Artemis Reports Sale of Software Productivity Research.Business Editors/High-Tech Writers NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Dec. 31, 2003 Artemis International Solutions Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMSI AMSI Australian Mathematical Sciences Institute AMSI Ambient Surround Imaging AMSI Atlantic Merchant Shipping Instructions AMSI Ameritech Message Signal Interface ), today reported the sale of its Software Productivity Research division. Artemis has divested its Software Productivity Research division for a total consideration of $370,000, paid in cash and by transfer of certain liabilities. SPR spr Spring SPR Strategic Petroleum Reserve SPR Surface Plasmon Resonance SPR Suomen Punainen Risti SpR Specialist Registrar (UK doctor who supports a consultant) SPR Society for Psychical Research SPR Stop Prisoner Rape is now privately owned and separately registered as a limited liability company (LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ) in the state of Delaware. "The divestiture of SPR is part of our strategy to focus the company's resources on our core competencies in enterprise portfolio and project management software solutions," stated Mike Rusert, president & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Artemis International. Artemis will be working with the management of Software Productivity Research, LLC on a transition plan to ensure that existing clients continue to receive superior service and support. About Artemis International Solutions Corp. Artemis International Solutions Corp. is one of the world's leading providers of enterprise portfolio, project and resource management software solutions for all levels of the enterprise. Artemis' solutions are supported by industry-leading consulting services and an international distribution network of 48 offices in 43 countries. Artemis has over 540,000 users around the world, and services key industries such as Aerospace and Defense, Energy & Telecom, High Technology, Pharmaceutical, Government, Automotive and Financial Services. The common stock of the company trades under the symbol "AMSI" on the OTCBB. Forward-Looking Statements "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Operating Expense The essential things that a company must purchase in order to maintain business. Notes: For example, the payment of employees wages are an operating expense. Also known as OPEX. 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. |
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