AremisSoft Announces Rise In Ranking In Annual Top 100 Manufacturing Systems List; Magazine Recognizes Company's Revenue Growth.

Business and Technology Editors

NEW YORK--(BUSINESS WIRE)--July 25, 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 its ranking in the Top 100 Manufacturing Systems list published by Manufacturing Systems Magazine.

The ranking is featured in the publication's July 2000 issue and lists the top 100 software and services providers. AremisSoft has a ranking of 79 compared to last year's ranking of 89, with an ERP software revenue of $25 million in the 1999 calendar year. Ranking of the Top 100 is based on manufacturing software revenue in the calendar year ending 1999.

"Our Top 100 ranking is further affirmation of AremisSoft's success during one of the most challenging periods faced by the ERP industry mainly due to Y2K concerns," stated Barry Crowe, Managing Director of AremisSoft's Manufacturing Division. "Our ranking reflects the Company's steady growth and stability, which was not shared by many companies in the ERP community. Equally significant, we achieved a 53% increase in ERP sales from the previous year. We are very pleased to have earned this industry recognition, which should help industry participants recognize our achievements.

"As the nature of Manufacturing continues to evolve, our products are changing. Right now, we have the capability to incorporate select Business-to-Business e-commerce functionality into our product, including the Internet based purchasing of manufacturing parts directly from parts engineering drawings. Additionally, our direct customers currently enjoy the benefits of having access to our worldwide help desk capability. We are working on extending this access to our channel partners as a support mechanism for their customers. Backed by our significant India based development resources and Internet expertise, we will begin to deliver an expanded array of e-business functionality that is deeply integrated into our products. This will enable customers to benefit from the Internet with seamless connectivity to their core enterprise systems, reducing training and installation time and costs. We believe that our Top 100 ranking validates our ability to innovate and meet new market challenges and we look forward to furthering this success and expanding our market presence."

Brion Palmer, publisher of Manufacturing Systems, commented, "Our annual Top 100 issue is eagerly anticipated by manufacturing managers and executives as a barometer of enterprise application trends and as a tool for researching leading solution providers. In a year marked by rapid software industry change, it is a significant achievement that AremisSoft not only made the Top 100 once again, but improved its standing."

The Top 100 survey was conducted by Plant-Wide Research Corporation of North Billerica, Mass. A complete list of the Manufacturing Systems Top 100 for 2000 can be found at www.manufacturingsystems.com. A copy of the July issue of Manufacturing Systems Magazine can be obtained by e-mailing the editorial assistant at [e-mail].

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 over 500 employees, with sales in 10 countries and a customer base of approximately 5,000. The Company also operates a software development and support facility in India, with 212 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.