ARTEMIS ANNOUNCES SECOND QUARTER 2004 FINANCIAL RESULTS

Strong Growth in New Platform Artemis 7

NEWPORT BEACH, Calif., August 11, 2004 – Artemis International Solutions Corporation (OTCBB: AMSI), one of the leading providers of investment planning and control solutions, today reported its financial results for the second quarter ended June 30, 2004. Artemis reported $13.4 million in total revenue for the second quarter of 2004, compared with $13.4 million for the second quarter of 2003 and $13.6 million for the preceding quarter. Software license revenue increased by 9 percent compared to the second quarter of 2003 and 19 percent compared to the preceding quarter. The company incurred a loss before interest, taxes, depreciation, and amortization (EBITDA) of $(0.5) million for the quarter ended June 30, 2004, compared with $(2.4) million for the prior year quarter and $(2.2) million for the preceding quarter. US GAAP reported net loss for the quarter ended June 30, 2004, was $(1.8) million, or $(0.18) per common share, compared to a net loss of $(4.0) million, or $(0.40) per common share for the second quarter of 2003 and a net loss $(3.9) million, or $(0.39) per common share for the preceding quarter. “We achieved growth in software revenue and improved operating performance compared to the previous quarter and the second quarter of 2003,” stated Patrick Ternier, president and CEO of Artemis International. “More significantly, the software license revenue of our new platform, Artemis 7, and its industry-specific solutions, increased by 176 percent compared to the prior year quarter and 82 percent compared to the preceding quarter, representing now almost half of our license revenue. The increases in software and support revenue for the second quarter of 2004 compared with the same quarter of 2003, were offset by a decline in services revenue, mainly due to the fast implementation cycles of our new platform. This will allow us to move to a more software-oriented business model.” Operating loss decreased by 54 percent to $(1.7) million in Q2 of 2004 from $(3.7) million in Q2 of 2003, reflecting savings from restructuring actions taken in early 2004 and a shift in revenue mix towards software and support revenue. In June 2004, the company completed a private placement of $9.0 million of convertible preferred stock. This transaction strengthened the company’s balance sheet and provided funds for the repayment of debt as well as for working capital purposes.

Consolidated Financial Highlights (unaudited)

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. 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. 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.