AremisSoft Manufacturing Division Announces $1 Million in New Sales, Expanding Australian Presence.

Business Editors

BLACKBURN, Australia--(BUSINESS WIRE)--February 17, 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 announced that two manufacturing companies in Australia have selected AremisSoft's Enterprise Resource Planning (ERP) solution. The agreements have an aggregate value in excess of US $1 million.

Austrim Nylex Limited, a diversified industrial manufacturer with 1999 revenues in excess of US $750 million, came into contact with the AremisSoft ERP solutions when it acquired Melba Industries in 1997. Its latest decision has led to AremisSoft being chosen as the standard solution across the Textiles group, which is a major supplier to the Australian automotive industry, among others. The new implementations will eventually support around 200 concurrent users from a UNIX platform. Austrim selected AremisSoft as their long term partner on the strength of the proven ability of the product within the textiles industry, and the significant cost benefits when compared to other high profile / high cost solutions.

The Tenix Group is Australia's largest defence and high technology contractor, employing over 4000 people and with revenues in excess of of US $800 million. Tenix also chose the aremis enterprise solution to support the operations within their Defense Systems group. The solution will be implemented on the Windows NT platform to initially support 32 concurrent users.

&uot;We are extremely pleased with Austrim's satisfaction with our solutions, as demonstrated by its decision to extend our relationship,&uot; stated Mike Aston, Head of Sales and Marketing for the AremisSoft Manufacturing Division. &uot;These new deals advance our penetration into the Australian / New Zealand market, which includes such customers as British Aerospace, and the Fernz Corporation, a NZ based multinational supplier of agricultural chemicals. We plan to continue our focus in this region and are actively seeking sales and implementation partners in the region who can deliver our 'proven-value' solutions. With our new two tier strategy, 'to implement with ease and grow through evolution' we expect to see our market continue to grow in this area, as more customers benefit from the tremendous opportunities our solutions offer.&uot;

About AremisSoft Corporation

About AremisSoft

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 590 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 240 employees, which provides significant organizational efficiencies and cost advantages in software development and support.

AremisSoft Manufacturing is a wholly owned business unit focussed exclusively on the ERP (Enterprise Resource Planning) marketplace, through the aremis enterprise application, a highly scaleable, two tier, open system, that is targeted at growing and emerging operations with the &uot;ease&uot; product, and mid range operations in Electronics, Fabricated Products, Primary Metals, Electrical Assembly, Mechanical Engineering and Textiles through the &uot;evolution&uot; solution. Sold through a global channel of direct and indirect sales operations, the product supports mixed mode or hybrid manufacturing operations in these target sectors, where the ability to run on either NT / UNIX and a choice of database platforms are essential.