ARTEMIS ANNOUNCES NEW LEADING INTEGRATED COST & SCHEDULE SOLUTION

Artemis Views 7.3 Delivers New Capabilities for Complex Integrated Cost/Schedule Management and EVMS Compliance

NEWPORT BEACH, CA – January 17, 2006 – Artemis International Solutions Corporation (OTCBB: AMSI), a global provider of Investment Planning and Control™ solutions, announces the availability of the latest release of Artemis Views, its leading integrated cost and schedule solution for managing programs that require integrated project scheduling and earned value management. “Large Department of Defense (DOD) programs, whether they are cost or schedule driven, require a much tighter cost and schedule integration, to support both the intent of today’s earned value management requirements and facilitate the successful execution of these complex programs,” said Patrick Ternier, CEO and president of Artemis International Solutions Corporation. “With this latest release of Artemis Views, our customers have the most advanced and scalable solution available for managing all programs and complying with today’s EVMS requirements.” Key enhancements available in Artemis Views 7.3 include:

• Three-point estimating techniques to further support the DOD Integrated Master Plan (IMP)/ Integrated Master Schedule (IMS) risk assessments and corrective action planning;
• Multiple Schedule Views providing different views of the schedule for updating the IMP/IMS schedule, the master schedule, the subcontractors plan, or the Control Account Managers (CAM) monthly update;
• Fiscal period estimate-to-complete (ETC) planning is now available in the scheduling view, allowing CAMs to update both schedules and accurate estimate at complete (EACs) at the same time;
• Advanced cost/schedule integration allowing organizations to review, analyze and compare the results of the schedule changes and what-ifs, in a fully priced, fiscal time-phased view, before committing the changes to the baseline or EAC and capability to translate these into alternate cost plans, in the same project database

“Artemis Views 7.3 delivers specific capabilities requested by many of our Integrated Cost and Schedule clients throughout the world to support the growing maturity of their EVM process management and reporting needs,” said Bob McCowan, senior vice president, Artemis International Solutions Corporation. One of these clients, Lockheed has thousands of Artemis users deployed throughout the United States to support their program management and Earned Value reporting requirements. The Artemis solution can be found in many business areas supporting small contracts to multi billion dollar programs, from aircraft and satellite development, missile system development as well as specialized integrated software solution programs. Many of the programs Lockheed has won present unique contract teaming and EVMS requirements. Artemis has proven very flexible, and has been able to scale to the level of complexity each program has presented, supporting both prime and sub-contract requirements. “EVM systems that contain frequently updated data, use a Web architecture, and blend a scheduler, an EVM engine, and analysis tools do the best job of notifying decision-makers of critical project variances in time to implement corrective action,” said Michael Burkett, research director for AMR Research, in a 2002 report entitled Revamping Earned Value Management Reporting To Increase Profit. New Artemis Integrated Cost & Schedule Organization Artemis also announced the formation of a new IC&S organization dedicated to the development and marketing of its Integrated Cost & Schedule solutions. Reporting to Bob McCowan, senior vice president, the team is headed by John Paul, IC&S solution director; Ron Smith, IC&S consulting director; Leo Rodriguez, IC&S technical director; Steve Rice, IC&S sales director; and Steve McAllister and Anne Jensen providing IC&S support and account management.

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.