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ADMINISTAFF ANNOUNCES ALLIANCE WITH MOVINGSTATION
HOUSTON, TX October 11, 2000
Administaff, Inc. (NYSE: ASF), the leading Professional
Employer Organization (PEO), today announced an alliance with MovingStation,
a full-service relocation coordination company.
Under terms of the agreement, MovingStation’s
move coordination services will be offered at no charge to Administaff’s
client companies, employees and their families via bizzportSM,
Administaff’s eCommerce portal, and Administaff Assistant®, the
company’s eService platform. MovingStation’s services encompass
a wide range of move-related tasks, including the sale and purchase
of a home, acquiring mortgages, and the transportation of household
property. These services are performed online and offline by personal
move coordinators and tracked on the Web.
MovingStation will also provide Administaff
and its client companies with relocation policy consultation and
its employee relocation expense tracking service, Expense CoordinatorTM.
"Finding and keeping top talent in today’s
economy often requires recruiting beyond local markets and providing
an attractive employee benefits package, and this new alliance enables
us to help meet these needs for our client companies," said
Paul J. Sarvadi, Administaff president and chief executive officer.
"MovingStation’s relocation services and Internet interface
are a great addition to our growing list of bizzport alliances and
Administaff service offerings."
"We are excited to add our services to
Administaff’s growing list of client benefits," said Dan Amdur,
MovingStation president and co-founder. "Moving and changing
jobs can be one of
the most challenging times in a person’s life.
We’ve dramatically improved the entire relocation experience, creating
a valuable service for new hires and other employees."
About MovingStation
MovingStation combines the services of personal move coordinators
with Web technology to dramatically improve the relocation experience.
The company coordinates every aspect of relocation, including the
sale and purchase of homes, inspections, mortgages, moving and storage.
Its corporate services include relocation policy consultation and
employee relocation expense tracking and tax "gross up"
calculations. Chicago-based MovingStation serves a range of organizations,
which extend its co-branded services to their corporate clients,
customers, employees, members or online communities. For more information,
visit the MovingStation web site at www.movingstation.com
or call toll free (888) 876-7466.
About Administaff
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
the Information Week 500 list of leading information technology
innovators.
Administaff’s 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.
Administaff has 29 sales offices in 17 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 estimated costs and effectiveness of capital projects and investments
in technology and infrastructure; (iv) Administaff’s ability to
effectively implement its eBusiness strategy; (v) the effectiveness
of Administaff’s sales and marketing efforts, including the company’s
marketing arrangements with other companies; 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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