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ADMINISTAFF MAKES FORBES' TOP 400 LIST OF BEST-PERFORMING
COMPANIES
HOUSTON, TX January 11, 1999
Administaff, Inc. (NYSE: ASF), a leading Professional Employer Organization
(PEO), has been named to the Forbes Platinum 400, a list of the
best-performing big companies in the U.S. The list is published
in the magazines Jan. 11, 1999, issue.
In compiling its Platinum 400 List, Forbes based
its evaluations on growth and profitability. The magazine began
by identifying 1,200 publicly traded companies with sales over $750
million, then divided those companies into 25 industry groups. The
final selection criteria included sales growth, net income growth
and return on capital over both the past five years and latest 12
months.
Administaff was the nations only PEO named
to the Platinum 400 List and was included in the Business Services
category.
"We are very pleased that Forbes has recognized
the success of Administaffs business model, and were
honored to be included on this prestigious list," said Paul
J. Sarvadi, Administaff president and chief executive officer.
For additional information about the Forbes
Platinum 400 List, log in to the Forbes web site at www.forbes.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 22 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 companys direct costs and operating expenses;
(iii) the effectiveness of the companys sales and marketing
efforts, including its marketing agreement with American Express,
American Express ability to set qualified appointments and
the companys 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 companys Year 2000 conversion and
contingency plans. These factors are described in further detail
in the companys filings with the Securities and Exchange Commission.)
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