AremisSoft Comments on Fourth Quarter of Fiscal 2000.

Business Editors

NEW YORK--(BUSINESS WIRE)--Dec. 22, 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, today commented on its fourth quarter outlook.

"Based upon preliminary figures, it is clear that we are concluding an excellent year," stated Dr. Lycourgos Kyprianou, Chairman and Founder of AremisSoft. "With our backlog, visibility remains good. As a result of these factors, we are comfortable with the consensus estimates for the quarter and optimistic about our business prospects for 2001."

"Although it is not our practice to make pre-announcements on quarterly results, given the recent concerns about demand for technology products and services, we felt it important to reconfirm our continued confidence in our current operating results to our shareholders," commented Roys Poyiadjis President and Chief Executive Officer.

AremisSoft will announce results for the fourth quarter ended December 31, 2000 during the latter part of February 2001. Roys Poyiadjis and Paul Bloom, Executive Vice President of Corporate Development, at that time will host a conference call with analysts and investors to discuss the Company's operating performance.

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.

Safe Harbor 

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.