ARTEMIS REPORTS FIRST QUARTER 2005 FINANCIAL RESULTS

Artemis 7 Sales Increase by 120%, Positive Cash Flow from Operations

NEWPORT BEACH, Calif., May 11, 2005 – Artemis International Solutions Corporation (OTCBB: AMSI), a leading provider of Investment Planning and ControlTM solutions, today reported its financial results for the first quarter ended March 31, 2005. Artemis reported $12.0 million in total revenue for the first quarter ended March 31, 2005, with software license revenue of $2.8 million, at levels comparable to the first quarter of 2004. Software license and support revenue increased to 59.9% of total revenue, compared to 52.8% in the same quarter of 2004. The Company’s flagship product, Artemis 7, grew by 120% and represented 60.3% of total software license revenue, compared to 27.7% for the first quarter of 2004. The Company reported a non-GAAP loss of $(0.6) million, or $(0.06) per common share, for the first quarter of 2005, compared to a non-GAAP loss of $(1.6) million, or $(0.16) per common share, in the first quarter of 2004. Non-GAAP loss for the first quarter of 2005 excludes $0.6 million in amortization expenses, while non-GAAP loss for the first quarter of 2004 excluded $1.0 million in amortization expenses and $1.2 million in restructuring charges. On a US GAAP basis, the Company’s net loss for the first quarter of 2005 was $(1.3) million, or $(0.12) per common share. This compares to a net loss of $(3.9) million, or $(0.39) per common share, for the first quarter of 2004. “Sales generated by our strategic platform, Artemis 7, continue to grow strongly, our margins are improving and we are generating positive cash flow from operations,” said Patrick Ternier, President and CEO of Artemis. “We are pleased that the strategy we implemented in 2004 to restructure the company and focus our global sales teams on well-defined solutions is beginning to bear fruit and believe it will continue to lead to growth in Artemis 7 as well as improved profitability and cash flow. As indicated in our Q4 earnings call, we remain optimistic about the outlook for the first half of the year,” Ternier added. “As a leaner and more focused company, Artemis is well positioned to capture its fair share of the growing market for project portfolio management solutions.” During the quarter, Artemis continued to add significant new customers for its solutions in the Americas, Europe, Asia Pacific, and Japan, including:

• New Product Development: Cummins, LG Micron, Toyota Techno Service, Denso, Shionogi Pharma, Siemens, Saab
• IT Management and Governance: Pfizer, AIU, Singapore Immigration Custom authority, Atos Origin Integration, La Poste DIAQ, Ministere des Transports du Québec, INAIL, ISBAN, Sogei (Agenzia della Entrate)
• Public Investment Management: Metropolitan Police Property Services.
• Strategic Asset Optimization: Tuas Power Pte Ltd
• Aerospace and Defense Program Management: BAE Systems – Avionics, BAE Systems – Submarines

Artemis has scheduled a conference call to discuss the Q1 2005 results today, Wednesday, May 11, 2005 at 4:30 PM (EST). Dial (877) 246-9127 or (206) 902-3257. For those unable to participate, there will be a telephonic replay available from May 11, 2005 at 5:30 PM (EST), through June 10, 2005 11:59 PM (EST). Dial: (800) 207-7077 or (913) 383-5767. Enter PIN: 4140.

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.