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Strategies & Market Trends : NTST Netsmart Technologies, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Andre Daedone who wrote (124)	5/26/1998 3:28:00 PM
From: Adivino	Read Replies (1) \| Respond to of 241

For everyone's info: Tuesday May 26, 11:45 am Eastern Time Company Press Release SOURCE: Netsmart Technologies, Inc. Netsmart Technologies, Inc. Reported First Quarter Results ISLIP, N.Y., May 26 /PRNewswire/ -- Netsmart Technologies, Inc. (Nasdaq: NTST - news) reported a net loss the three months ended March 31, 1998 of $275,000, or $.03 per share, as compared with a net loss of $653,000, or $.10 per share, for the three months ended March 31, 1997. Revenue for the three months ended March 31, 1998 was $2,541,000, an increase of $969,000, or 62% from revenue for the three months ended March 31, 1997 of $1,572,000. Revenue from the Company's behavioral health information systems represented all of its revenue for the three months ended March 31, 1998 and 92% for the three months ended March 31, 1997. Losses associated with the Company's smart card business amounted to $213,000 in the three months ended March 31, 1998 and $125,000 in the three months ended March 31, 1997. Upon completion of a detailed analysis the company has determined to focus its efforts in the expanding information technology marketplace as it pertains to behavioral health. The Company anticipates that it will either sell or terminate its smart card business during the quarter ended June 30, 1998. It will retain smart card license rights for the behavioral health marketplace. Netsmart Technologies Inc. ( netsmartech.com ) is a publicly held software developer and systems integrator specializing in behavioral health care systems and smart card technology. Any statements in this release that are not statements or descriptions of historical facts may be ''forward-looking statements'' as that term is defined under the Federal securities laws. Forward-looking statements are subject to risks, uncertainties and other factors, including, but not limited to, those described in Netsmart's filings with the Securities and Exchange Commission. NETSMART TECHNOLOGIES, INC. Operating Results for the Comparative Three Month Periods Ended March 31: 1998 1997 Revenue $2,541,000 $1,572,000 Net (Loss) $(275,000) $(653,000) Net (Loss) Per Share $(.03) $(.10) SOURCE: Netsmart Technologies, Inc.