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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 Signs Multiyear Contract With Leading Psychiatric Hospital

21/01/2005 2:00pm

PR Newswire (US)


Netsmart (NASDAQ:NTST)
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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/

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