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ADMINISTAFF EXPANDS SAN FRANCISCO BAY AREA OPERATIONS
WITH OPENING OF SECOND OFFICE
- New Office Strengthens Administaff’s
West Coast Operations
HOUSTON, TX –January 14, 1999 –
Administaff, Inc. (NYSE: ASF), a leading Professional Employer Organization
(PEO), today announced the opening of its second sales office in
the San Francisco Bay Area – its 23rd nationwide.
The opening of this additional office continues Administaff’s
planned expansion program to establish 90 offices in 40 markets
across the nation.
"Opening a second office in the San Francisco
Bay Area provides Administaff with more resources to service the
more than 40,000 small and medium-sized companies in the region,"
said Paul J. Sarvadi, Administaff president and chief executive
officer. "Since opening our first Bay Area office in September,
we have found a strong compatibility between the entrepreneurial
spirit in the Bay Area and the services Administaff offers its clients.
Because business in the Bay Area is progressive and growth oriented,
local entrepreneurs tend to recognize the value of outsourcing their
human resources functions so they can focus on their own core competencies."
The office is scheduled to officially open Jan.
14, 1999, in conjunction with an event to promote Administaff’s
marketing alliance with American Express. The company began its
alliance with American Express Financial Advisors in March 1998.
Since then, the two companies have worked together to provide small
and mid-sized businesses with a wide range of complementary services.
Administaff operates sales offices in 14 major
metropolitan markets, including Atlanta, Austin, Charlotte, Chicago,
Dallas, Denver, Houston, Los Angeles, Orlando, Phoenix, San Antonio,
San Francisco, St. Louis, and Washington, D.C. The company also
recently announced its plans to begin operations in New York City
in April 1999, its 15th market. Together, those 15 markets
represent more than 500,000 businesses and approximately 7.5 million
worksite employees that fit the company’s target profile.
Thomas Mangini has been appointed District Manager
for the second Bay Area office. Like the company’s first Bay
Area office, the new office will be centrally located in San Mateo,
providing it with excellent geographic access to the entire Bay
Area. Administaff’s new office will be at 1825 South Grant
Street, Suite 600, San Mateo, Calif., 94402; and can be reached
locally at (650) 357-9930. More information on the company is available
at www.administaff.com,
or by calling 1.888.245.2800.
Administaff is one of the nation's leading Professional
Employer Organizations, providing 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.
(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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