ARTEMIS INTERNATIONAL GAINS INDUSTRY STATURE, BUILDS CLIENT ROSTER AND SECURES FUNDING

Corporate Initiatives Drive Growth for Investment Planning and Control Solutions (tm)

NEWPORT BEACH, Calif., August 17, 2004 – As businesses require increased visibility into planning and controlling IT and other major business investments, the market for software to improve investment selection, funding and control is experiencing rapid growth. Industry analysts clearly see the benefits to organizations of maintaining better strategic alignment and are increasingly evaluating solutions such as the Investment Planning and Control (tm) framework from Artemis. Over the past few months, leading analyst groups including META GROUP, Gartner Inc. and AMR Research have recognized the benefits of Artemis’ Investment Planning and Control (tm) framework. In addition, the company has added major new customers to its worldwide roster and recently secured $9 million in funding. Artemis’ Investment Planning and Control (tm) solutions help organizations execute strategy through effective portfolio and project management. This technology solution provides a tangible demonstration of strategy by helping decision-makers focus on investments that generate maximum value, linking the portfolio of investments to business goals, achieving the right balance and mix of investments, optimizing the value of the portfolio by prioritizing and funding the most valuable investments, and ensuring actual execution and performance is in line with business objectives. Under the framework of Investment Planning and Control (tm), Artemis offers industry-specific solutions including IT Management, New Product Development, Fleet Asset Optimization and Public Investment Management. Analyst recognition for Artemis includes achieving “Challenger” status from META Group for its advances in portfolio analysis capabilities. In addition, Gartner, Inc has positioned Artemis in the “Visionary” category in its 2004 Magic Quadrant for Project and Portfolio Management. Also, in the June AMR Research Report, “IT Portfolio Management Software,” Artemis ranked in Cluster 1 for vendors in IT portfolio management. As stated in AMR Research’s report, “Artemis is a company that has been helping people do project management for over 25 years. It has a global presence and a broad customer base in many countries. As such, it earned good scores on the Company Attributes axis.” In the past twelve months, Artemis has added a number of key customers to its worldwide roster offering tangible results for a variety of industries from energy and utilities to pharmaceutical, technology and government agencies. New Artemis customers include AMI Semiconductor, Inc., Sony Corporation, Chicago Mercantile Exchange, Telecom Italia, Travelers Express, Sara Lee, Actelion, Metropolitan Police Property Services, and Exelon. To further Artemis’ strategy to strengthen its position as a leader in the growing market for industry-specific portfolio and project management solutions, the company recently received $9 million in backing from an investor group that includes Emancipation Capital, Trilogy Software and Potomac Capital. “The combination of this industry recognition, strong sales, with 19% growth in software licenses Q2 over Q1 of 2004, our extensive customer base and world-wide sales and support capabilities clearly place Artemis in a dominant position in the rapidly growing market for Investment Planning and Control solutions.” said Patrick Ternier, president and CEO of Artemis.

Artemis International Solutions Corporation (OTCBB: AMSI) is the world’s leading provider 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 industry optimized solutions and packaged consulting services that combine to establish an overall planning and control framework encompassing IT management, new product development, public investment management, program management, fleet asset optimization, and detailed project management. With a global network covering 44 countries, Artemis has helped thousands of companies 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.