Artemis International Introduces New Solution to Manage Fleet Assets for Energy Operators.

Business Editors

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Jan. 14, 2004

Proven Solution Links Long-Range Maintenance and Financial Plans

to Reduce Overall Cost and Increase Efficiencies

Artemis International Solutions Corporation (OTCBB:AMSI) today announced the Artemis Fleet and Asset Management solution, a single system proven to help energy companies drive increases in generating output, minimize operating costs, and maximize plant performance and safety, whether they are responsible for a single plant or an entire fleet of generating stations.

This is the first of its kind industry solution specifically configured for the unique challenges faced by energy companies -- challenges such as the excessive time needed to manually create and validate work plans, the unexpected project delays due to resource bottlenecks and unforeseen/unanticipated changing requirements, and the inability to provide effective investment oversight based on limited visibility or even complete, integrated information. Artemis leveraged its years of experience and knowledge in providing enterprise project management solutions for energy companies to design an alternative to the homegrown solutions currently being used for long-range work planning and budgeting.

For power generating companies that face critical, complex decision-making and long-range work plans (potentially as long as 30 years for nuclear fleets), Artemis has introduced a cost-efficient solution to direct their fleet and asset management needs. Facing the most stringent regulations in the energy marketplace while relying on antiquated homegrown tools, nuclear fleets demonstrate the most critical need for business process improvements.

"Nuclear power station operators have historically relied heavily on manual procedures and fragmented IT tools for the financial and maintenance plan management of their stations. Companies consistently face an uphill battle in getting the most output from their generating assets in a safe and cost-effective way," said Michael Rusert, president and CEO of Artemis International. "Already proven by Exelon Nuclear, the largest nuclear fleet in the United States, Artemis' new solution featuring Artemis 7 for integrated fleet and asset management offers nuclear power operators the opportunity to save millions of dollars at every station in their fleet."

There are many factors that influence why fleets have had difficulty realizing economies of scale to reduce the overall cost and risk of their operations. These problems range from the large volume of work, organizational complexity, inadequate IT systems, and an ever-changing business and regulatory environment. The Artemis Fleet and Asset Management solution automates management processes, giving users the ability to reduce investment and project costs through better prioritization, budgeting, resource planning, and project management. The resulting efficient, improved processes and strategic alignment of opportunities, coupled with the increased visibility of investments, streamlines decision-making and results in lower operating costs and the ability to maximize generating capacity/output.

Features of the fleet and asset management solution include:

-- An intuitive, Web interface allowing users to access the

system anywhere, anytime

-- An automated workflow with user-configurable reporting

specifically tailored for energy companies makes the system

easy to use

-- A secure, simple administration puts users quickly in control

-- Easily integrates with a company's existing systems and

scalable to thousands of systems, it will support evolving

business needs

"With Artemis Fleet and Asset Management, organizations are now able to establish common terminology and access real-time information, helping energy companies streamline the process of business planning, project prioritization, and budgeting for working with major asset and fleets," explained Joshua Horwitz, vice president solutions marketing at Artemis.

The Artemis Fleet and Asset Management system has an automated and integrated structure. It consists of three process areas: strategy management, work management, and factor management:

1) Strategy Management is the governance mechanism that aligns organizational objectives. This process area will organize information, helping executives continually identify, prioritize, and monitor the progress of their business goals.

2) Work Management is the active "work in progress" stage. Engineers identify their predictable work, such as preventative maintenance, equipment purchase, and ongoing operational activities, and also their unpredictable work, such as corrective repair and plant improvements. The department leaders and plant design and management committees prioritize according to the business goals of the station and fleet, setting the foundation for a successful performance by the project teams.

3) Factor Management identifies the resources and assets needed to complete the work. It assists department managers to identify and assess all the factors available to the station or the fleet. Project teams have the ability to track time, costs incurred, and services delivered, giving project managers the visibility of actual versus planned results so they can take corrective action if needed and better manage the project.

The Artemis Fleet and Asset Management solution is immediately available.

About Artemis Fleet and Asset Management Solution

The Artemis Fleet and Asset Management solution is 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 energy companies by providing three solutions built on the Artemis 7 platform: Fleet and Asset Management, Plant Outage Management, and Corporate IT Management.

About Artemis International Solutions Corporation

Artemis International Solutions Corporation (OTCBB:AMSI) is one of the world's leading providers of enterprise portfolio and project management software and services. Artemis has refined 30 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 combine to 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 encompassing 43 countries, Artemis has helped thousands of companies worldwide to improve their business performance through better alignment of strategy and project implementation. 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.