ARTEMIS REPORTS SECOND QUARTER 2005 FINANCIAL RESULTS

Artemis 7-based solutions grow to 70% of the Company’s software revenue

NEWPORT BEACH, Calif., August 10, 2005 – Artemis International Solutions Corporation (OTCBB: AMSI), a leading provider of Investment Planning and ControlTM solutions, today reported its financial results for the second quarter ended June 30, 2005. Artemis reported $12.4 million in total revenue for the second quarter ended June 30, 2005, with software license revenue of $3.3 million, at levels comparable to the second quarter of 2004. Software license and support revenue increased to 62.7% of total revenue, compared to 55.5% in the same quarter of 2004. The Company’s strategic product platform, Artemis 7, grew by 63% and represented 70% of total software license revenue, compared to 42% for the second quarter of 2004. The Company reported a non-GAAP loss of $(0.2) million, or $(0.2) per common share, for the second quarter of 2005, compared to a non-GAAP loss of $(0.6) million, or $(0.06) per common share, in the second quarter of 2004. Non-GAAP loss for the second quarter of 2005 excludes $0.6 million in amortization expenses, while non-GAAP loss for the second quarter of 2004 excludes $1.0 million in amortization expenses and $0.1 million in restructuring charges. On a US GAAP basis, the Company’s net loss for the second quarter of 2005 was $(0.9) million, or $(0.08) per common share. This compares to a net loss of $(1.8) million, or $(0.18) per common share, for the second quarter of 2004. “Sales generated by our flagship product, Artemis 7, continue to grow strongly,” said Patrick Ternier, President and CEO of Artemis. “From a license perspective, we have now reached an inflection point where the growth in Artemis 7-based solutions coupled with our EVMS solution should outpace the decline in other areas, setting the stage for future software growth. That would be combined with the stabilization of our services revenue and some growth in our recurring support revenue,” Ternier added. “These results have been achieved, although we have not yet capitalized on the measures we have taken over the last months to improve our sales performance in the US, including hiring an experienced executive to lead the region. Those steps should help rebalance our geographical revenue mix.” Mr. Ternier further stated, “Whilst we have taken significant steps in restructuring the company, we are continuing to review our worldwide operations for additional efficiencies to further improve our bottom line and strengthen our balance sheet, without compromising our commitment to customer satisfaction.” For the six months ended June 30, 2005, Artemis reported $24.3 million in revenue, a non-GAAP loss of $(0.9) million, and a US GAAP net loss of $(2.1) million or $(0.20) per common share. This compares to $27.0 million in revenue, a non-GAAP loss of $(2.2) million, and a US GAAP net loss of $(5.7) million or $(0.57) per common share for the same period in 2004. Non-GAAP loss for the six months ended June 30, 2005 excludes amortization expense of $1.3 million. Non-GAAP loss for the six months ended June 30, 2004 excludes amortization expense of $2.0 million and restructuring charges of $1.4 million. During the quarter, Artemis continued to add significant new software sales for its solutions in the Americas, Europe, Asia Pacific, and Japan, including:

• New Product Development: LG Chem, Turbomeca, JATCO, Tanabe Seiyaku, Maruho, Cummins, Gambro
• IT Management and Governance: France Telecom Transpac, Calyon, HSH Nordbank, SOGEI, SSB, Telecom Italia, Telefónica Móviles Spain, Hitachi Construction Machinery
• Strategic Asset Optimization: PSEG, Michels Kenny, Ergon Energy, Knolls Atomic Power Laboratory
• Public Investment Management: Parliamentary & Health Service Ombudsman

The Company also announced that, effective immediately, Steve Yager has resigned as the Chairman of the Company’s Board of Directors and Board member Pekka Pere has accepted the position. Mr. Yager stated: “I have encountered intensifying time pressures in my role as Company chairman, finding it increasingly difficult to balance my Chairman’s role with my other professional commitments. Mr. Pere is well positioned to help the Company move to its next level of performance.” The Company thanks Mr. Yager for his years of service on the Board, and wishes him continued success in his professional endeavors. Artemis has scheduled a conference call to discuss the Q2 2005 results today, Wednesday, August 10, 2005 at 4:30 PM (EST). Dial (877) 246-9127 or (206) 902-3257. For those unable to participate, there will be a telephonic replay available from August 10, 2005 at 5:30 PM (EST), through September 10, 2005 11:59 PM (EST). Dial: (800) 207-7077 or (913) 383-5767. Enter PIN: 4140.

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.