ADMINISTAFF
ANNOUNCES NEW JERSEY SALES OFFICE
- New Facility Expands Administaffs
East Coast Operations
HOUSTON, TX August 8, 2000
Administaff, Inc. (NYSE: ASF), the leading Professional Employer
Organization (PEO), today announced the opening of a new sales office
in Florham Park, N.J., to serve small and medium-sized businesses
in the area.
"The Northern/Central New Jersey area represents
Administaffs sixth largest market in terms of potential clients,
with more than 40,000 businesses that fit our target profile,"
said Jay E. Mincks, Administaffs executive vice president
of sales and marketing. "This new facility provides space for
both Administaff sales consultants and human resource specialists
who can assist local business owners with their personnel management
needs."
The New Jersey office opening continues Administaffs
nationwide expansion plan targeting approximately 90 sales offices
in 40 strategically selected markets. The company now operates 29
sales offices in 17 major metropolitan markets, including Atlanta,
Austin, Baltimore, Charlotte, Chicago, Dallas, Denver, Houston,
Los Angeles, New Jersey, New York City, Orlando, Phoenix, San Antonio,
San Francisco, St. Louis, and Washington, D.C. Together, these 17
markets represent more than 500,000 businesses and approximately
8.5 million worksite employees that fit the companys client
profile.
Joe Ringwood has joined Administaff as district
manager for the New Jersey office. The office is located at 325
Columbia Turnpike, Suite 304, Florham Park, New Jersey, 07932; and
the phone number is (888) 267-0686.
Administaff is a leading personnel management
company that serves as a full-service human resources department
for small and medium-sized businesses throughout the United States.
With 1999 revenues of $2.3 billion, Administaff ranks number 615
on the Fortune 1000 list. The company also is included for the second
consecutive year on Fortunes list of "Americas
Most Admired Companies" and ranks number 83 on the Information
Week 500 list of leading information technology innovators.
Administaffs Personnel Management System
includes employment administration, benefits management, government
compliance, recruiting and selection, employer liability management,
training and development, performance management and owner support.
These core services are complemented by an eBusiness strategy that
includes Administaff Assistant SM, an eService platform
that provides clients and worksite employees with information and
resources to help maximize the benefit of their Administaff services;
and bizzportSM, an eCommerce portal that features value-added
products and services from best-of-class providers such as American
Express, Aon Enterprise, AT&T, Bank One, Dell, Forrester Research,
IBM, MobShop and works.com.
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 estimated costs and effectiveness of capital projects
and investments in technology and infrastructure; (iv) Administaffs
ability to effectively implement its eBusiness strategy; (v) the
effectiveness of Administaffs sales and marketing efforts,
including the companys marketing arrangements with other companies;
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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