ARTEMIS ADDRESSES PUBLIC SECTOR GOVERNANCE REQUIREMENTS WITH PORTFOLIO, PROJECT AND RESOURCE MANAGEMENT SOLUTIONS

European Public Sector Organizations Utilize Top-Down Approach to Improve Alignment of Investments with Objectives, Provide Financial Visibility, and Manage Project Execution

NEWPORT BEACH, Calif., March 18, 2004 – European government agencies, and their counterparts worldwide, are looking to software solutions to ease the operational demands of providing increased services to citizens, greater security, effective interaction with all stakeholders, and a transparent, streamlined governance process. Portfolio management solutions designed to foster efficient collaboration and allow projects and initiatives to be examined in terms of potential return on investment, resource allocation, and impact on other projects throughout the organization, are enabling managers to align objectives and priorities. France’s Urban Community of Dunkirk is one example of a regional public agency that has looked to Artemis International Solutions Corporation (OTCBB: AMSI) for their public sector portfolio and project management solution. Responsible for the streets, transportation, housing units and education for 19 towns, this agency has turned to Artemis to provide accountability and visibility into initiatives undertaken using public funds. The public sector solution includes three key elements: :

• Strategic management provides executive dashboards on projects and actions, political, contractual, and territorial analysis, and the ability to realign and prioritize;
• Project management provides project and operational control, general review and reporting by department/service;
• Financial management provides budget planning, phasing and prioritization management and cost-driven execution control

Artemis’ public sector solution enables 70 users at this public agency to achieve a strategic vision of their projects and activities and maintain control of their $200 million budget.
Similarly, the Urban Community of Bordeaux in France, which is rolling out Artemis’ public sector portfolio and project management solution to 350 users, is managing its investment budget to correspond with public objectives and policies. With a top-line goal of improving communications, risk and planning practices and effective resource management, the regional public agency aims to ensure alignment of the objectives and priorities of towns with the actual allocation of funds and resources.
According to Patrick Ternier, Artemis president and CEO, public sector organizations are under tremendous pressure to maximize the value they provide with limited funds and are at the same time being asked to provide efficient, consistent and transparent governance. Patrick Ternier explained, "Accountability to internal management and the public they serve has elevated the need for portfolio management software which provides a top-down management framework for visibility, predictability, and decision support."
Reporting to the Department of Trade and Industry in the UK, the Regional Development Agencies (RDA) are charged with furthering economic development and regeneration, promoting business efficiency, competitiveness and employment, and enhancing development and application of employment skills. In total, there are eight RDAs and each is accountable to Parliament yet remains autonomous. The challenge for these agencies was to find a common solution that would enable effective governance through the consistent use of their project appraisal and approval process. In addition, clear forecasting and measurement of agency outputs, monitoring where funds are being applied, and the ability to predict future expenditures to ensure funds are requested and available from the government. The scalability of Artemis’ public sector solution to address geographically distributed locations along with its web-based software modules and the ability to integrate with other existing systems provides for a viable and highly effective solution for the RDA to meet the requirements of legislative compliance and public performance goals.
In Italy, new legislation was passed to ensure that infrastructure projects of national interest are guaranteed an approval cycle within a limited timeframe. With more than 100 such projects, worth 125 billion Euros ($149 billion U.S.) over a 10-year period, the Ministry of Infrastructure and Transportation (MIT) sought a system that offered a consolidated view of all investments and a repository for project information that would be shared with multiple stakeholders from local authorities to the ministry level. The Artemis solution has been deployed by the MIT and has become the de-facto monitoring system offering alerts on incoming approval events and funding needs which require action; rapid status analysis on project schedules, financials and performance; aggregation of financial needs for government entities; flexible views into available sources of financing for initiatives; and the ability to monitor the progress of projects. This solution provides a governance and assurance framework to the Ministry allowing them to comply with legislative objectives and focus on ensuring the success of major impact projects.
These four organizations demonstrate how companies can gain control through their leadership in adopting technology solutions and new methodologies, commented Patrick Ternier. "Whether the objective is corporate governance or public service, it comes down to accountability and we believe that each of these organizations sets an excellent example for all."

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.