<PAGE> 1
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FORM 3
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f)
of the Investment Company Act of 1940
<TABLE>
<S> <C> <C> <C>
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|1. Name and Address of Reporting Person(1)|2. Date of Event Requiring |4. Issuer Name and Ticker or Trading Symbol |
| | Statement | |
| CREWNSHAW JOY | (Month/Day/Year) | |
|------------------------------------------| | SMITH0GARDNER & ASSOCIATES, INC. (SGAI) |
| (Last) (First) (Middle) | |-----------------------------------------------------------|
| c/o SMITH-GARDNER & ASSOCIATES, INC. | 05/16/00 |5. Relationship of Reporting | 6. If Amendment, Date |
| 1615 SOUTH CONGRESS AVENUE |---------------------------| Person to Issuer | of Original |
|------------------------------------------|3. IRS Identification | (Check all applicable) | (Month/Day/Year) |
| (Street) | Number of Reporting | | |
| | Person, if an Entity |[ ] Director [ ] 10% Owner | |
| | (Voluntary) | | |
| | |[X] Officer [ ] Other (specify| |
| | | (give below) |-------------------------|
| | | title below) | 7. Individual or Joint/ |
| DELRAY BEACH FL 33445-6368 | | VICE PRESIDENT - CLIENT SERVICES| Group Filing (Check |
|--------------------------------------------------------------------------------------------------------| applicable line) |
| (City) (State) (Zip) | |
| | [X] Form Filed by |
| | One Reporting |
| | Person |
| | [ ] Form Filed by |
| | More than One |
| | Reporting Person |
|----------------------------------------------------------------------------------------------------------------------------------|
| TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED |
|----------------------------------------------------------------------------------------------------------------------------------|
|1. Title of Security | 2. Amount of Securities | 3. Ownership Form: | 4. Nature of Indirect |
| (Instr. 4) | Beneficially Owned | Direct (D) or | Beneficial |
| | (Instr. 4) | Indirect (I) | Ownership (Instr. 4) |
| | | (Instr. 5) | |
|----------------------------------------|------------------------------|---------------------------|------------------------------|
| | | | |
|----------------------------------------|------------------------------|---------------------------|------------------------------|
| | | | |
|----------------------------------------|------------------------------|---------------------------|------------------------------|
| | | | |
|----------------------------------------|------------------------------|---------------------------|------------------------------|
| | | | |
|----------------------------------------|------------------------------|---------------------------|------------------------------|
| | | | |
|----------------------------------------|------------------------------|---------------------------|------------------------------|
| | | | |
|----------------------------------------|------------------------------|---------------------------|------------------------------|
| | | | |
|----------------------------------------|------------------------------|---------------------------|------------------------------|
| | | | |
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</TABLE>
(1) If the form is filed by more than one Reporting Person, see Instruction
5(b)(v). Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
(Print or Type Responses)
<PAGE> 2
<TABLE>
<CAPTION>
FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C>
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| 1. Title of Derivative Security |2. Date |3. Title and Amount of |4. Conver- | 5. Owner- |6. Nature of Indirect|
| (Instr. 4) | Exercisable and | Securities Underlying | sion or | ship | Beneficial Owner- |
| | Expiration Date | Derivative Securities | Exercise | Form of | ship (Instr. 5) |
| | (Month/Day/Year) | (Instr. 4) | Price of | Deriva- | |
| | | | Deriva- | tive | |
| | | | tive | Security:| |
| | | | Security | Direct | |
| |---------------------|-------------------------| | (D) or | |
| | Date | Expira- | | Amount or | | Indirect | |
| | Exercis-| tion | Title | Number of | | (I) | |
| | able | Date | | Shares | | (Instr. | |
| | | | | | | 5) | |
|---------------------------------|----------|----------|-------------|-----------|------------|-------------|---------------------|
| EMPLOYEE STOCK OPTION | | | COMMON | | | | |
| (RIGHT TO BUY) | (1) | 4/01/2006| STOCK | 1,500 | $2.53/SH. | D | |
|---------------------------------|----------|----------|-------------|-----------|------------|-------------|---------------------|
| EMPLOYEE STOCK OPTION | | | COMMON | | | | |
| (RIGHT TO BUY) | (2) | 4/15/2007| STOCK | 47 | $2.53/SH. | D | |
|---------------------------------|----------|----------|-------------|-----------|------------|-------------|---------------------|
| EMPLOYEE STOCK OPTION | | | COMMON | | | | |
| (RIGHT TO BUY) | (3) | 5/14/2007| STOCK | 500 | $2.53/SH. | D | |
