ARTEMIS ACHIEVES “CHALLENGER” STATUS FROM META GROUP IN PORTFOLIO MANAGEMENT TOOLS MARKET EVALUATION

METAspectrum Evaluation Recognizes Artemis’ Significant Advances in Portfolio Analysis Capabilities – One Component of its Integrated Suite of Investment Planning and Control Solutions

NEWPORT BEACH, Calif., June 2nd, 2004 – Artemis International Solutions Corporation (OTCBB: AMSI), a leading global provider of enterprise portfolio, project and resource management software solutions, today announced that it has been ranked as a market “challenger” in META Group’s recently released METAspectrum for portfolio management tools. The METAspectrum evaluation recognizes Artemis’ advances in portfolio analysis capabilities – a part of its integrated investment planning and control solutions for IT Management, Pharmaceutical New Product Development, Public Investment Management and Fleet Asset Optimization. META Group (Nasdaq: METG) is a leading research and consulting firm that focuses on information technology and business transformation strategies. Portfolio Management Tools are used to uncover critical, long-term opportunities, track and assess current business/investment positions, or serve as a controlled, consistent backup for decision modeling and making. METAspectrum enables IT professionals to view critical market success factors and vendor positioning. Artemis was positioned in the “challenger” segment of the METAspectrum analysis, and was specifically recognized for their strength in pure portfolio analysis functionality, which is one aspect of the company’s complete Investment Planning & Control solutions that also includes financial planning and budgeting, program and project management, work execution and collaboration. “As evidenced by this report from the META Group, our portfolio analysis capabilities are highly competitive, and this is a key component to any investment planning and control solution,” said Patrick Ternier, Artemis CEO. “For companies looking for enterprise-wide investment planning and control solutions, a high ranking in this category is critical, however, it is only one piece of a full solution that addresses multiple criteria. Our full suite of solutions are customized to the various needs of a number of vertical industries that require the ability to better plan investments, measure results and quantify risks.” 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. Artemis helps organizations execute strategy through effective portfolio and project management to improve their business performance through better alignment of strategy, investment planning and project execution. Artemis has recently announced customized portfolio management solutions for the pharmaceutical and energy industries as well as state/local and federal government agencies. “This report evaluates performance and presence for pure portfolio analysis capabilities, however companies should consider their other requirements for investment planning and control with regard to Artemis’ wider approach,” said Doug Lynn, vice president, META Group. “The relative large size of Artemis makes it one of the companies most capable of driving this market to a larger dimension.” “We developed METAspectrum to enable IT professionals to quickly evaluate vendors based on their ability to deliver on the presence and performance criteria that matter most in a given market,” said Corey Ferengul, senior program director, META Group. “Well-defined services and high-levels of customer satisfaction are key in this space.”

METAspectrum evaluations from META Group (Nasdaq: METG) provide IT professionals with a view into critical market success factors and vendor positioning. METAspectrum delivers comprehensive evaluations of both technology markets and vendor product offerings. There are multiple market evaluations planned for release in 2003 and beyond. METAspectrum evaluations are updated quarterly, biannually, or annually, depending on the characteristics of individual markets. To view completed market evaluations, or learn more about the METAspectrum methodology, visit METAgroup. METAspectrum market evaluations and results are the sole property of META Group, Inc. and are Copyright © 2002 META Group, Inc. All rights reserved. Permission to use the results requires prior written approval from META Group, and should not be deemed an endorsement of any company of product.

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.