AremisSoft Expands Hospitality Division's Global Presence.

Business Editors

NEW YORK--(BUSINESS WIRE)--Feb. 1, 2000

-- New Hospitality Office in Munich -- Appointment of Strategic New Hire

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 announced the opening of the latest office of its hospitality division in Munich, Germany.

The Company also announced the appointment of Mr. Tillman Starkloff, who will oversee the Munich office as the Manager of European Sales and Business Development. Mr. Starkloff, a highly experienced and well-respected professional in Europe's hospitality marketplace, will be responsible for expanding AremisSoft's current presence in the United Kingdom and Ireland to throughout all of Europe.

Mr. Starkloff brings to AremisSoft over six years of experience in building strong relationships in the European hospitality industry. Prior to joining AremisSoft, he served as Export Manager and Vice President of International Sales at Hogatex, GMBH in Germany, where he was responsible for developing business partners in Europe, the Middle East, Africa and Asia, as well as achieving major hotel chain sales worth in excess of DM10 million (approximately $5 million). Prior to this, Mr. Starkloff was the Managing Director of a 120 room hotel in Munich.

&uot;The hospitality division will benefit greatly from Mr. Starkloff's strong industry relationships by leveraging them to AremisSoft's European targets, underscoring the Company's international sales growth strategy,&uot; stated Mike Gadbury, director of AremisSoft's hospitality division. &uot;His expertise in and thorough understanding of the nuances specific to the hospitality industry make him an ideal addition to the Hospitality division.&uot;

Mr. Starkloff commented, &uot;I am excited about our opportunity to bring AremisSoft's quality hospitality solutions to new European regions, areas that represent huge potential markets for AremisSoft. The Munich location gives us greater proximity to our German relationships, and also serves as a central base to cultivate relationships in nearby European countries such as France, Italy and Spain.&uot;

The opening of the new Munich office follows the 1999 opening of the New Jersey office in the United States, demonstrating AremisSoft`s commitment to expanding its international presence.

AremisSoft will be exhibiting at the EURHOTEC exhibition in Lausanne on February 16-18, 2000 at stands 104/105.

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 $50.1 million for the nine months ended September 30, 1999 and net income of $6.6 million for the same period. AremisSoft has a total of 570 employees, with sales in 10 countries and a customer base in excess of 5,000. The Company also operates a software development and support facility in India, with 220 employees, which provides significant organizational efficiencies and cost advantages in software development and support.

Cautionary Statement for Purposes of the &uot;Safe Harbor&uot; 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 &uot;forward- looking statements.&uot; 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 &uot;expect,&uot; &uot;anticipate,&uot; &uot;intend,&uot; &uot;plan,&uot; &uot;believe,&uot; &uot;estimate,&uot; &uot;consider,&uot; or similar expressions are used. Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties, and assumptions, including the risks discussed under &uot;Risk Factors&uot; in the Company's prospectus included in its registration statement on Form S-1, SEC File No. 333-58351, all of which are incorporated herein by reference. The Company's actual results 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.

For further information on the hospitality division, please contact:

Tillman Starkloff Tel: [phone]

AremisSoft GmbH Fax: [phone]

Freisinger Str. 13

D-85737 Ismaning

Germany

Sue Alexander Tel: [phone]

AremisSoft Corporation Fax: [phone]

Goldsworth House

Goldsworth Park

Woking, Surrey 

GU21 3LG