[0] AremisSoft Announces 2-For-1 Stock Split.

Business Editors

NEW YORK--(BUSINES WIRE)--Dec. 19, 2000

AremisSoft Corporation (Nasdaq:AREM) a leading international supplier of enterprise-wide software and Internet-enabled solutions for the manufacturing, hospitality, healthcare and construction industries, announced today that its Board of Directors has declared a two-for-one stock split to be effected as a stock dividend of one share of common stock for each share of the Company's common stock outstanding. Stockholders of record on December 28, 2000 will receive one additional share of common stock for each share of the Company's common stock held on that date.

The payment date will be January 8, 2000. On or about that date, the new shares will be mailed from the Company's transfer agent, Olde Monmouth Stock Transfer Co., Inc. The stock split will increase the number of shares outstanding from approximately 17 million to approximately 34 million. The Company expects that its outstanding common stock will begin to trade on a post-split basis on January 8, 2000.

Roys Poyiadjis, AremisSoft's President and Chief Executive Officer, commented, "This dividend should broaden the distribution and increase the marketability and liquidity of AremisSoft common stock."

About AremisSoft Corporation

AremisSoft develops, markets, implements and supports enterprise-wide applications software targeted at mid-sized organizations in the manufacturing, healthcare, hospitality and construction industries. The Company's software products help streamline and enhance an organization's ability to manage and execute mission-critical functions such as accounting, purchasing, manufacturing, customer service and sales and marketing. AremisSoft reported total revenue of $73.4 million for the twelve months ended December 31, 1999 and net income of $12.1 million before extraordinary gains for the same period. AremisSoft has approximately 800 employees, with sales in over 20 countries and a customer base in excess of 7,200. The Company also operates a software development and support facility in India, with over 300 employees, which provides significant organizational efficiencies and cost advantages in software development and support.

Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995: All statements, other than historical facts, included in the foregoing press release regarding the Company's financial position, business strategy, and plans of management for future operations are "forward looking statements." These statements are based on management's beliefs and assumptions, and on information currently available to management. Forward looking statements include, but are not limited to, statements in which words such as "expect," "see," "anticipate," "intend," "plan," "believe," "estimate," "consider," or similar expressions are used. Forward looking statements are not guarantees of future performance. They involve risks, uncertainties, and assumptions, including risks discussed under "Risk Factors" in the Company's annual report on Form 10-K, SEC File No. 0-25713, all of which are incorporated herein by reference. The Company's actual results and stockholder values may differ materially from those anticipated or expressed in these forward looking statements. Many of the factors that will determine these results and values are beyond the Company's ability to control or predict. Readers of this press release are cautioned not to put undue reliance on any forward looking statement. The Company undertakes no obligation to publicly update these forward looking statements, whether as a result of new information, future events or otherwise.