|
ADMINISTAFF ANNOUNCES SECOND WASHINGTON, D.C. AREA
OFFICE
- Company continues aggressive national expansion
program
HOUSTON, TX March 23, 2000
Administaff, Inc. (NYSE: ASF), a leading Professional Employer Organization
(PEO), today announced it is further expanding its operations by
opening its second Washington, D.C. area office to serve local businesses
and organizations. The new office the 26th for the company
is located in McLean, Va., and officially opened for business
on March 1, 2000. Administaff currently maintains an office in Beltsville,
Md., and has plans to open a third regional office in the near future.
The McLean, Va., office opening continues Administaffs planned
expansion program to establish 90 offices in 40 markets across the
nation.
"The Washington, D.C./Baltimore area is
Administaffs fourth largest market in terms of potential clients,"
said Paul J. Sarvadi, Administaff president and chief executive
officer. "The competition for talent among businesses in the
region is immense, with companies striving to attract and retain
quality employees. In addition, managers are trying to find more
time to focus on core business issues. Administaff provides assistance
on both fronts relieving time pressures by helping business
owners better manage their employer responsibilities while offering
employee benefits comparable to those at Fortune 500 companies."
Mark Loving has been appointed district manager
for the McLean, Va. office, a location chosen to provide excellent
geographic access to the entire Northern Virginia and Washington,
D.C. area. The new office is located at 1650
Tysons Boulevard, Suite 180, McLean, Va., 22102, and can be reached
at (703) 893-8997. More information on the company is available
at www.administaff.com, or by calling (800) 465-3800.
Administaff operates sales offices in 15 major
metropolitan markets, including Atlanta, Austin, Charlotte, Chicago,
Dallas, Denver, Houston, Los Angeles, New York, Orlando, Phoenix,
San Antonio, San Francisco, St. Louis, and Washington, D.C./Baltimore.
Together, these 15 markets represent more than 500,000 businesses
and approximately 8.5 million worksite employees that fit the companys
target profile.
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 26 offices in
15 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 Administaffs direct costs and operating expenses;
(iii) the effectiveness of Administaffs sales and marketing
efforts, including its marketing agreement with American Express,
American Express ability to set qualified appointments and
Administaffs ability to convert those appointments into sales;
(iv) the estimated costs and effectiveness of capital projects and
investments in technology and infrastructure; (v) Administaffs
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 Administaffs
filings with the Securities and Exchange Commission.)
|
|