ADMINISTAFF
ANNOUNCES PREFERRED PURCHASING AGREEMENT WITH SIMPLEX
- Advanced Time &
Attendance System To Provide Operating Efficiencies
HOUSTON, TX Feb. 2, 1999
Administaff, Inc. (NYSE: ASF), a leading Professional Employer Organization
(PEO), today announced a preferred purchasing agreement with Simplex
Time Recorder Co. Under the terms of the agreement, Simplexs
advanced WinSTARâ time and attendance system will be integrated
into Administaffs operations and also will be made available
to Administaff clients that can benefit from the sophisticated system.
"This agreement provides our company and
our larger clients with access to a powerful, Windows-based tool
for automating the collection and processing of payroll and other
workforce data," said A. Steve Arizpe, Administaff executive
vice president of client services. "In addition to improved
operating efficiencies for both Administaff and its client companies,
the Simplex time and attendance system offers a wide range of standard
and customized personnel reports to help businesses remain competitive
and profitable."
WinSTAR, the industrys first Windows-based
time and attendance system, integrates data from across an organization
into a total workforce information solution. The system electronically
captures time and attendance information, calculates employee hours,
tracks attendance exceptions, and provides for time and attendance
data to be seamlessly exported into payroll, human resources and
other business applications.
eoffrey Palmer, Simplex vice president of marketing
for the Workforce Solutions Division, said, "We see Administaff
as an effective gateway to the small- and medium-sized business
community, and we are pleased to work with Administaff in serving
this important market segment. By providing punch-to-paycheck automation
and automatic compliance with work rules, attendance and pay policies,
the WinSTAR system will enable Administaff and its client companies
to improve operating efficiency and save time and money."
Headquartered in Gardner, Massachusetts, Simplex
is a multinational company that provides fire detection, security,
building communications, and workforce information solutions and
services to customers worldwide. Simplexs Workforce Information
Systems are powerful software products and peripherals that let
businesses automate their labor management functions. Simplex systems
and solutions are backed by a distribution and support network that
includes 170 company-owned offices around the globe and representatives
in 65 countries. In each of the last three years, Simplex has earned
the distinction of being included on Forbes Magazines annual
list of the 500 Top Private Companies.
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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