Singapore’s National Institute of Education Implements Artemis IT Management Solution

Artemis Solution to Improve the Accuracy and Speed of the IT Budgeting Process

SINGAPORE, March 22, 2006 - The National Institute of Education of Singapore (NIE) has begun implementing the Artemis 7 IT Management solution in its Academic Computing & Information Services (ACIS) Division. The Artemis 7 solution will be used to improve the accuracy and speed of the IT budgeting processes to bring about better allocation of capital and resources. This will act as the first step in the ACIS’ plan to implement effective and efficient IT management and governance software aimed at contributing to NIE’s drive to be an institute of distinction. “Artemis was selected as it is matches NIE’s present needs. It allows the flexibility for a phased approach for us to achieve our goal of managing ICT resources and projects using technology. This is in tune with the NIE’s business objectives. We see also, the potential in this product in terms of adding value to the ACIS’s strategic direction in holistic ICT Governance”, said Mr. Tan Hoon Chiang, Deputy Divisional Director of the ACIS. “We target to achieve in this preliminary project, an awareness of ICT portfolio management and how the software can be used to enhance the management of the NIE ICT budget with high effectiveness, resulting in quality decisions.” “We are proud to be selected by NIE as their partner in ACIS’s journey towards implementing holistic ICT governance” said Mr. Johnny Tan, President, Artemis International Corporation, Asia. “This selection by NIE further validates that there is a need for flexible IT Management solutions that are easy and fast to implement. We look forward to working successfully with NIE and contributing positively to their success.” The initial phase of implementation will involve the ACIS Administration and a Portal Project Team. This phase of implementation is expected to span three months after which there will be a joint review with Artemis International Corporation to determine further implementation scope. About the National Institute of Education The National Institute of Education (NIE) is the sole teacher training institute in Singapore and an integral part of the nation’s educational system. A part of the Nanyang Technological University, the NIE aims to excel in teacher-education and educational research. Formed in 1991, the NIE offers a variety of Diploma, Degree and Postgraduate courses in education. The Academic Computing & Information Services (ACIS) Division is the internal IT organisation responsible for the NIE’s ICT and information needs. For more information, visit www.nie.edu.sg. About the Artemis 7 IT Management Solution The Artemis 7 IT Management Solution is the easiest-to-implement solution on the market for effective IT Management over both strategy and execution. The solution covers the key areas of demand management, portfolio management and budgeting, project, work and resource management as well as performance and delivery management. Its functions enable users to share with the Business, a common visibility over IT demand and current investments, maintain agility in the allocation of funds and resources to reflect business priorities, and align investment planning with actual execution to ensure business benefits achievement. About Artemis International Solutions Corporation Artemis International Solutions Corporation (OTCBB: AMSI) is the world’s leading provider 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 industry optimized solutions and packaged consulting services that combine to establish an overall planning and control framework encompassing IT management, new product development, public investment management, program management, fleet asset optimization, and detailed project management. With a global network covering 44 countries, Artemis has helped thousands of companies 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 subjected 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.