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ADMINISTAFF OPENS BALTIMORE SALES OFFICE
- New Facility Leverages Administaff’s
Growth in Washington, D.C./Baltimore Corridor
HOUSTON, TX – May 4, 2000 – Administaff,
Inc. (NYSE: ASF), a leading Professional Employer Organization (PEO),
today announced the opening of a new sales office in Baltimore,
Md., a market previously served by the company’s two Washington,
D.C.-area sales offices.
"During the past year, Administaff’s
client base in the greater Washington, D.C./Baltimore area has increased
approximately 60 percent to more than 140 client companies and over
2,000 worksite employees," said Jay E. Mincks, Administaff’s
executive vice president of sales and marketing. "Dedicating
a sales office solely to the Baltimore market leverages that success
by providing us with a greater capacity to serve the city’s
more than 15,000 small and medium-sized businesses."
As a standalone business district, Baltimore
represents Administaff’s 11th largest market in
terms of potential clients.
The Baltimore office opening continues Administaff’s
nationwide expansion plan targeting approximately 90 sales offices
in 40 strategically selected markets. The company now operates 27
sales offices in 16 major metropolitan markets, including Atlanta,
Austin, Baltimore, Charlotte, Chicago, Dallas, Denver, Houston,
Los Angeles, New York, Orlando, Phoenix, San Antonio, San Francisco,
St. Louis, and Washington, D.C. Together, these 16 markets represent
more than 500,000 businesses and approximately 8.5 million worksite
employees that fit the company’s target profile.
Rory Cooper has been named district manager
for the Baltimore office. The office is located at 300 East Lombard,
Suite 1450, Baltimore, Md., 21202; and the phone number is (410)
837-8919.
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 615 on the Fortune 1000
list and is included for the second consecutive year on Fortune’s
list of "America’s Most Admired Companies." The company
also ranks number 83 on the Information Week 500 list of leading
information technology innovators. Administaff currently has 27
sales offices in 16 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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