Artemis Addresses Public Sector Governance Requirements with Portfolio, Project and Resource Management Solutions.

Business Editors/High-Tech Writers

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--March 18, 2004

European Public Sector Organizations Utilize Top-Down Approach to

Improve Alignment of Investments with Objectives, Provide Financial

Visibility and Manage Project Execution

European government agencies, and their counterparts worldwide, are looking to software solutions to ease the operational demands of providing increased services to citizens, greater security, effective interaction with all stakeholders, and a transparent, streamlined governance process. Portfolio management solutions designed to foster efficient collaboration and allow projects and initiatives to be examined in terms of potential return on investment, resource allocation, and impact on other projects throughout the organization, are enabling managers to align objectives and priorities.

France's Urban Community of Dunkirk is one example of a regional public agency that has looked to Artemis International Solutions Corp. (OTCBB:AMSI) for their public sector portfolio and project management solution. Responsible for the streets, transportation, housing units and education for 19 towns, this agency has turned to Artemis to provide accountability and visibility into initiatives undertaken using public funds. The public sector solution includes three key elements:

-- Strategic management provides executive dashboards on projects

and actions, political, contractual, and territorial analysis,

and the ability to realign and prioritize;

-- Project management provides project and operational control,

general review and reporting by department/service;

-- Financial management provides budget planning, phasing and

prioritization management and cost-driven execution control.

Artemis' public sector solution enables 70 users at this public agency to achieve a strategic vision of their projects and activities and maintain control of their $200 million budget.

Similarly, the Urban Community of Bordeaux in France, which is rolling out Artemis' public sector portfolio and project management solution to 350 users, is managing its investment budget to correspond with public objectives and policies. With a top-line goal of improving communications, risk and planning practices and effective resource management, the regional public agency aims to ensure alignment of the objectives and priorities of towns with the actual allocation of funds and resources.

According to Patrick Ternier, Artemis president and CEO, public sector organizations are under tremendous pressure to maximize the value they provide with limited funds and are at the same time being asked to provide efficient, consistent and transparent governance. Ternier explained, "Accountability to internal management and the public they serve has elevated the need for portfolio management software which provides a top-down management framework for visibility, predictability, and decision support."

Reporting to the Department of Trade and Industry in the United Kingdom, the Regional Development Agencies (RDA) are charged with furthering economic development and regeneration, promoting business efficiency, competitiveness and employment, and enhancing development and application of employment skills. In total, there are eight RDAs and each is accountable to Parliament yet remains autonomous. The challenge for these agencies was to find a common solution that would enable effective governance through the consistent use of their project appraisal and approval process. In addition, clear forecasting and measurement of agency outputs, monitoring where funds are being applied, and the ability to predict future expenditures to ensure funds are requested and available from the government. The scalability of Artemis' public sector solution to address geographically distributed locations along with its web-based software modules and the ability to integrate with other existing systems provides for a viable and highly effective solution for the RDA to meet the requirements of legislative compliance and public performance goals.

In Italy, new legislation was passed to ensure that infrastructure projects of national interest are guaranteed an approval cycle within a limited timeframe. With more than 100 such projects, worth 125 billion Euros ($149 billion U.S.) over a 10-year period, the Ministry of Infrastructure and Transportation (MIT) sought a system that offered a consolidated view of all investments and a repository for project information that would be shared with multiple stakeholders from local authorities to the ministry level. The Artemis solution has been deployed by the MIT and has become the de-facto monitoring system offering alerts on incoming approval events and funding needs which require action; rapid status analysis on project schedules, financials and performance; aggregation of financial needs for government entities; flexible views into available sources of financing for initiatives; and the ability to monitor the progress of projects. This solution provides a governance and assurance framework to the Ministry allowing them to comply with legislative objectives and focus on ensuring the success of major impact projects.

These four organizations demonstrate how companies can gain control through their leadership in adopting technology solutions and new methodologies, commented Ternier. "Whether the objective is corporate governance or public service, it comes down to accountability and we believe that each of these organizations sets an excellent example for all."

About Artemis Solutions for the Public Sector

Artemis solutions for the Public Sector are developed on the company's enterprise portfolio, project and resource management platform, Artemis 7. Using its modularized architecture, Artemis solutions are pre-configured for specific industries and business areas enabling organizations to introduce the right capabilities and benefits while providing an increased ROI to be achieved by a more rapid and secure deployment. Artemis supports the improvement of quality and efficiency of public sector services by providing two solutions built on the Artemis 7 platform: Public Sector Program Management and Information Technology Portfolio Management.

About Artemis International Solutions Corp.

Artemis International Solutions Corp. (OTCBB:AMSI) is one of the world's leading providers 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 solutions and packaged consulting services that address the specific needs of both industry and the public sector including, IT management, new product development, program management, fleet and asset management, outage management and detailed project management. With a global network covering 44 countries, Artemis is helping 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.

Forward Looking Statements

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