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Netsmart Technologies, Inc. Sells CarteSmart Business
(PR Newswire; 07/01/98)

ISLIP, N.Y., July 1 /PRNewswire/   Netsmart Technologies, Inc. (Nasdaq: 
 NTST) announced today that it has sold its CarteSmart Business unit to Granite 
 Technologies, Inc., a corporation formed by the management of the business 
 unit.  In connection with the sale, Mr. Leonard Luttinger, who was a vice 
 president and a director of Netsmart, and Mr. Storm Morgan, who was a director 
 of Netsmart, resigned from their positions with Netsmart.

     In consideration for the sale of the CarteSmart business, Granite issued a 
 promissory note and an equity interest in Granite and agreed to pay certain 
 software royalties to Netsmart.  Granite also granted Netsmart the right to 
 sell its smart card and kiosk software and related products in the behavioral 
 health field.

     Mr. James L. Conway, president of Netsmart, said that the sale of the 
 CarteSmart Business unit will enable Netsmart to concentrate its efforts on its 
 health information software and services for the behavioral health field.

     Netsmart, through its wholly owned subsidiary, Creative Socio-Medics Corp., 
 is a leading supplier of enterprise-wide software solutions for the mental 
 health and behavioral health markets.

     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.




Note: Netsmart is mentioned in 1997 December newsbits as Sun partner


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