Netsmart Announces Filing and Mailing of Definitive Proxy
02 Marzo 2007 - 4:58PM
PR Newswire (US)
Stockholder Meeting to be Held on Thursday, April 5, 2007 GREAT
RIVER, N.Y., March 2 /PRNewswire-FirstCall/ -- Netsmart
Technologies, Inc. (NASDAQ:NTST), a leading provider of
enterprise-wide software and services for health and human services
organizations, today announced that a special meeting of
stockholders has been called for Thursday, April 5, 2007 to
consider the merger transaction that was announced on November 20,
2006. The proxy statement is dated February 28, 2007, and was first
mailed on or about March 2, 2007 to stockholders of record as of
the close of business on February 22, 2007. The proxy statement is
also available at http://www.sec.gov/. A special committee of
Netsmart's board of directors composed entirely of independent
directors reviewed and considered the terms and conditions of the
proposed merger. Based on the recommendation of the special
committee and on its own review, Netsmart's board of directors has
determined that the merger and the merger agreement are
procedurally and substantively fair to, and in the best interests
of, Netsmart and its unaffiliated stockholders, declared the merger
agreement and the merger to be advisable, and recommended that
Netsmart's stockholders vote to adopt the merger agreement. About
Netsmart Technologies, Inc. Netsmart Technologies, Inc., based in
Great River, N.Y., is an established, leading supplier of
enterprise-wide software solutions for health and human services
providers, with more than 1,300 clients, including more than 30
systems with state agencies. Netsmart's clients include health and
human services organizations, public health agencies, mental health
and substance abuse clinics, psychiatric hospitals, and managed
care organizations. Netsmart's products are full-featured
information systems that operate on a variety of operating systems,
hardware platforms, and mobile devices, and offer unlimited
scalability. Additional Information about the Proposed Transaction
and Where You Can Find It In connection with the proposed
transaction, Netsmart Technologies has filed a definitive proxy
statement and other relevant materials with the Securities and
Exchange Commission ("SEC"). BEFORE MAKING ANY VOTING DECISION WITH
RESPECT TO THE PROPOSED TRANSACTION, STOCKHOLDERS OF NETSMART
TECHNOLOGIES ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND
OTHER RELEVANT MATERIALS FILED WITH THE SEC BECAUSE THEY CONTAIN
IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. The proxy
statement and other relevant materials, and any other documents
filed by Netsmart Technologies with the SEC, may be obtained free
of charge on the SEC's Web site at http://www.sec.gov/. In
addition, stockholders of Netsmart Technologies, Inc. may obtain
free copies of the documents filed with the SEC by contacting
Netsmart Technologies at 631-968-2000 or by writing Netsmart
Technologies at 3500 Sunrise Highway, Great River, NY 11739. You
may also read and copy any reports, statements and other
information filed by Netsmart Technologies with the SEC at the SEC
public reference room at 100 F Street, N.E. Room 1580, Washington,
D.C. 20549. Please call the SEC at 1-800-SEC-0330 or visit the
SEC's Web site for further information on its public reference
room. Netsmart Technologies and its executive officers and
directors may be deemed to be participants in the solicitation of
proxies from Netsmart Technologies stockholders in favor of the
proposed transaction. Certain executive officers and directors of
Netsmart Technologies, including James Conway and Anthony Grisanti,
have interests in the transaction that may differ from the
interests of stockholders generally, including benefits conferred
under employment arrangements and continuation of director and
officer insurance and indemnification. A more complete description
of these interests is contained in the definitive proxy statement.
DATASOURCE: Netsmart Technologies, Inc. CONTACT: Anthony Grisanti,
Executive Vice President and CFO, Netsmart Technologies,
+1-631-968-2000 Web site: http://www.ntst.com/
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