ADMINISTAFF
LAUNCHES BIZZPORTSM
New eCommerce Portal Links Business Providers
with Administaff Clients and Worksite Employees
HOUSTON, TX April 12, 2000
Administaff, Inc. (NYSE: ASF), a leading Professional Employer Organization
(PEO), today announced the launch of bizzport, a multi-purpose eCommerce
portal designed for exclusive use by Administaffs clients
and worksite employees. By leveraging the collective buying power
of Administaffs clients and worksite employees, the portal
brings a broad range of value-added products and services from best-of-class
providers to the premium small business community represented by
Administaffs client base. Along with the best-of-class provider
network, bizzport offers a Best2BestSM forum that enables Administaff
clients to market their products and services to other Administaff
clients and worksite employees.
Through bizzport, more than 3,000 business clients
and 50,000 worksite employees will have access to special offers
on business-to-business and business-to-consumer products, services,
and resources. Among the major categories on bizzport are technology
solutions, financial solutions, business products and services,
research and consulting, insurance services, and consumer services.
Strategic alliances for bizzport offerings currently
include American Express, Aon Enterprise Insurance Services, Bank
One, Dell Computers, Forrester Research, IBM, MobShop,
Inc. (formerly Accompany, Inc.), and Works.com.
In addition, Administaff expects to announce new alliances in the
coming months.
"Our new eCommerce portal is another example
of how Administaff is integrating high tech with high touch for
the benefit of our clients and worksite employees," said Paul
J. Sarvadi, Administaff president and chief executive officer. "Bizzport
creates a virtual marketplace for business owners and worksite employees
to purchase the kinds of quality products and services they need
to succeed."
In addition to expanding the companys
service offering and helping to further strengthen client retention
rates, bizzport is expected to enhance to companys attractiveness
to prospective clients and produce incremental revenue streams.
Bizzport is accessible to Administaff clients
and worksite employees through the companys web site (www.administaff.com)
and through Administaff Assistant, the companys eService platform.
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 companys
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 615 on the
Fortune 1000 list and is included for the second consecutive year
on Fortunes list of "Americans Most Admired Companies."
The company also ranks number 83 on the Information Week 500 list
of leading information technology innovators. Administaff currently
has 26 sales offices in 15 major markets. 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 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.)
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