Third Quarter 2003 Financial Results

Artemis Reports Third Quarter 2003 Financial Results

NEWPORT BEACH, CA – November 13, 2003 -- Artemis International Solutions Corporation (OTCBB: AMSI), one of the leading providers of enterprise portfolio and project management software solutions, today reported its financial results for the third quarter 2003.

Artemis reported $13.7 million in total revenue for the third quarter of 2003, compared with $15.8 million for the third quarter of 2002. US GAAP reported net loss for the quarter ended September 30, 2003, was $(1.4) million, or $(0.14) per common share; as compared to the net loss of $(1.8) million, or $(0.18) per common share, for the comparable 2002 period. The Company reported earnings before interest, taxes, depreciation and amortization (EBITDA) of $0.2 million for the quarter ended September 30, 2003, compared with a negative EBITDA of $(0.3) million for the comparable 2002 quarter. Year-to-date software revenue for 2003 increased to $10.1 million, compared to $9.5 million, for the comparable 2002 period.

“Artemis 7, our recently introduced enterprise portfolio management software, showed strong growth, representing 38% of our total software sales for the 2003 third quarter,” stated Mike Rusert, President & CEO of Artemis International. “In addition to product releases earlier this year, we have further streamlined our global operations and have taken over $4 million of costs out of the business in 2003. While certain cost savings will be realized this year, we expect to fully benefit from our 2003 restructuring activities in fiscal 2004.”

Artemis released two products during the third quarter of 2003, Artemis 7 and Artemis Views version 7. Artemis 7 is a web-based, enterprise portfolio management software, designed to provide operational transparency to corporate executives both vertically and horizontally through the organization. The Artemis 7 management framework provides transparency into corporate assets, capital investments and all related transactions. The new release of Artemis Views, a widely used project and resource management software, brings together the enhanced web-based project management modules into a single, synchronized product suite that provides complimentary functionality to Artemis’ portfolio management software.

Artemis International Solutions Corporation

Consolidated Financial Highlights (unaudited)

About Artemis International Solutions Corporation

Artemis International Solutions Corporation (OTCBB: AMSI) is one of the world’s leading providers of enterprise portfolio and project management software and services. Artemis has refined 30 years experience into a suite of industry optimized solutions that integrate application modules with packaged consulting services to provide an immediate response to today’s business needs. The solutions combine to establish an improved corporate governance framework encompassing top-down investment planning for corporate IT management, public sector program management, new product development and detailed project and program management. With a global network covering 43 countries, Artemis has helped thousands of companies worldwide to improve their business performance through better alignment of strategy and project implementation. 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.