Artemis Brings Enterprise Project and Resource Management Capabilities to Microsoft Project Users

Business Wire, Jan 29, 2003

Business Editors/High-Tech Writers

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Jan. 29, 2003

Users Realize Greater Visibility, Scalability without Increasing

Current Investments in Microsoft Project

Artemis International Solutions Corporation (OTCBB: AISC), one of the leading providers of enterprise portfolio and project management solutions, today announced that it brings the benefits of a scalable enterprise project and resource management solution to users of Microsoft(R) Project 98, 2000 and 2002, while allowing them to leverage their current technology and organizational investment in Microsoft Project.

"The Artemis solution allows organizations to meld disparate projects and processes into a comprehensive enterprise project portfolio that ensures the maximum deployment of scarce resources," stated Mike Rusert, President and CEO, Artemis. "The key is maximizing current investments and reducing the total cost of ownership to meet business objectives."

Artemis' enterprise Portfolio, Project and Resource Management solution keeps companies' total cost of ownership low by allowing them to leverage the investment in their existing organizational infrastructure and skill set. Some key ways Artemis helps Microsoft users maximize their existing assets include:

-- Support for existing Microsoft Project desktop applications including Microsoft Project 98, 2000 and 2002 - eliminating the need to upgrade desktop applications, databases or existing operating systems;

-- Support for Oracle as a database platform, allowing the enterprise to realize the benefits of enterprise portfolio and project management without requiring additional investment in new database platforms while allowing greater integration and scalability options;

-- Implementation by the Artemis Worldwide Consulting Network leveraging PM2 - a proprietary enterprise implementation process methodology employed by Artemis;

-- Extended security access and role definition from the project and resource portfolio level to the task levels in Microsoft Project; delivering information only to duly authorized users;

-- Standards, processes and consolidated dashboards in a central system to allow visibility and control of a portfolio of projects and resources;

-- Extended functionality over Microsoft Project versions for more robust project portfolio analysis and resource management capabilities;

-- With Artemis, Microsoft Project users can manage enterprise-level projects from within their familiar desktop application while implementing consistent project and process standards.

About Artemis International Solutions Corporation

Artemis International Solutions Corporation is one of the world's leading providers of enterprise portfolio and project management applications for all levels of the enterprise. Artemis's software solutions are supported by industry-leading consulting services and an international distribution network of 41 offices in 27 countries. Artemis has over 465,000 users around the world, and services key vertical markets such as Aerospace and Defense, Utilities, Manufacturing, Government, and Financial Institutions. The common stock of the company trades under the symbol "AISC.OB" on the OTCBB. For more information, visit the Artemis Web site at 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. 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 the Company with the Securities and Exchange Commission including but not limited to those contained under the Risk Factors section of Form 10-K for the year ended December 31, 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 effect.

Note to Editors: The "2" in "PM2" should be superscript.