Artemis International Delivers Portfolio and Resource Management Solution for Public Sector.

Business Editors/High-Tech Writers

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Jan. 29, 2004

Program Management Solution Enables Government Agencies to Optimize

Investment Portfolios

Artemis International Solutions Corporation (OTCBB:AMSI) today announced its enterprise portfolio, project and resource management solution designed specifically for the public sector. The new Program Management solution is dedicated to helping public sector organizations maximize the benefits and public value derived from the programs and projects they initiate.

Faced with the obligation to provide improved services to their customers in a changing economic and political climate, public sector organizations must improve their ability to select, budget and manage complex projects to completion. Government imposed budgeting procedures and regulations further increase this challenge.

"We are seeing more and more agencies moving from a spending approach to a more value-oriented vision of how budgets should be allocated and managed," said Patrick Ternier, Artemis International president and CEO. "It allows political decision makers to verify the alignment of programs with the commitments made to their electors, and furthermore, as a tax payer it is very encouraging to find that projects are now more closely linked to tangible and measurable objectives like the number of citizens serviced in a given area, or the number of jobs they have helped to create."

The Artemis Program Management solution is designed to help Public Sector organizations:

-- Develop and maintain better alignment between political

objectives, national/local interests and the portfolio of

programs and initiatives;

-- Maximize the effectiveness of public funds by delivering more

public value from programs and projects;

-- Synchronize the use of capital with actual program execution

and with funds allocated from budget and subsidies;

-- Implement governance throughout the full lifecycle of

programs; from budgeting to value realization;

-- Improve responsiveness to change through better and more

timely information so capital and effort can be refocused as

required;

-- Improve program and project delivery through the use of

repeatable processes and best practices;

-- Promote efficient and effective communication between

stakeholders and controlling bodies.

Government projects and programs impacted by the Program Management solution include infrastructure (transportation, economic development, housing, etc.), public services (police, social services, environment, etc.) and Information Technology (system procurement, development and deployment) at the local, regional or central government level.

"Our solution is ideally positioned to support public sector requirements for increased visibility into budget allocations and project outcomes by providing the necessary governance processes and tools," stated Ternier. "With over a dozen successes in recent months, we have shown that we can offer public sector organizations both a strategic vision on their portfolio of initiatives and programs, and the ability to control the execution without getting bogged down in the details."

This industry-driven solution includes pre-configured Artemis 7 software, industry specific processes, work-flows, templates and dash-boards, and packaged services designed to cut down implementation time and costs and reduce risk.

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 Corporation

Artemis International Solutions Corporation is one of the world's leading providers of enterprise portfolio, project and resource management software solutions. Artemis has refined its 28 years' experience into a suite of industry optimized solutions that integrate application modules with packaged consulting services to provide an immediate response to today's business needs. The solutions establish an improved corporate governance framework encompassing top-down investment planning for corporate IT management, public sector program management, new product development and detailed project and program management. With a global network covering 43 countries, Artemis has helped thousands of companies worldwide to improve their business performance through better alignment of strategy and project implementation. The common stock of the company trades under the symbol "AMSI" on the OTCBB. For more information visit www.aisc.com.

Forward Looking Statements

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements or for prospective events that may have a retroactive effect.