Netsmart (NASDAQ:NTST)
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Netsmart Technologies Signs Four Contracts In New Geographic and
Product Areas With a Combined Value of $965,000
Netsmart Expands in New Areas with Four 'Firsts'
GREAT RIVER, N.Y., Aug. 30 /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), the award of four contracts with a total value
of $965,000.
Creative's CEO, Jerry Koop, stated, "As our product offerings continue to
expand and are enhanced, it allows Creative the ability to move more quickly
into new and different markets."
The new contracts cover licensing, services and first-year maintenance of
Creative's Avatar suite of products. The new accounts are as follows:
John T. Mather Community Hospital, Port Jefferson, NY: First contract with a
community hospital with a behavioral department. Purchased Avatar CWS,
Creative's electronic health record.
Community Residences, Arlington, VA: First community mental health center in
Virginia. Purchased Avatar PM and Avatar CWS.
Yellowstone Boys and Girls Ranch, Billings, MT: First account in the State of
Montana. Purchased Avatar PM, Avatar CWS, Avatar MSO, and Infoscriber
e-prescription software.
Washoe County Department of Social Services, Reno, NV: First county contract in
the State of Nevada. Purchased Avatar MSO, management of services operations.
James Conway, CEO of Netsmart, said: "We are proud of our current expansion
into new regions and product areas. These initiatives are key to our continued
success and increased footprint in the behavioral health and social services
market."
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 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, Netsmart Technologies, 1-800-421-7503, ext. 2026,
; Stuart Fine, Carpe DM, Inc., +1-908-490-0075,
Web site: http://www.netsmartech.com/