ARTEMIS ANNOUNCES THIRD QUARTER 2004 FINANCIAL RESULTS

New major customers demonstrate gaining momentum of Company’s solutions offering; Artemis expects positive operating results for fourth quarter of 2004

NEWPORT BEACH, Calif., November 10, 2004 – Artemis International Solutions Corporation (OTCBB: AMSI), the leading provider of Investment Planning and Control solutions, today reported its financial results for the third quarter ended September 30, 2004. Artemis reported $11.0 million in total revenue for the third quarter ended September 30, 2004, with software license revenue of $2.4 million, at a level comparable to the third quarter of 2003. Software and support revenue increased to 60.7 percent of total revenue, compared to 50.5 percent in the same quarter of 2003. The Company reported operating results, excluding amortization expense and restructuring charges, of $(0.8) million, compared to $(1.6) million for the third quarter of 2003. The operating loss for last year excludes the positive impact of $1.0 million in non-Artemis services revenue that had been previously deferred. On a US GAAP basis the company’s net income for the third quarter reported a net loss of $(3.0) million, or $(0.30) per common share, including amortization expense of $1.0 million and restructuring charges of $0.7 million. This compares to a net loss of $(1.4) million, or $(0.14) per common share for the third quarter of 2003. Patrick Ternier, president and CEO of Artemis International said “Our move toward higher margin revenue sources continues with now more than 60 percent of our sales coming from software and support, and more than one-third of our license sales coming from Artemis 7-based Investment Planning & Control solutions. Executives are looking for better ways to oversee their whole investment mix to improve alignment of business objectives with budgets and execute strategy more effectively. Increasingly we are seeing them choose Artemis to help them achieve these objectives". Artemis also reports success for its industry optimized solutions approach through the addition of major new customers, including :   - IT Management and Governance: American International Group, AXA, Crédit du Nord, Euriware, HSH Nordbank, Promina Insurance Group, GAD, TJX companies, Total.   - New Product Development: Alcatel Business Systems, CSK Japan, McData, Nokia, TDC Norway, Sara Lee Branded Apparel.   - Public Investment Management: Brisbaine City Council, Conseil du Trésor, Italian Ministery of Economy & Finance (SOGEI), Jiangsu Provincial Communication Division.   - Fleet Asset Optimization: Exelon Nuclear, General Electric Oil and Gas   - Aerospace & Defense Program Management: Bath Iron Works, Lockheed Martin Space. Business Outlook
Artemis expects a positive operating margin for the fourth quarter of 2004 based on the forecasted growth in software revenue coupled with cost savings from recent restructuring actions.

Consolidated Financial Highlights (unaudited)

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.