nortel Networks Mr. Wadkins served with the United States Navy
Submarine Command as an Operations Officer.  He holds an MS and BS in
Mechanical Engineering.

"We are pleased to add Mr. Wadkins to our board as we begin to integrate
the first of our targeted acquisitions and will benefit from Doug's
background and his expertise to optimize the company's rapid growth,"
stated Alan Knitowski, Chairman of Caneum, Inc.

"I'm extremely pleased to have the opportunity to serve on Caneum's board
of directors as the company enters an new growth phase of its operational
development.  With the announced signing of the definitive agreement to
acquire Pipeline Software I am excited to be able to bring practical M&A
integration experience to assist Caneum with the micro-cap roll-up aspect
of its business model," commented Doug Wadkins.


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, education and healthcare.  It
provides a suite of business planning and strategy capabilities to assist
companies with their "make versus buy" decisions in the areas of data,
network, product development, product maintenance and support, and fulfills
its services onshore, in-region (NAFTA) and offshore depending on the
business goals and objectives of its global clients.  In parallel, Caneum
is aggressively pursuing a micro-cap roll-up strategy within its core
outsourcing products and service suite in order to broaden its capability
set and simultaneously take advantage of the large number of companies
worldwide that currently lack an exit strategy for their businesses and
shareholders.  For more information, 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
Securities & 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 Caneum's services, concentration of revenue from a small number
of clients, the loss of which would have a material detrimental effect on
the business and revenues generated by Pipeline; Caneum's ability to gain
market acceptance for its services and products; the company's ability to
attract and retain skilled personnel; and the company's reliance on
third-party suppliers.


Contacts:

Company:
Brittany Mason
Caneum, Inc.
(949) 273-4006
info@caneum.com


Investors:
RedChip Resources, LLC


Jason Daggett
(714) 264-7975
stockinfo@caneum.com


Media:
Jason Daggett
(714) 264-7975
stockinfo@caneum.com