ARTEMIS INTERNATIONAL DELIVERS PORTFOLIO AND RESOURCE MANAGEMENT SOLUTION FOR PUBLIC SECTOR

Program Management Solution Enables Government Agencies to optimize investment portfolios

Newport Beach, Calif., January 29, 2004 – Artemis International Solutions Corporation (OTCBB: AMSI) today announced its portfolio, project and resource management solution designed specifically for the public sector. The new Program Management solution is dedicated to helping public sector organizations maximize the benefits and public value derived from the programs and projects they initiate. Faced with the obligation to provide improved services to their customers in a changing economic and political climate, public sector organizations must improve their ability to select, budget and manage complex projects to completion. Government imposed budgeting procedures and regulations further increase this challenge. "We are seeing more and more agencies moving from a spending approach to a more value-oriented vision of how budgets should be allocated and managed,” said Patrick Ternier, Artemis International president and CEO. “It allows political decision makers to verify the alignment of programs with the commitments made to their electors, and furthermore, as a tax payer it is very encouraging to find that projects are now more closely linked to tangible and measurable objectives like the number of citizens serviced in a given area, or the number of jobs they have helped to create.” The Artemis Program Management solution is designed to help Public Sector organizations:

• Develop and maintain better alignment between political objectives, national/local interests and the portfolio of programs and initiatives;
• Maximize the effectiveness of public funds by delivering more public value from programs and projects;
• Synchronize the use of capital with actual program execution and with funds allocated from budget and subsidies;
• Implement governance throughout the full lifecycle of programs; from budgeting to value realization;
• Improve responsiveness to change through better and more timely information so capital and effort can be refocused as required;
• Improve program and project delivery through the use of repeatable processes and best practices;
• Promote efficient and effective communication between stakeholders and controlling bodies.

Government projects and programs impacted by the Program Management solution include infrastructure (transportation, economic development, housing, etc.), public services (police, social services, environment, etc.) and Information Technology (system procurement, development and deployment) at the local, regional or central government level. “Our solution is ideally positioned to support public sector requirements for increased visibility into budget allocations and project outcomes by providing the necessary governance processes and tools,” stated Ternier. “With over a dozen successes in recent months, we have shown that we can offer public sector organizations both a strategic vision on their portfolio of initiatives and programs, and the ability to control the execution without getting bogged down in the details." This industry-driven solution includes pre-configured Artemis 7 software, industry specific processes, work-flows, templates and dash-boards, and packaged services designed to cut down implementation time and costs and reduce risk