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ARTEMIS INTERNATIONAL NAMES NEW PRESIDENT/CEO; FORMER CEO ASSUMES VICE CHAIRMAN POST

Industry veterans will head project management software concern


BOULDER, CO - January 28, 2002 -- Artemis International Solutions Corporation (OTCBB: AISC.OB), a leading provider of project and resource collaboration solutions, today announced that its Board of Directors had named Michael J. Rusert as president and chief executive officer, effective immediately. Steve Yager, Mr. Rusert’s predecessor as president and chief executive officer, has been elected vice chairman of the Board of Directors.
Mr. Rusert brings to Artemis his extensive management experience with multi-national companies including Canon Computer Systems, Inc., Ameriquest Technology, Inc., Exxon Office Products and Inacomp Computer Centers, Inc. In addition, he will serve on the company’s expanded board of directors.
Additionally, the company announced that James Cannavino, an Artemis board member since January 1999, has been elected as chairman of the board. Pekka Pere, who previously served as chairman, will continue to serve as a director. Mr. Cannavino is Chairman of the Board of DirectInsite (NASDAQ:DIRI), a leading company in database and electronic billing and bill presentment. Mr. Cannavino also served for over 35 years in senior management positions at IBM and Perot Systems. The other members of the Artemis board are Klaus Cawen, Alec Gores, Ari Horowitz, Olof Odman and Bryan Plug.
Steve Yager commented, "Mike has amassed an extraordinary record of accomplishment over his 20 years in the high technology industry. He is a proven leader and visionary who has consistently developed talented management teams in every organization that he has run. His leadership of the North American operations of Canon Computer Systems allowed his group to grow annual revenues from $500 million to more than $1.3 billion. I look forward to working closely with Mike to complete the task we have started. Together, we will ensure that Artemis continues to develop the international relationships necessary for this company to grow, prosper and reach its true potential."
In addition to serving on the Executive Committee of Canon Computer Systems, Inc. during his tenure with that company, Mr. Rusert has served as a member of the boards of directors and advisory boards of a number of business and professional organizations including Crossroads Open Systems Advisory, Zustek Software, Inc., AnswerFriend Software, and Evant Software Inc.
"I am very excited to be joining an outstanding team at Artemis. Steve has molded and led a rapidly growing organization that has successfully integrated acquired international operations, including companies in France, Italy and Finland. I look forward to enriching and expanding its excellent relationships with a client list that includes such premier companies as Nokia, Lockheed and Pfizer," said Rusert, "I also look forward to working with someone of Jim Cannavino’s stature and reputation. His wisdom and strategic guidance will be a major boon to Artemis International."
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 50 offices in 43 countries. Artemis has over 530,000 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" 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.

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