ARTEMIS REPORTS STRONG FOURTH QUARTER 2004 FINANCIAL RESULTS

Artemis achieves positive operating results for Q4, with software revenue up 45% from prior year and up 90% from last quarter

NEWPORT BEACH, Calif., March 2, 2005 – Artemis International Solutions Corporation (OTCBB: AMSI), the leading provider of Investment Planning and ControlTM solutions, today reported its financial results for the fourth quarter and the fiscal year ended December 31, 2004. Artemis reported $14.4 million in total revenue for the fourth quarter ended December 31, 2004, up 30.7% from $11.0 million in the third quarter of 2004 and up 3.1% from the same quarter of 2003. Software license revenue was $4.5 million, up 90.2% from $2.4 million in the third quarter of 2004 and up 44.6% from $3.1 million in the same quarter of 2003. Software license and support revenue increased to 61.9% of total revenue compared to 49.8% in the same quarter of 2003. The company reported non-GAAP income of $1.6 million, or $0.16 per common share, for the fourth quarter of 2004, compared to a non-GAAP loss of $(1.3) million, or $(0.13) per common share, in the third quarter of 2004 and $(0.6) million, or $(0.06) per common share, in the fourth quarter of 2003. Non-GAAP income for the fourth quarter of 2004 excludes $1.9 million in amortization and impairment charges and $0.7 million in restructuring charges. Non-GAAP loss for the third quarter of 2004 excludes $1.0 million in amortization and $0.7 million in restructuring charges, while excluding $1.0 million in amortization charges for the fourth quarter of 2003. On a US GAAP basis, the Company’s net loss for the fourth quarter of 2004 was $(1.0) million, or $(0.10) per common share. This compares to a net loss of $(3.0) million, or $(0.30) per common share, in the preceding quarter and $(1.6) million, or $(0.16) per common share, for the fourth quarter of 2003. "Our strategy is paying off”, said Patrick Ternier, president and CEO of Artemis, “We achieved strong growth in software revenue in Q4 and further expanded our customer base, particularly in New Product Development and IT Management and Governance. Our improved financial performance is a result of solid sales execution combined with the realignment of our cost structure.” For the full year 2004, Artemis reported $52.4 million in revenue, a non-GAAP loss of $(1.9) million, and a US GAAP net loss of $(9.7) million or $(0.97) per common share. This compares to $57.3 million in revenue, a non-GAAP loss of $(3.8) million, and a US GAAP net loss of $(7.9) million or $(0.79) per common share for the full year 2003. Non-GAAP loss for 2004 and 2003 exclude amortization, impairment and restructuring charges of $7.7 million and $4.1 million, respectively. In addition to strong software revenue, the following are highlights of the Quarter:

• Additional success for the industry optimized solutions approach through the addition of leading new customers from all four regions including:
• New Product Development: China Telecom, Hitachi Kenki Business Frontier Co, Jatco, Nuovo Pignone, Ogihara, Olympus Medical Systems, Pfizer, PT Telekom, Telecom Italia Sparkle, Tanabe Seiyaku, Unomedical, Wind Telecom
• IT Management and Governance: AGF-Allianz, Axa Life insurance, Atos Origin Integration, Casino IT, Certegy, Crédit Lyonnais, Crédit Agricole, Linea Directa Insurance, SBC Services, Tchibo Gmbh, Unedic, USAA
• Public Investment Management: Acqua Latina, TAFE Australia, Mato Grosso State Government.
• Fleet Asset Optimization: Exelon Energy Delivery, General Electric Oil & Gas, Southern Company Generation
• Aerospace and Defense Program Management: Air Tanker Ltd, Alcatel Space Industries, Lockheed Martin IS&S, Lockheed Missile and Space, Norvegian Defense Ministry
• Major new release of Artemis 7, with Version 6.0 offering unique Performance Based Budgeting capabilities to allow investments funding to be dynamically optimized and linked to financial and non-financial benefits, allowing organizations to effectively execute strategy.
• Worldwide rollout of our Consulting Partner program to increase the Artemis Partner network.
• First major return on our active presence in China with the addition of the R&D Institute of China Telecom in Shanghaï to our Asian and worldwide user base.

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.