Artemis Partners With Swiss Consulting Firm Spol AG

NEWPORT BEACH, CA - December 17, 2002 - Artemis International Solutions Corporation (OTCBB: AISC), one of the leading providers of enterprise portfolio and project management applications, today announced it has formed a strategic alliance with Spol AG, a leading Swiss consulting firm specializing in portfolio and project management solutions. Under the alliance, Spol AG will provide Artemis’ enterprise-level portfolio, project and resource management solution to Global 2000 companies operating in Switzerland. The partnership further expands Artemis’ worldwide distribution network in 27 countries. "As project management specialists, we offer our customers market-leading solutions such as those developed by Artemis,” stated Bruno Jenny, founder of Spol AG. “This partnership allows us to supplement our project management and consulting practice with Artemis’ industry leading enterprise software solutions; and allows our customers to greatly profit from a closer relationship with Artemis." Founded in 1991 and headquartered in Kanton Zug, Spol AG is recognized as one of the leading consulting firms in the project management arena. Spol AG has shown steady growth of 20% over the last three years servicing a growing clientele in several markets, including the manufacturing, financial services, insurance and government sectors. Its client list includes UBS (Zurich), FIFA (Zurich), Swiss Re (Basel), Swiss Radio (DRS), Siemens Switzerland, Swiss Postal Service, Kantonale Administration Zurich and Swisscom. "The competence and strength of Spol AG in Switzerland’s project management market should enable Artemis to extend its customer reach and provide a higher level of customer service in the region,” stated Mike Rusert, President and CEO, Artemis. “We look forward to working closely with Spol AG and to leverage the success we have had in the other Nordic markets." About Artemis International Solutions Corporation
Artemis International Solutions Corporation is one of the world’s leading providers of customer-driven enterprise portfolio and project management applications 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 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. 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.