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Netsmart Technologies Signs Multiyear Contract With Leading
Psychiatric Hospital
Netsmart Is Awarded Butler Hospital Contract
GREAT RIVER, N.Y., Jan. 21 /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 that Creative has been awarded a
contract with Butler Hospital of Providence, Rhode Island. The first year value
is $380,000 and the value of years two through five is a total of $239,000.
The contract covers licensing, services and 24 by 7 maintenance of Creative's
Avatar ensemble of products.
James Gargiulo, Creative's Senior Vice President of Marketing said, "The Butler
award is in-line with our strategic plan to grow our base of National
Association of Psychiatric Health Systems (NAPHS) clients. Butler joins the
growing list of our Company's NAPHS members, including North Shore Hillside
Hospital, Saint Vincents Catholic Medical Centers, The Retreat of Brattleboro,
and The Ridgeview Institute."
Butler Hospital, a Care New England facility, is the only private, nonprofit
adult, adolescent and child psychiatric and substance abuse hospital in Rhode
Island. It provides assessment and treatment of all major psychiatric illnesses
and substance abuse.
Recognized as a national leader in the development of short-term, managed care
services, Butler has a reputation for providing the best care available to
patients. Butler is affiliated with the Brown Medical School and is the
flagship for the department of psychiatry that has been recognized by its peers
as one of the top ten in the United States.
Butler has been named by US News & World Report, 2003 as one of the top 30
psychiatric hospitals in the United States.
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: Netsmart Technologies - Ron Marge, 1-800-421-7503, ext. 2026,
; or Stuart Fine, Carpe DM, Inc., +1-908-490-0075,
, for Netsmart Technologies, Inc.
Web site: http://www.netsmartech.com/