Netsmart Technologies Signs Four Contracts In New Geographic and Product Areas With a Combined Value of $965,000
August 30 2004 - 4:04PM
PR Newswire (US)
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/
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