ADMINISTAFF RECEIVES TOP HONORS IN PEO EXCELLENCE AWARDS
- Company Garners First Place for "Best
Full-Service PEO" Award
HOUSTON, TX April 29, 1999
Administaff, Inc. (NYSE: ASF), a leading Professional Employer Organization
(PEO), has won first place for the "Best Full-Service PEO"
and third place for the "Most Technically Advanced PEO"
in the ProEmp Journals 1999 PEO Excellence Awards. ProEmp
Journal is a leading publication for the PEO industry.
An independent panel of judges selected from
the PEO vendor community determined the awards. The April 1999 edition
of ProEmp Journal features the award results and highlights companies
receiving awards.
"A shoe-in for first place, Administaff
was the most popular PEO among our judges," reports the publication
in the "Best Full-Service PEO" category. "As a PEO
pioneer that set the full-service standard, Administaff showed
others what was possible and continues to lead the way, our
judges assert."
In the "Most Technically Advanced PEO"
category, the publication notes: "One of the most successful
PEOs in the industrys history, Administaff has successfully
continued to take a progressive stance with its clients, by banking
on technology as a means of providing even better PEO services."
Paul J. Sarvadi, Administaff president and chief
executive officer, said, "Providing a comprehensive array of
high-quality personnel management services is a priority for us,
along with being an industry leader in the effective use of technology.
These awards represent the strength of our commitment, and we are
very pleased to be recognized within our industry."
For additional information about ProEmp Journal
and its 1999 PEO Excellence Awards, visit the publications
web site at www.peoinfo.com.
Administaff provides small and 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 25 offices in 15 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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