Artemis Unveils Enhanced New Product Development Solution

New Features and Functionality Critical for PLM Initiatives

NEWPORT BEACH, CA – June 28, 2005 - Artemis International Solutions Corporation (OTCBB: AMSI), global provider of Investment Planning and Control™ software, today unveiled an enhanced New Product Development solution that fills a critical gap in the fast-growing market for Product Lifecycle Management (PLM) tools. With the latest release of Artemis for New Product Development, customers have instant access to a host of new features that dramatically improve strategic and financial control of their new product development and launch process. The new product is immediately available. “This new version of Artemis for NPD provides unique, comprehensive and integrated Product Portfolio Management, Lifecycle Management, Financial Management, Idea Management and Project and Resource Management, critical components of any successful PLM initiative.” said Patrick Ternier, president and CEO for Artemis. “Our focused solution for New Product Development integrates features and functionality that deliver unparalleled flexibility for new product development organizations in industries such as high-technology manufacturing, pharmaceuticals, medical devices and bio-technology.” Speed, Efficiency, Agility and Leadership
Speed, efficiency, agility and leadership are critical elements of any competitive and successful business. Artemis for NPD introduces a whole host of new features that:

• Automate and streamline cross-functional product development and introduction processes, like stage-gate, for a reduction in process latency and an overall faster time to value for new products
• Allow for immediate re-allocation of resources across competing product development processes
• Enable rapid evaluation and selection of alternate product pipeline and development options
• Assist in the objective selection, prioritization and sequencing of products for maximum value and competitive advantage

"Current tools dominating the NPDI process are low-cost, low-function personal productivity tools like spreadsheets, project management, and word processing,” said Kevin O’Marah, vice president of research for AMR Research, in a report titled Microsoft is the No. 1 Vendor in NPDI, But Not For Long, published in September 2004. “User groups, from Research and Development (R&D) through engineering and marketing, are beginning to define what they need to improve NPDI, and it isn’t MS Office.” Artemis for NPD
Built on the Artemis 7 foundation, Artemis for NPD integrates a myriad of new features and functionality, which can compliment or replace disparate tools such as spreadsheets, ad-hoc databases and stand-alone project management tools. The inclusion of a fully-functional project management module, allows users to perform all project management functions from within Artemis. While still offering support for third-party desktop productivity tools such as Microsoft Project®, the extensive new project planning and scheduling capabilities give customers the ability to capture and manage that data within Artemis. Specific capabilities included in Advanced Planning are real-time critical-path, resource and risk analysis for single or multiple project plans, giving managers the utmost in flexibility when managing complex project and product schedules within portfolios of any size. Enhanced time reporting improvements enable tight alignment between time capture, reporting and billing processes. New to Artemis for NPD is the Idea Management module, which addresses the critical need for integrated customer needs management and product ideation within the overall product lifecycle management process. The Idea Management module captures, manages and routes multiple idea/request types. Each type of idea/request can have a unique workflow process that is defined and navigated via a graphical workflow interface. Enterprise Repository
In addition to support for IBM’s Websphere, Artemis 7 version 6.1 for NPD includes support for Oracle, SQL Server and IBM’s DB2 relational database. This gives users the flexibility to consolidate all product information, while also integrating with existing enterprise information systems. Pricing and Availability
Available immediately, Artemis for NPD will include training materials on all new functionality

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.