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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
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
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Netsmart Technologies Signs Contract With Project Rehab of Grand Rapids, Michigan

20/05/2005 4:12pm

PR Newswire (US)


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Netsmart Technologies Signs Contract With Project Rehab of Grand Rapids, Michigan Netsmart Continues to Move Forward Executing Its Plan to Implement Its Integrated Solutions for Michigan GREAT RIVER, N.Y., May 20 /PRNewswire-FirstCall/ -- Netsmart Technologies, Inc. (NASDAQ:NTST), a leading supplier of enterprise-wide software for health and human services providers through its wholly owned subsidiary, Creative Socio-Medics Corp. (Creative), today announced today that Creative has been awarded a one year contract with a total value of $260,000 for Project Rehab of Grand Rapids to implement its Avatar solution for Michigan. James Gargiulo, Senior Vice President of Creative, said in a statement: "We believe that our state-specific productline and superior implementation services have positioned us for continued growth in Michigan." Project Rehab is a not-for-profit corporation that offers the community a wide variety of behavioral health programs in a seamless continuum of service. Wellness and Prevention Services offer broad-based programs to encourage healthy lifestyles. Project Rehab's employee Assistance Center acts as a "gatekeeper" for behavioral health services for employers and managed care health insurance agencies. For those needing personal or family counseling, Outpatient Treatment services are available for all ages. Those with more severe problems are admitted into Project Rehab's Residential Services programs. About Netsmart Technologies, Inc. Netsmart Technologies, Inc. of Great River, NY, through Creative Socio- Medics, is an established, leading supplier of enterprise-wide software solutions for health and human services providers with over 600 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 of Netsmart Technologies, +1-800-421-7503, ext. 2026, or ; or Stuart Fine of Carpe DM, +1-908-490-0075, or Web site: http://www.netsmartech.com/

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