ARTEMIS SOFTWARE NAMED WELL-CONNECTED FINALIST BY NETWORK COMPUTING MAGAZINE

NEWPORT BEACH, Calif., May 7, 2004 – Artemis International Solutions Corporation one of the world’s leading providers of investment planning and control solutions that address the needs of both industry and the public sector including, IT management, new product development, program management, and fleet and asset optimization, announced today that it has been named a finalist in CMP Media LLC’s Network Computing 2004 Well-Connected Awards. Artemis was selected from technology solutions the publication has recommended in the past 12 months following the editorial staff’s work to research and test products in the technology arena. The winners will be announced in the May 13, 2004 issue of the magazine. Network Computing Real-World Labs staff tested the Artemis IT Management solution in the November 2003 issue of the magazine and highlighted the outstanding visual representation, and the cost and resources capacity capabilities along with the ability to perform what if scenarios (more..) "Network Computing has acknowledged the best and brightest in the networking and IT worlds for 10 years through its annual Well-Connected Awards," says Mike Lee, editor of Network Computing magazine. "The awards are determined as a result of product testing in the Real-World Labs of Network Computing, located throughout the U.S. More than 130 finalists in more than 40 categories have been named. The winners will be announced in the coming weeks." About Network Computing For IT, By IT, Network Computing, published by CMP Media LLC, Manhasset, N.Y., is dedicated to providing critical analysis of technologies, vendors and products to 220,000 IT Managers and Staff who are accountable for strategic technology purchase decisions. In 2003, Network Computing won a total of four awards from the American Society of Business Publications Editors (ASBPE), including a national award in the Best Technical Article category

Artemis International Solutions Corporation (OTCBB: AMSI) is one of the world’s leading providers of investment planning and control solutions that help organizations execute strategy through effective portfolio and project management. Artemis has refined 30 years experience into a suite of solutions and packaged consulting services that address the specific needs of both industry and the public sector including, IT management, new product development, program management, fleet and asset management, outage management and detailed project management. With a global network covering 44 countries, Artemis is helping thousands of organizations to improve their business performance through better alignment of strategy, investment planning and project execution. 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. 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.