ARTEMIS REPORTS MORE SUCCESS FOR INVESTMENT PLANNING and CONTROL SOLUTIONS in ASIA PACIFIC

Newport Beach, Calif., May 18, 2004. Artemis announces the continuing expansion of its business in the Asia Pacific region with a series of recent successes across different industry sectors. POSCO, South Korea, the world’s biggest steel mill company has chosen to implement the Artemis investment management and control solution to initially manage both IT and Process Innovation investment projects. The next stage will extend the use of the Artemis solution to other areas including Facilities management and R&D projects, thereby becoming a complete enterprise solution. Other recent customers include Sambo Computer Co., the second largest PC manufacturing company (Desktop, Notebooks) in South Korea, with a significant export activity to the US and European markets.  Sambo run their R&D center in Korea with 250 people, whereas factories are located in China and South America. Artemis 7 will be used for project management in the R&D Center and will interface to SAP/R3 to address the management requirements of a typical portfolio of over 100 projects. Sapura Telecommunications Berhad, Malaysia is a leading publicly listed technology based company in Malaysia employing some 2200 people, and focusing on the domestic and global telecommunications, IT, automotive, defense and energy markets.  Sapura is a fast growing company that has seen a very significant increase in the number new projects over recent years, with the associated challenges that this represents. A 400 user Artemis 7 solution will be deployed to manage an extensive portfolio of revenue earning Telecommunications and IT projects. Patrick Ternier, President and CEO of Artemis stated "Our historical presence and leadership in Asia, associated with local language support for our solutions is paying dividends. The economic growth in Asia and Pacific is creating a strong demand for a better management of investments and projects, and with our knowledge of local market requirements, we are ideally positioned to establish Artemis as the reference for investment planning and control solutions.” To sustain this growth and exploit the full potential of the Region, Artemis has recently set up a direct representative office in Shanghai, and appointed 7 new partners within China. Additional partners have also been established in Malaysia and India.

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. 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.