INFORMATION ON OPUS360 CORPORATION'S SECOND QUARTER REPORT

INFORMATION ON OPUS360 CORPORATION'S SECOND QUARTER REPORT Opus360 has reported its financial results for the first half of 2001. The revenue for the six month period ended June 30, 2001 totaled USD 1.7 million, compared to USD 3.3 million for the same period in 2000. Reported net loss for the period was USD -54.5 million (USD -45.0 million same period 2000). Net loss per share was USD -1.10 (USD -1.48). Gross margin was 53% (64%). The Company's cash position at the end of the second quarter was USD 15.6 million. The information represents the stand-alone operations of Opus360 prior to its combination with Artemis International Corporation. The pro forma financial information for the combined entity of Opus360 and Artemis will be published within the next 60 days. The combination and restructuring process of Opus360 and Artemis has advanced according to the plan. The complete second quarter report of Opus360 may be found on the United States Securities and Exchange Commission (SEC) Internet site www.sec.gov. Proha Plc will publish its own interim report on August 16, 2001. On July 31,2001 Proha and US-based Opus360 Corporation implemented the first step of the share exchange agreement signed in April. Proha now owns 59.75% of the Opus360 share capital. Proha's former subsidiary, Artemis International, and Opus360 have begun the operational combination of their businesses and operate now under the name of Artemis International Solutions Corporation. Opus360 in brief Founded in 1998, Opus360 is a software company traded in US on the OTC Bulletin Board (OTCBB: OPUS). Opus360 provides eBusiness software that enables companies to manage and acquire skilled professionals strategically. Opus360's software enables businesses to get more work done with the employees they have and reduce the cost of acquiring skilled professionals. Artemis International in brief Artemis International is a leading provider of project and resource collaboration solutions to thousands of customers worldwide. Artemis operates through its subsidiaries in United States, Great Britain, France, Japan, Italy, Germany, Singapore and South Korea. Proha in brief Proha is globally operating, growing and profitable software company. Its key business areas are Project Management (Artemis), Financial Management (Accountor), and ASP services based on Internet Technologies (Intellisoft). The pro forma net sales of the Proha Group was EUR 82.2 million in 2000. Over 4/5 of the net sales originates from outside Finland. The Group employs nearly 700 people over 450 of whom work abroad. Proha Plc Pekka Pere President and CEO For more information please contact: CEO Pekka Pere, tel. +358 (0)20 4362000 pekka.pere@proha.com www.proha.com DISTRIBUTION: Helsinki Stock Exchange Major Media ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/08/15/20010815BIT00020/bit0002.doc http://www.waymaker.net/bitonline/2001/08/15/20010815BIT00020/bit0002.pdf