OPUS>>>>>>>> late pr released last night (COMTEX) B: /C O R R E C T I O N -- Artemis International Corporation B: /C O R R E C T I O N -- Artemis International Corporation/ In LAW025, Artemis Announces Four New Customers, moved Wednesday, May 23, we are advised by a representative of the company that the following should be included at the conclusion of the ninth graph: "Artemis International has signed a definitive agreement to merge with Opus360 Corporation. The transaction is expected to close in the second half of the year." Complete, corrected release follows: Artemis Announces Four New Customers Innovation and Growth Drive Implementation of Project And Resource Collaboration Solutions
BOULDER, Colo., May 23, 2001 /PRNewswire via COMTEX/ -- Artemis International Corporation, a leading provider of project and resource collaboration solutions, today announced four new customer partnerships: USAA, Lockheed Martin, The Vermont Agency of Transportation and FuelCell Energy, Inc. Artemis(R) will implement a combination of project and resource collaboration software products and consulting services to maximize the business performance of these companies by helping them transform their strategies into results.
"With the increasing complexity of technological processes, there is clearly a growing need for effective project and resource collaboration solutions," said Steve Yager, president and CEO of Artemis. "Companies that focus on using such products and services will realize a competitive advantage and will come out on top. These new Artemis customers prove that our solutions continue to lead across industries."
USAA, a worldwide insurance and diversified financial services company, has been at the forefront of the financial services industry for nearly a century. Its 4.3 million members -- including many of the world's largest banks, the military community and individuals -- trade billions of dollars daily. The company facilitates the financial security of its members and associates by providing a full range of highly competitive financial products and services. USAA will implement Artemis solutions to integrate and scale project and resource management applications according to its specific application needs.
Lockheed Martin is a global enterprise engaged in research, design, development, manufacture and integration of advanced technology systems, products and services. The company's core business areas are systems integration, aeronautics, space, technology services and global telecommunications. Lockheed is utilizing Artemis' collaborative tools to streamline business tasks and improve communication between its diverse project teams. By embracing Artemis' Business Management Architecture(TM) for project and resource planning, management and analysis, Lockheed better fulfills its vision of being the world's best systems integrator in aerospace, defense and technology services.
For 25 years, the Vermont Agency of Transportation has been serving a large population of Vermonters and visitors who travel its roads. To maintain its mission of working cooperatively in meeting the need for the movement of people and goods in a safe and cost effective manner, Vermont Transportation has engaged Artemis software to ensure that its projects are completed in both a timely and a cost-effective manner.
FuelCell Energy, a world-recognized leader in the development and commercialization of high efficiency fuel cells for electric power generation, has chosen Artemis' project and resource collaboration solutions to complement its existing systems. The company, based in Danbury, Conn. is known for its Direct FuelCell(R) (DFC(R)) technology, which eliminates external fuel processing to extract hydrogen from a hydrocarbon fuel. Artemis will help FuelCell Energy to enhance its efficiency, simplicity and reliability -- all product advantages for stationary power generation.
"It has become imperative for global enterprises to streamline business processes and implement an integrated workforce management and project management solution to compete in today's Internet-speed environment," said John Baldwin, senior vice president of product management and strategic business for Artemis. "The market for such a total solution as Artemis' Business Management Architecture is substantial and continues to grow. Our company has become a valuable platform, providing senior management with more complete and timely information, and enabling entire organizations to be more nimble."
Artemis is a wholly-owned subsidiary of Finland-based Proha PLC. Artemis has also signed a merger agreement with Opus360 Corporation, which is expected to close later this year. Meanwhile, a distribution agreement executed between Artemis and Opus360 allows Artemis to use its vast distribution channels to promote Opus360's human capital management products.
About Artemis International Corporation
Artemis International is a leading provider of project and resource collaboration solutions. The company's unique Business Management Architecture is the only total solution that maximizes business performance by helping enterprises transform their strategies into results. Artemis' unique combination of integrated and scalable project and resource management software products and consulting services is designed to meet IS/IT, capital program and new product development application needs. Artemis provides strategic portfolio management and project and resource collaboration solutions to thousands of customers worldwide, including Global 2000 companies such as: ABN AMRO Bank N.V., American International Group. Inc., BAE SYSTEMS, The Boeing Company, Deutsche Bank, Ericsson Inc., The Goldman Sachs Group Inc., The Goodyear Tire and Rubber Company, ING Barings, Lockheed Martin, Marconi Plc, Nokia, Pfizer Inc., SBC Communications Inc. and Sun Microsystems Inc. Headquartered in Boulder, Colorado, Artemis operates through its international network of 40 offices in more than 27 countries worldwide. For more information, visit the Artemis Web site at www.artemispm.com. Artemis International has signed a definitive agreement to merge with Opus360 Corporation. The transaction is expected to close in the second half of the year.
About Proha PLC
Proha focuses its IT products on management in the Internet age, including project management, financial management and Internet technologies. The company was listed on the NM-list of the Helsinki Stock Exchange in October 1999. After the listing, the company has grown very rapidly through acquisitions and organic growth in sync with its strategy. The pro forma net turnover of Proha in 2000 is 82.2 million Euros. The Proha Group employs approximately 600 staff in Finland, the United States, Great Britain, France, Germany, Italy, Japan, Korea and Singapore. For more information, visit the Proha Web site at www.proha.com.
Artemis, Views, ProjectView, TrackView, CostView and ActiveAlert are trademarks or registered trademarks of Artemis International Corporation. All other product or company names mentioned are trademarks of their respective owners. Artemis may vary the specification and availability of these products and services without notice.
SOURCE Artemis International Corporation
CONTACT: Bob Monzel of BRW LeGrand, 303-298-8470, bmonzel@brwlegrand.com, for Artemis International Corporation of Proha PLC, +358 (0)20 4362 110, merja.poysti@fi.artemispm.
shhhh Chris... according to Wayne's analysis, the money are now moving from the blue chips to the cheaper stocks to catch the potential run, so the big boys are dropping... maybe Wayne are shorting the hell out of the market LOL
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