NTST Netsmart Technologies (MM)

Netsmart Technologies Signs Five Contracts With Combined Value of $1.1 Million With North Carolina Payors and Providers Netsmart continues to execute its plan to implement its Integrated Solutions for North Carolina Managed Care Requirements GREAT RIVER, N.Y., Jan. 5 /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 five contracts with a total value of $1.1 million for Local Management Entities (LME's) for mental health services in North Carolina. These contracts are with Guilford Mental Health, Wilson-Greene and Roanoke-Chowan Mental Health, Southeastern Regional Mental Health, Port Human Services Methadone Treatment and Life Incorporated and are to be performed over a 1-year period. The contracts cover the license, service and maintenance of Creative's Avatar ensemble of products and value-added web-based ASP products in a multi-tiered delivery environment. Netsmart management reports, "The CareLink product, is an integral component of the North Carolina system solution and has been adapted to meet the dynamic compliance requirements of the North Carolina market. We believe that our state-specific product the web-based CareLink platform and ASP deployment model have brought us to this point in North Carolina." Creative now has 10 LME's under contract representing more than 30 percent of the counties in North Carolina. Each LME is responsible for authorizing treatment, monitoring outcomes, and billing state governed funds, including Medicaid, through an Integrated Payment and Reporting System. Creative's HIPAA compliant integrated Avatar MSO and CareLink solution, is designed to enable the LME to seamlessly communicate with its contract provider network, manage enrollments, authorizations and complete the claims process. 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 websites 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 of Carpe DM, Inc., +1-908-490-0075, , for Netsmart Technologies, Inc. Web site: http://www.netsmartech.com/

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