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CP&L And OppenheimerFunds Choose Artemis - Again; Satisfied Customers Expand Artemis Solutions to Enhance Enterprise-wide Project and Resource Collaboration.


Business Editors & Technology Writers

BOULDER, Colo.--(BUSINESS WIRE)--Nov. 13, 2001

Artemis International Solutions Corporation (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: OPUS), the most experienced project and resource collaboration software See collaborative software.  company in the world, announced today two expanded customer partnerships with CP&L, a subsidiary of Progress Energy (NYSE NYSE

See: New York Stock Exchange
: PGN PGN Portable Game Notation (chess)
PGN Procuraduria General de la Nación (Spanish)
PGN Philadelphia Gay News
PGN Parameter Group Number
PGN Phi Gamma Nu (business fraternity) 
) and a provider of electricity and related services to customers in North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures


Area, 52,586 sq mi (136,198 sq km). Pop.
 and South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures


Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15.
; and OppenheimerFunds, one of the largest United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  mutual fund families.

To keep pace with economic and customer demands, CP&L and OppenheimerFunds chose to expand their Artemis relationships by licensing additional seats of Artemis Views(R). These expanded relationships enable each organization to increase its focus on strategically relevant projects throughout the enterprise. Providing an expanded user base with a superior decision-support tool to manage the challenges of estimating, scheduling, scoping, pricing and implementing large-scale projects will materially improve the effectiveness and efficiency of these projects.

"Now, more than ever, timely knowledge is imperative to business success. Artemis gives companies the power to make swift, informed business decisions that optimize business processes and overall performance," said Steve Herrmann, Artemis vice president of worldwide marketing. "By increasing our commitment to these enterprises, we are able to help them achieve even better business performance. These kinds of expanded relationships are a strong reflection of our clients' belief in the value of Artemis project This article relies largely or entirely upon a .
Please help [ improve this article] by introducing appropriate of additional sources.
 and resource collaboration solutions."

"These extended customer relationships with CP&L and OppenheimerFunds are a strong endorsement of Artemis' ability to execute, and the high level of satisfaction of our customers," said Herrmann. "With these additional licenses, we ensure that these customers further improve their project management capabilities."

About CP&L

Since its founding in 1908, CP&L has evolved from a mid-sized North Carolina electric utility into a key component of a Fortune 500 company providing energy and related services to one of the fastest-growing regions in the United States. Serving more than 1.2 million electricity customers in one of the fastest-growing regions in the country, CP&L operates 18 generation facilities in the Carolinas with more than 12,000 megawatts of generating capability. Artemis has successfully managed the unique demands of CP&L's business for several years, providing flexibility and solutions to accommodate CP&L's growth.

About OppenheimerFunds

Founded in 1960, OppenheimerFunds is one of the largest and best-known mutual fund companies in the United States. As of September 30, 2001, the company and its subsidiaries had assets of more than $115 billion in more than 5 million shareholder accounts. To keep pace with the demands of their customers, it relies heavily on the most advanced technologies.

About Artemis International Solutions Corporation

Artemis International Solutions Corporation is the most experienced project and resource collaboration software company in the world. The company's 25 years of success are built on its proven ability to execute customer-driven applications for all levels of the enterprise - from the executive to the knowledge worker. Only Artemis offers the complete Business Management Architecture(TM), comprised of scalable client/server and Web-enabled applications and consulting services. Artemis' customizable package of enterprise software includes strategic portfolio management and project and resource management applications. Artemis provides mission-critical solutions to Global 2000 companies worldwide. Recently named one of Knowledge Management World's "Top 100 Companies That Matter," Artemis operates through its international network of 41 offices in 27 countries. The Artemis family of companies recently combined with Opus360 Corporation. The common stock of the resulting company trades under the symbol "OPUS" on the OTCBB. For more information, visit the Artemis Web site at www.artemisintl.com.

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 forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
, such as statements regarding the effect of completing the combination of Opus360 with the Artemis businesses, the ability of Opus360 and Artemis to successfully integrate their businesses, the combined 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 These forward-looking statements are based on current expectations and are subject to a number of risks, uncertainties and assumptions. Important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements are detailed in the documents filed by Opus360 with the Securities and Exchange Commission, including, but not limited to, those contained under the Risk Factors section of the Definitive Proxy Statement Proxy Statement

A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting.
 filed with the Securities and Exchange Commission on November 6, 2001. 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 Having reference to things that happened in the past, prior to the occurrence of the act in question.

A retroactive or retrospective law is one that takes away or impairs vested rights acquired under existing laws, creates new obligations, imposes new duties, or attaches a
 effect.

Views is a registered trademark of Artemis International Solutions Corporation, and Business Management Architecture(TM) is a service mark of Artemis International Corporation. Other marks may be the property of their respective owners.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 13, 2001
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