ARTEMIS ASSISTS STATE AGENCIES TO IMPROVE THEIR CAPITAL PLANNING PROCESSES AND ABILITY TO FUND MORE SERVICES

IT Portfolio Management Solution Helps State Agencies Thrive in a Tight Budget Environment

NEWPORT BEACH, Calif., March 10, 2004 – In the face of a tight budget environment and costly Capital Planning and Investment Control (CPIC) process, Artemis International Solutions Corporation (OTCBB: AMSI) announced the release of its State and Local IT Portfolio Management solution to assist departments and associated agencies with automating their capital planning processes, improving the way they manage IT investments and increasing their ability to fund more services. State agencies, challenged to maintain service levels amid historic budget shortfalls, can now do so by strategically allocating their sparse funds. Artemis enables this by:

• Organizing a disorganized state CPIC process
• Bringing clear visibility into what is spent where
• Clearly identifying duplication of investment and opportunities to leverage existing, on-going work that wouldn’t be visible without the solution

State Budget Dilemma – Disorganized, Ineffective CPIC Process
In today’s restrictive economic times, state and local governments face challenges in effectively managing their IT investments. A hodgepodge of incompatible home grown applications dominates state governments, making effective IT planning nearly impossible. That, coupled with a disorganized, ineffective and drawn-out CPIC process, has left state agencies in need of a way to streamline their investment and capital planning processes. “Although there is some form of capital planning and investment management process within every state, most states want to improve their current processes in the face of very tight economic conditions and desire to get more results with less funds and limited resources,” said Greg Schottland, government solutions manager at Artemis. “Agencies no longer have to settle for getting by when they can thrive. Our State and Local IT Portfolio Management solution provides visibility into resources and priorities to maximize an agency’s ability to fund greater services with significantly less effort.” The IT Portfolio Management Solution for State & Local and Agencies
The U.S. State and Local IT Portfolio Management solution enables states and municipalities to get a clear picture of their existing IT investments and provides an infrastructure to enable effective selection of new IT investments along with real-time, day-to-day monitoring of events, to help assure consistent direction and performance over time. The solution comes ready to deploy, with a variety of standard investment management methodologies pre-built and ready for use. Using the Artemis State and Local IT Portfolio Management solution, agencies are able to:

• Get a clear picture of all funded IT investments and their current status
• Track and manage IT contracts and assets effectively
• Perform resource, budget management and capacity planning
• Automate, streamline and simplify the creation and submission of business cases and associated funding requests for budgeting evaluation and approval
• Ensure alignment between the goals of individual agencies, the state and the Governor
• Provide scoring, ranking and selection of potential new investments based on characteristics of their business cases; such as alignment with state goals, risk profiles, contribution to citizen services, etc.
• Improve IT investment oversight to ensure a more reliable outcome

Implementation and support services round out the solution, providing state and local governments with a quick start and insured successful deployment. State government finance departments, agency directors and CIOs will now be able to intelligently inventory and maintain a portfolio of investments that are aligned with state IT goals and initiatives with the Artemis State and Local IT Portfolio Management solution.

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.