Netsmart (NASDAQ:NTST)
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Netsmart Technologies Signs New California Contract With Value of $550,000
Netsmart Will Implement Its Avatar Suite of Products to The Sycamores of
Pasadena
GREAT RIVER, N.Y., March 19 /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
Corp. (Creative), today announced that Creative has been awarded a contract in
California by The Sycamores of Pasadena for a total value of $550,000. The
contracts include software licenses, professional services, and first-year
maintenance agreements to install Creative's Avatar suite of human services
software, including practice management and electronic medicalrecords.
Kathie Clayton, VP of Operations and CFO of The Sycamores stated: "The Sycamores
is pleased to have selected Creative Socio-Medics to provide a comprehensive
information system solution for our programs. We went to great efforts in our
selection process and are certain that Creative offers the most complete product
solution and support services in meeting our Information System needs. In
addition, we strongly believe that Creative, as a partner with The Sycamores,
will be pivotal to the success of our endeavor to provide comprehensive
automation and client tracking to support all of our child and family services
programs, as we are a leading outsource agency for Los Angeles County Mental
Health."
Jerry Koop, CEO of Creative said: "We welcome The Sycamores to our growing
customer base in California. Currently, we have over 40 clients in California,
including 11 counties and 30 provider agencies." Koop continued: "We are
particularly proud of our recent ranking in the top percentile of the rigorous
27-county California Behavioral Systems consortium, sponsored by the California
Institute of Mental Health, which reviewed all aspects of software functionality
and corporate capabilities for over 100 of the nation's leading IT
organizations."
For more than 100 years, The Sycamores has been helping children and families to
help themselves. From intensely-structured residential treatment services to
foster care, adoption and in-home services, The Sycamores offers a comprehensive
range of family-centered, social, educational, preventive and behavioral health
programs that encourage children, adults and their families to lead stable,
independent and productive lives.
Through the years, The Sycamores has reunited families torn apart by drug abuse,
nurtured hope in children who have been abused and neglected, and provided
adoptive parents with the support they need to succeed. Every year, the agency
helps more than one thousand children and families.
The Sycamores continues to identify and respond to the ever-changing needs of
children and families within the community. From its beginnings as Pasadena's
first orphanage, The Sycamores has evolved into a multi-service agency that
reaches out to people on many fronts. With more than a century of service behind
it, The Sycamores stay true to its mission while continuing to expand the
original vision of founder, Fannie Rowland.
James Conway, CEO of Netsmart Technologies stated: "We anticipate that the
California human services market will begin to open up new opportunities for the
Company. To be selected by The Sycamores is another positive sign for the
roll-out of the Avatar suite of products in California."
About Netsmart Technologies, Inc.
Netsmart Technologies, Inc. of Great River, 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 25 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, identifyforward-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, Inc., +1-908-490-0075, or
Web site: http://www.netsmartech.com/