Netsmart Technologies Signs Multiyear Contract With Leading Psychiatric Hospital
January 21 2005 - 9:00AM
PR Newswire (US)
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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