Artemis International Appoints New Chief Financial Officer

NEWPORT BEACH, CA - September 27, 2002 - Artemis International Solutions Corporation (OTCBB: AISC), one of the world’s leading providers of enterprise-based portfolio, project and resource management software solutions, today announced that Robert S. Stefanovich has been named Executive Vice President and Chief Financial Officer. "With his experience working with both start-up and large multinational companies, Robert brings a great deal of knowledge and international expertise to our organization," stated Mike Rusert, President and CEO, Artemis. "Robert’s initial goal is to complete our global financial accounting and control infrastructure while maintaining an entrepreneurial adaptability that characterizes smaller, nimble companies." Stefanovich has held senior finance positions in both publicly traded and privately held technology companies. Prior to his appointment as Artemis’s Senior Vice President of Finance in July 2002, he held several senior positions, including Chief Financial Officer for a publicly traded medical device company and Vice President for Administration at Science Applications International Corporation (SAIC), a Fortune 500 company. Stefanovich was also a member of the Software Advisory Group and an Audit Manager with Price Waterhouse LLP’s (now PricewaterhouseCoopers) hi-tech practice in San Jose, CA. He holds an MBA in Finance/Accounting and Engineering. Peter Schwartz, Artemis’ former Chief Financial Officer, will continue with the company in an advisory and consultancy role for an indefinite period 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.