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NTST Netsmart Technologies (MM)

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Share Name Share Symbol Market Type
Netsmart Technologies (MM) NASDAQ:NTST NASDAQ Common Stock
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Netsmart Technologies Announces Upgrades by 10 Clients

29/10/2003 3:00pm

PR Newswire (US)


Netsmart (NASDAQ:NTST)
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Netsmart Technologies Announces Upgrades by 10 Clients Upgrade to Avatar Suite of Products Indicative of Product and Technology Strength ISLIP, N.Y., Oct. 29 /PRNewswire-FirstCall/ -- Netsmart Technologies, Inc. , a leading supplier of enterprise-wide software for health and human services providers through its wholly owned subsidiary, Creative Socio-Medics (Creative), today announced that it has signed upgrade contracts with 10 clients with a combined value of approximately $1,250,000. "The move to Avatar is beneficial in many respects. Now these clients will be on a robust thin-client system with the ability to use wireless, mobile, and biometric computing technology. They will also be part of a client base of hundreds of Avatar users that share their best practices, which enhance the effectiveness of the product for all of the users," said James Conway, CEO of Netsmart. The AVATAR suite of products evolved over time within the Health and Human Services Industry. They can be simply described by three factors: Functionality, Technology, and Decision Support. * Functionality - A suite of integrated modules offer enterprise-wide solutions, including: Avatar PM (Core Practice Management), Avatar PH (Public Health), Avatar CWS (our award winning Electronic Medical Record), Avatar MSO (Managed Services Organization), Avatar Methadone (methadone clinic management system), augmented by best-of breed departmental solutions. * Technology - All products are available in current technology deployment options, including: Client/Server, ASP, and Web Portal. * Decision Support - Best practice protocols and decision support clinical content databases are available as product extensions. Such industry standards as the John Wiley & Sons Treatment Planning libraries embedded in our Clinician Workstation provides clinicians with point of service guidelines. All Avatar products are built upon a foundation called Avatar RADplus, a development environment that supports rapid application and content configuration without modifying underlying source code, while updating the database for immediate SQL access. The RADplus tools are easy to use and do not require specific technical or programming skills. The client systems being upgraded will use the RADplus tools to modify screens and tables for their facility's specific workflow. About Netsmart Technologies, Inc. Netsmart Technologies, Inc. of Islip, N.Y., through Creative Socio-Medics, is an established, leading supplier of enterprise-wide software solutions for health and human services providers with over 580 clients, including 26 systems with state agencies. Creative's clients include health and human services organizations: public health agencies, mental health and substance abuse clinics, psychiatric hospitals, and managed care organizations. Avatar Practice Management and the Avatar Clinician Work Station, Creative's core products, are full-featured information systems that operate on a variety of operating systems, hardware platforms, and mobile devices and offer unlimited scalability. Statement on Behalf of Netsmart Technologies, Inc. Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in Netsmart's filings with the Securities and Exchange Commission. In addition, such statements could be affected by risks and uncertainties related to product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates, and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on Netsmart's or Creative's website do not constitute a part of this release. DATASOURCE: Netsmart Technologies, Inc. CONTACT: Ron Marge for for Netsmart Technologies, Inc., 1-800-421-7503, ext. 2026, ; or Stuart Fine of Carpe DM, Inc., +1-908-490-0075, , for Netsmart Technologies, Inc. Web site: http://www.netsmartech.com/

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