SEC Company Response from ARTEMIS INTERNATIONAL SOLUTIONS CORP (CIK 0001099674) — Jul 27, 2005
ARTEMIS INTERNATIONAL SOLUTIONS CORP (CIK 0001099674)
Date: July 27, 2005 · CIK: 0001099674 · Accession: 0000950120-05-000557
AI Filing Summary & Sentiment
File numbers found in text: 333-117486
Referenced dates: July 19, 2005
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THELEN REID & PRIEST LLP
Attorneys at Law
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875 Third Avenue
New York, NY 10022-6225
Tel. 212.603.2000
Fax 212.603.2001
www.thelenreid.com
July 27, 2005
Division of Corporation Finance
U.S. Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Attention: Mr. Mark P. Shuman
RE: ARTEMIS INTERNATIONAL SOLUTIONS CORPORATION
POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-1
FILE NO. 333-117486
FORM 10-K FOR THE YEAR ENDED DECEMBER 31,2004
FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2005
FILE NO. 0-29793
Ladies and Gentlemen:
Transmitted herewith is the response of Artemis International Solutions
Corporation (the "Company") to the comments made in your letter dated July 19,
2005 to Robert S. Stefanovich, CFO of the Company. Your comments and the
Company's response are set forth below.
Form 10-K for the year ended December 31, 2004
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Item 9A. Controls and Procedures
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1. You state that an internal control system "can provide only
reasonable, not absolute, assurance that the objectives of the control
system are met." In your response letter, tell us whether your
disclosure controls and procedures are designed to provide reasonable
assurance of achieving their objectives and whether your chief
executive officer and chief financial officer concluded that your
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July 27, 2005
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disclosure controls and procedures are effective at that reasonable
assurance level. Please refer to Section II.F.4 of Release No. 33-8238
for additional guidance.
RESPONSE:
The Company has confirmed that its disclosure controls and procedures are
designed to provide reasonable assurance of achieving their objectives. The
Company has also confirmed that the chief executive officer and chief
financial officer have concluded the Company's disclosure controls and
procedures are effective at that reasonable assurance level.
2. We note that you evaluated the effectiveness of your disclosure
controls and procedures as of a date within 90 days prior to the
filing of your report. The evaluation of your disclosure controls and
procedures pursuant to Rule 13a-15(b) under the Exchange Act is to be
made as of the end of each fiscal quarter. Please advise us whether
your disclosure controls and procedures were effective as of December
31, 2004 and, with respect to your subsequent periodic filing, March
31, 2005.
RESPONSE:
The Company has confirmed that its disclosure controls and procedures were
effective as of December 31, 2004 and with respect to the subsequent
periodic filing as of March 31, 2005.
3. Your disclosure with respect to any changes in your internal control
over financial reporting does not meet the requirements of Item 308(c)
of Regulation S-K. For example, your disclosure states that "there
were no significant changes made in [y]our internal controls over
financial reporting." Item 308 requires the disclosure of any change
that occurred during the quarter that has materially affected, or is
reasonably likely to materially affect, your internal control. Please
confirm that for the quarter ended December 31, 2004 there were no
changes in your internal control over financial reporting that
occurred during the quarter that materially affected, or were
reasonably likely to materially affect, your internal, control over
financial reporting. This comment also applies to your subsequent
periodic filing. Please see Item 308(c) and Release No. 33-8238 for
additional guidance.
RESPONSE:
The Company has confirmed that for the quarters ended December 31, 2004 and
March 31, 2005, there were no changes in its internal control over
financial reporting that occurred during the respective quarters that
materially affected, or were reasonably likely to materially affect the
Company's internal control over financial reporting.
4. Please confirm that you will note the foregoing comments when
preparing your periodic filings.
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July 27, 2005
Page 3
RESPONSE:
The Company has confirmed that it will note the foregoing comments when
preparing its periodic filings.
THELEN REID & PRIEST LLP
Counsel for Artemis International
Solutions Corporation
By:/s/ Harvey K. Newkirk
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Harvey K. Newkirk, Esq.
cc: Robert S. Stefanovich
Charles Savoni, Esq.
Artemis International Solutions Corporation
Robert S. Matlin, Esq.
Thelen Reid & Priest LLP
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