Artemis International Receives "Excellent" Rating From SPEX

Report From Leading Analyst Firm Gives High Score to Artemis in Enterprise Project Management Space

BOULDER, CO — February 27, 2002 -- Artemis International Solutions Corporation (OTCBB: AISC.OB), a leading enterprise project and resource collaboration software company, today announced that a recently completed study by SPEX, a division of META Group (Nasdaq: METG), rated Artemis as "Excellent", and positions Views 5 and its related components in the top-tier of the Enterprise Project Management market. According to the SPEX 2001 Enterprise Project Management report, "Artemis Views is a complete and functionally rich solution . . . Views 5 and its related components keep Artemis ensconced in the top-tier of the market. "It also states, "ViewPoint, a Web window to Views data, is an excellent addition. The role-based tool enables time entry via the Web, and presents personalized information (e.g., activities, projects, people, portfolio of projects) along with notifications, risk/issue management, attachment of unstructured data, and the ability to edit scheduling via the Web." The report goes on to list PortfolioDirector™ Artemis’ strategic portfolio management solution, as another strength of the Artemis offering. " The combination of strategic portfolio management at the executive level and project and resource management for the entire enterprise is what makes our Business Management Architecture offering so compelling," stated Steve Herrmann, vice president, worldwide marketing, Artemis International. "This report only confirms what we have been hearing from our Global 2000 customers for years - that our approach to project and resource collaboration is among the best in the market." About SPEX
SPEX is the leading Internet authority for enterprise and Web-based software technology evaluations. A division of META Group, SPEX provides comprehensive enterprise software evaluations via the Internet to help global companies quickly select critical business applications and IT solutions. Additional information about SPEX and samples of SPEX evaluations can be found at www.checkspex.com. SPEX also delivers the premier portal for enterprise software selection and year-round focused online conferences and exhibitions. 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.