Artemis Divests ABC Tech Business; Sale of Non-Core Business Nets $420,000 in Cash

Business Wire, March 6, 2003

Business Editors

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--March 6, 2003

Artemis International Solutions Corporation (OTCBB: AMSI), one of the leading providers of enterprise portfolio, project and resource management software solutions, today announced the sale of the operations of ABC Technologies France. Proceeds from the sale of the ABC Tech business will be used to help support Artemis' core portfolio and project management business. Of the total $420,000 in proceeds, $315,000 was recognized in the fourth quarter of 2002, and $105,000 is expected to be recognized upon achieving certain milestones in 2003. The divestiture will not have a material effect on future revenues or operating income for Artemis.

Based in Paris, France, ABC Technologies France was managed by Artemis' French subsidiary, Artemis France, which generates approximately 11% of Artemis' total revenue. Artemis France is a major component of Artemis' extensive international distribution network, which comprises 40 offices in 27 countries. France-Telecom, Michelin, BNP-Paribas, Credit Lyonnais, Alcatel and Louis-Vuitton-Moet-Hennessy are some of the many Artemis customers in France.

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 for all levels of the enterprise -- from the executive to the knowledge worker. Artemis' solutions are supported by industry-leading consulting services and an international distribution network of 40 offices in 27 countries. Artemis has over 500,000 users around the world, and services key vertical markets 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. 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 including its Annual Report filed on Form 10-K for the year ended December 31, 2001, and its quarterly reports on Form 10-Q. 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.