OKO Bank Group Chooses Artemis’ PortfolioDirector For Strategic Portfolio Management

Web-based Solution Enables OKO Bank To Realize Maximum Return On Its Strategic Initiatives

BOULDER, CO - February 11, 2002 -- Artemis International Solutions Corporation (OTCBB: AISC.OB), the most experienced enterprise project and resource collaboration software company in the world, today announced that OKO Bank Group of Finland has chosen PortfolioDirector™ to manage its portfolio of strategic business initiatives.

As a key component of the Artemis Business Management Architecture™, PortfolioDirector is a fully Web-based solution that provides companies with a tool for directing and assessing strategic initiatives throughout the enterprise. The software fosters more efficient collaboration among executives and department leaders, and allows companies to examine programs in terms of potential return on investment, allocation of resources, and impact on other projects. With this strategic analysis, executives are better able to identify resource-heavy programs, modify on-going projects and maintain a more consistent focus on programs that support corporate objectives.

Markku Makinen, director of information technology for OKO Bank Group, commented, "The ever-changing nature of the business environment complicates the process of making profitable investment decisions that are in accordance with the business strategy. As a result, there is a strong demand for an investment portfolio management tool. PortfolioDirector is an innovative solution for the management of strategic initiatives and economic changes. It provides a tool for reviewing, analyzing, and managing the investment portfolio."

Melinda Ballou, senior research analyst for the Meta Group, stated, "In an economic climate characterized by tighter budgets, shrinking resource pools, and a desire to achieve maximum return on investment, businesses are becoming increasingly aware of the need to ensure their initiatives support high-level goals, constantly monitor the performance of those initiatives, and make adjustments as soon as possible when needed to their project and program portfolios."

Makinen of OKO Bank further observed, "One of the key objectives of both business and information technology is to improve the productivity and performance of investments. By improving the management and transparency of the investment portfolio, we ensure coordination of business strategies and investments. As the life cycles of products and services are shortening, the ability to restructure investment portfolios quickly becomes even more important."

According to Risto Saikko, managing director of Artemis Finland Ltd, "There is a rapidly growing demand for IT solutions that help make decisions on investment initiatives. There is a strong need for a comprehensive investment portfolio management solution on the market. Artemis has developed the PortfolioDirector solution in response to our customers’ needs."

Artemis’ PortfolioDirector is a scalable, Web-based solution that allows executives to:

Optimize the prioritization of new investments against existing portfolios
Improve the success rate of investments by ensuring that the levels of investment remain within the capacity of the organization
Improve the visibility and ownership of each investment by its sponsors throughout the organization
Communicate and manage the risk associated with investments to optimize performance
Provide analysis which helps the business determine whether it is getting the best return on investments
Increase the speed and accuracy of the decision process, thereby ensuring a higher degree of reaction to economic change
Report consistent, complete and reliable information against a consistent business execution methodology
Maintain a consistent, central repository for all relevant information

About Artemis International Solutions Corporation
Artemis International Solutions Corporation is one of the world’s leading providers of enterprise portfolio, project and resource management software solutions for all levels of the enterprise -- from the executive to the knowledge worker. Artemis’ solutions are supported by industry-leading consulting services and an international distribution network of 50 offices in 43 countries. Artemis has over 530,000 users around the world, and services key industries such as Aerospace and Defense, Energy & Telecom, High Technology, Pharmaceutical, Government, Automotive and Financial Services. The common stock of the company trades under the symbol "AMSI" on the OTCBB.

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.