AremisSoft Reiterates Confidence in First Quarter of Fiscal 2001; Company Expresses Optimism for Full Year 2001.

Business Editors

NEW YORK--(BUSINESS WIRE)--March 29, 2001

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 recent weakness in the Company's stock price.

There are no business developments that management believes warrants the recent weakness in AremisSoft's stock price. Management reconfirms its confidence for first quarter 2001 results and remains optimistic regarding the outlook for the balance of the year.

"There is certainly nothing in the current business environment in which we operate that would cause us to change either our near term comments or our continued anticipation for a solid 2001," commented Roys Poyiadjis, Co-CEO and President of the US Group. "The majority of the markets that we do business in, including Europe, have not shown a strong correlation to the US economy nor to changes in the business conditions that other technology companies are experiencing. As we have pointed out, our US business has been above expectations due to the growing acceptance of our advanced technology products."

AremisSoft will be hosting an investor conference in Bulgaria on Friday March 30, 2001 where M. C. Mathews, President of the Emerging Markets Group, will present an overview of the dynamic business opportunities and momentum in our emerging market business. Investors are encouraged to listen to the live Webcast of this presentation by visiting the AremisSoft web site. AremisSoft will announce results for the first quarter ended March 31, 2001 during the latter part of April 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 $123.6 million for the twelve months ended December 31, 2000 and pro forma net income of $29.2 million for the same period. AremisSoft has approximately 860 employees, with sales in over 20 countries and a customer base in excess of 6,500. The Company also operates a software development and support facility in India, with over 325 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.