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ADMINISTAFF AGAIN NAMED ONE OF AMERICA'S MOST ADMIRED
COMPANIES BY FORTUNE MAGAZINE
- Company ranked among the top 5 in the Outsourcing Industry category
for the second straight year
HOUSTON – Feb. 17, 2000 – Administaff,
Inc. (NYSE: ASF), a leading Professional Employer Organization (PEO),
has been named to Fortune magazine’s list of America’s
Most Admired Companies for the second consecutive year. Administaff
ranked fifth in the Outsourcing Services category in the magazine’s
listing, published in the February 21, 2000, edition.
Fortune compiles its rankings based on the evaluation
of eight key attributes of reputation, including innovativeness,
financial soundness, quality of products and services, and long-term
investment value. The annual study is conducted by an independent
company that surveys 10,000 executives, directors, and securities
analysts for the rankings.
"Being selected by our peers and independent
analysts as one of America’s Most Admired Companies for the
second straight year is a great honor and one that our dedicated
employees have earned," said Paul J. Sarvadi, Administaff president
and chief executive officer.
Additional information about Fortune magazine’s
list of America’s Most Admired Companies can be found by logging
on to www.fortune.com.
With 1999 revenues of $2.3 billion, Administaff
is a leading provider of personnel management services for small
and medium-sized businesses throughout the United States. The company’s
comprehensive Personnel Management System includes employment administration,
benefits management, government compliance,
recruiting and selection, employer liability management, training
and development, performance management and owner support. Administaff
ranks number 765 on the Fortune 1000 list and is included for the
second consecutive year on Fortune magazine's list of "America's
Most Admired Companies''. The company also ranks number 83 on the
InformationWeek 500 list of leading information technology innovators.
Administaff currently has 25 sales offices in 15 major markets.
For additional information, visit the company's 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 Administaff’s direct costs and operating expenses;
(iii) the effectiveness of Administaff’s sales and marketing
efforts, including its marketing agreement with American Express,
American Express’ ability to set qualified appointments and
Administaff’s ability to convert those appointments into sales;
(iv) the estimated costs and effectiveness of capital projects and
investments in technology and infrastructure; (v) Administaff’s
ability to effectively implement its eBusiness strategy, including
identifying and reaching agreements with strategic alliance partners,
timely rollout of and attraction of clients and worksite employees
to its eCommerce portal, effective generation of revenues from eBusiness
initiatives and unanticipated development costs of eBusiness initiatives;
and (vi) changes in the competitive environments in the PEO industry.
These factors are described in further detail in Administaff’s
filings with the Securities and Exchange Commission.)
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