|---------------------------------|----------|----------|-------------|-----------|------------|-------------|---------------------|
| EMPLOYEE STOCK OPTION | | | COMMON | | | | |
| (RIGHT TO BUY) | (4) | 7/15/2007| STOCK | 50 | $2.53/SH. | D | |
|---------------------------------|----------|----------|-------------|-----------|------------|-------------|---------------------|
| EMPLOYEE STOCK OPTION | | | COMMON | | | | |
| (RIGHT TO BUY) | (5) |10/15/2007| STOCK | 36 | $2.53/SH. | D | |
|---------------------------------|----------|----------|-------------|-----------|------------|-------------|---------------------|
| EMPLOYEE STOCK OPTION | | | COMMON | | | | |
| (RIGHT TO BUY) | (6) |12/15/2007| STOCK | 36 | $2.53/SH. | D | |
|---------------------------------|----------|----------|-------------|-----------|------------|-------------|---------------------|
| EMPLOYEE STOCK OPTION | | | COMMON | | | | |
| (RIGHT TO BUY) | (7) | 4/15/2008| STOCK | 53 | $2.53/SH. | D | |
|---------------------------------|----------|----------|-------------|-----------|------------|-------------|---------------------|
| EMPLOYEE STOCK OPTION | | | COMMON | | | | |
| (RIGHT TO BUY) | (8) | 7/15/2008| STOCK | 54 |$12.00/SH. | D | |
|---------------------------------|----------|----------|-------------|-----------|------------|-------------|---------------------|
| EMPLOYEE STOCK OPTION | | | COMMON | | | | |
| (RIGHT TO BUY) | (9) |10/15/2008| STOCK | 64 |$12.00/SH. | D | |
|---------------------------------|----------|----------|-------------|-----------|------------|-------------|---------------------|
| EMPLOYEE STOCK OPTION | | | COMMON | | | | |
| (RIGHT TO BUY) | (10) |12/15/2008| STOCK | 87 |$12.00/SH. | D | |
|---------------------------------|----------|----------|-------------|-----------|------------|-------------|---------------------|
| EMPLOYEE STOCK OPTION | | | COMMON | | | | |
| (RIGHT TO BUY) | (11) | 1/15/2009| STOCK | 4,000 |$12.00/SH. | D | |
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Explanation of Responses:
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(1) 25% of the option vested on 04/01/97 (the "Anniversary Date"), and the remaining 75% vests in twelve equal successive
quarterly installments which began on the last day of the calendar quarter which includes the Anniversary Date.
(2) 25% of the option vested on 04/15/98 (the "Anniversary Date"), and the remaining 75% vests in twelve equal successive
quarterly installments which began on the last day of the calendar quarter which includes the Anniversary Date.
(3) 25% of the option vested on 05/14/98 (the "Anniversary Date"), and the remaining 75% vests in twelve equal successive
quarterly installments which began on the last day of the calendar quarter which includes the Anniversary Date.
(4) 25% of the option vested on 07/15/98 (the "Anniversary Date"), and the remaining 75% vests in twelve equal successive
quarterly installments which began on the last day of the calendar quarter which includes the Anniversary Date.
(5) 25% of the option vested on 10/15/98 (the "Anniversary Date"), and the remaining 75% vests in twelve equal successive
quarterly installments which began on the last day of the calendar quarter which includes the Anniversary Date.
(6) 25% of the option vested on 12/15/98 (the "Anniversary Date"), and the remaining 75% vests in twelve equal successive
quarterly installments which began on the last day of the calendar quarter which includes the Anniversary Date.
(7) 25% of the option vested on 04/15/99 (the "Anniversary Date"), and the remaining 75% vests in twelve equal successive
quarterly installments which began on the last day of the calendar quarter which includes the Anniversary Date.
(8) 25% of the option vested on 07/15/99 (the "Anniversary Date"), and the remaining 75% vests in twelve equal successive
quarterly installments which began on the last day of the calendar quarter which includes the Anniversary Date.
(9) 25% of the option vested on 10/15/99 (the "Anniversary Date"), and the remaining 75% vests in twelve equal successive
quarterly installments which began on the last day of the calendar quarter which includes the Anniversary Date.
(10) 25% of the option vested on 12/15/99 (the "Anniversary Date"), and the remaining 75% vests in twelve equal successive
quarterly installments which began on the last day of the calendar quarter which includes the Anniversary Date.
(11) 25% of the option vested on 01/15/2000 (the "Anniversary Date"), and the remaining 75% vests in three equal
installments on 01/15/2001, 01/15/2002 and 01/15/2003.
/s/ JOY CRENSHAW 6/2/00
** Intentional misstatements or omissions of facts constitute Federal Criminal --------------------------------- ----------
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date
JOY CRENSHAW
Note. File three copies of this form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
(Print or Type Responses) Page 2
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