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ADMINISTAFF NAMED ONE OF AMERICA'S MOST ADMIRED
COMPANIES BY FORTUNE MAGAZINE
HOUSTON, TX March 09, 1998
Administaff, Inc. (NYSE: ASF), a leading Professional Employer Organization
(PEO), has been named to Fortune magazines list of Americas
Most Admired Companies. Administaff ranked in the top three businesses
for the Outsourcing Services category in the magazines listing,
published in the March 1, 1999, edition.
In compiling the rankings, Fortune based the
evaluation on eight criteria, including such areas as financial
soundness, quality of products and services, and long-term investment
value. The study is conducted by an independent company that surveys
top business executives and securities analysts for the industry
rankings.
"We are pleased that Fortune has recognized
the success of our company, and we are honored to be included on
this prestigious list," said Paul J. Sarvadi, Administaff president
and chief executive officer.
For additional information about Fortune magazines
list of Americas Most Admired Companies, log on to www.fortune.com.
Administaff provides small- to medium-sized
businesses with a comprehensive Personnel Management System that
includes benefits and payroll administration, medical and workers
compensation insurance programs, personnel records management, employer
liability management, employee recruiting and selection, performance
management, and training and development services. The company currently
has 23 offices in 14 major markets and serves clients and worksite
employees throughout the United States. For additional information,
visit the companys web site at www.administaff.com.
(NOTE: The statements contained in this press
release that are not historical facts are forward-looking statements
that involve a number of risks and uncertainties. Therefore, the
actual results of future events described in such forward-looking
statements could differ materially from those stated in such forward-looking
statements. Among the factors that could cause actual results to
differ materially are: (i) regulatory and tax developments; (ii)
changes in the company's direct costs and operating expenses; (iii)
the effectiveness of the company's sales and marketing efforts,
including its marketing agreement with American Express, American
Express' ability to set qualified appointments and the company's
ability to convert those appointments into sales; (iv) the estimated
costs and effectiveness of capital projects and investments in technology
and infrastructure; (v) changes in the competitive environment in
the PEO industry; and (vi) the effectiveness and estimated costs
of the company's Year 2000 conversion and contingency plans. These
factors are described in further detail in the company's filings
with the Securities and Exchange Commission.)
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