Netsmart Technologies Moving to Long Island Business and Technology Center
November 13 2003 - 10:50AM
PR Newswire (US)
Netsmart Technologies Moving to Long Island Business and Technology
Center Netsmart's Move Is Indicative of Growth and Expansion for
Corporation ISLIP, N.Y., Nov. 13 /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 (Creative), today announced that
corporate headquarters will be relocating by December 2003 to the
Long Island Business and Technology Center in Great River, NY.
James Conway, CEO of Netsmart, said, "This move to our new
corporate headquarters is a critical step in our evolution as a
leading information technology solutions provider to the health and
human services marketplace." He continued, "The space at 3500
Sunrise Highway in Great River is expected to provide us with an
ideal platform from where we can further expand our business which
includes services and infrastructure necessary in creating a
community approach with our staff." Netsmart will join such
prominent Long Island Business and Technology Center tenants as
Verizon Communications and Stony Brook University Emerging
Technologies in one of the most high-technology facility in the
region. In addition to its new headquarters, Netsmart will continue
to operate regional offices in Columbus, Ohio; Ann Arbor, MI; and
San Diego, CA. "In line with our solid growth pattern over the past
five years, we have decided to move to a larger, more technology
friendly environment. After a comprehensive search, we choose the
Long Island Business and Technology Center," said Jerry Koop, CEO
of Creative. Koop continued, "With 160 staff and climbing, our
current facility's 17,000 sq. ft. is insufficient. The Great River
facility has over 32,610 sq. ft. dedicated to Netsmart and the
infrastructure has been designed with high-technology companies in
mind." Robert B. Simonson and Arthur R. Stern of CRG Real Estate
Services, LLC, an affiliate of Cogswell Realty Group, LLC,
represented the Long Island Business and Technology Center in the
negotiations. The Long Island Business and Technology Center is a
joint venture of the Rudin Family and Cogswell Realty Group, LLC.
About Netsmart Technologies, Inc. Netsmart Technologies, Inc. of
Islip, N.Y., through its wholly-owned subsidiary 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
of Netsmart Technologies, Inc., 1-800-421-7503, ext. 2026, ; or
Stuart Fine of Carpe DM, Inc., +1-908-490-0075, , for Netsmart
Technologies, Inc. Web site: http://www.netsmartech.com/
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