Artemis Addresses Need for Agility in Aligning Corporate Strategy, Targets and Budgets.

NEWPORT BEACH, Calif. -- Artemis Software Delivers True Integrated Performance-Based Budgeting Capabilities to Link Results and Resources

Artemis International Solutions Corp. (OTCBB:AMSI), global provider of Investment Planning and Control(TM) solutions, today introduced a major new release of Artemis 7, its software that incorporates portfolio, budgeting and project management techniques to effectively link business strategy with execution throughout the enterprise.

Artemis 7, version 6 adds performance-based budgeting capabilities allowing organizations to build budgets that accurately reflect strategic and operational goals, capture the full cost of resources required to support initiatives and projects, reallocate funds according to changes in priorities, and improve collaboration between operational and financial staff.

The need for performance-based budgeting capabilities is becoming a critical issue for organizations. Budgets are prepared on an annual basis and new investment objectives determined during the year are difficult to take into account. Without adequate visibility or accountability, the risk is that unplanned initiatives will consume allocated budgets.

"Businesses seeking more agility critically need performance-based budgeting," said Matt Light, research director, Gartner Inc. "Without it, they have difficulty taking into account shifts in strategy during the year, and may be rigidly bound to budgets drawn up nine months or a year ago, or worse."

The new version of Artemis 7 allows budgets to be based on results. Performance-based budgeting provides visibility into investments to understand where resources are committed and the impact of initiatives on budgets. It enables the ongoing alignment of functional budget and the investments that support the organization's strategy, providing a direct linkage between resources required to achieve specific goals. Artemis 7 enables organizations to dynamically manage the budget allocation process and analyze trends between investment estimates, allocated budgets, forecasts and actual expenditure.

"One of the problems with the budgeting process today is its inability to dynamically link strategy planning with available resources, actual execution and results," said Patrick Ternier, president and CEO of Artemis. "In an ever-changing business environment, our customers are looking at seizing market opportunities more rapidly. Artemis' Performance-Based Budgeting allows organizations to rely on a more agile resource allocation process to redirect funds where the expected return is greatest."

Performance-based budgeting is one of three key business processes that comprise Artemis 7 Investment Planning and Control solutions. Investment portfolio management and execution management are the other key elements that can be integrated with performance-based budgeting to provide a comprehensive solution for Investment Planning and Control.

About Artemis International Solutions Corp.

Artemis International Solutions Corp. (OTCBB:AMSI) is the world's leading provider of investment planning and control solutions that help organizations execute strategy through effective portfolio and project management. Artemis has refined 30 years experience into a suite of industry-optimized solutions and packaged consulting services that combine to establish an overall investment planning and control framework encompassing IT management and governance, new product development, public investment management, program management, fleet asset optimization, and detailed project management. With a global network covering 44 countries, Artemis has helped thousands of organizations to improve their business performance through better alignment of strategy, investment planning and project execution. For more information visit www.aisc.com.

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