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ADMINISTAFF ANNOUNCES ALLIANCE WITH SPIEGEL CATALOG,
INC.
HOUSTON, TX November 15, 2000
Administaff, Inc. (NYSE: ASF), the leading Professional Employer
Organization (PEO), today announced an alliance with Spiegel Catalog,
Inc. (Spiegel), one of Americas leading direct marketers of
fashion apparel and home furnishings and a major supplier of employee
reward programs.
Under the terms of the agreement, Administaffs
client companies will receive preferred pricing on reward programs
when they access the Spiegel Rewards Program through bizzportSM,
Administaffs eCommerce portal. The Spiegel Rewards Program
is a corporate incentive program that Administaffs client
companies can use to reward top performers. The rewards include
award certificates, award cards and web certificates that are redeemable
for merchandise through both the Spiegel Catalog® and the award-winning
Spiegel web site, www.spiegel.com.
"In todays tight labor market, we
are constantly looking for ways to help our client companies recruit
and retain top talent," said Paul J. Sarvadi, Administaff president
and chief executive officer. "This alliance with Spiegel provides
an innovative way to help motivate and reward top employees."
Christian Feuer, vice president of marketing
at Spiegel, said, "We are extremely pleased to be providing
the Spiegel Rewards Program to Administaff and its client companies.
Incentives have become a crucial element of many companies
recruitment and retention strategies. We are confident that we can
help Administaff and its client companies address these issues with
our incentive expertise."
About Spiegel
Spiegel Catalog, Inc. is one of the nations leading direct
marketers, offering benefits of home-based shopping via a variety
of channels including its trademark semiannual catalogs, specialty
catalogs and e-commerce site (Spiegel.comTM). Spiegel offers its
customers an extensive array of fashionable apparel, jewelry, electronics
and home furnishings. Founded in 1865, the company has provided
home-based shopping concepts to its customers for 95 years. Spiegel
is a wholly-owned subsidiary of The Spiegel Group (NASDAQ: SPGLA).
About Spiegel Rewards
The Spiegel Rewards Program is a corporate incentive program created
to reward dedicated employees and top performers with Spiegel award
certificates, award cards and web certificates redeemable for merchandise
from the Spiegel Catalog and Spiegel.comTM. For over 15 years Spiegel
has helped design custom incentive solutions for sales performance
and employee recognition programs, tailored to each companys
needs. A Spiegel award certificate takes the guesswork out of finding
the perfect reward by letting award recipients choose from over
12,000 items in the 500-page Spiegel catalog and on the Spiegel.comTM
web site. For more information on Spiegel Rewards, visit the web
site at www.spiegelrewards.com.
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.
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®, 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, CorporateGifts.com, Best Upon Request, Dell,
Forrester Research, IBM, MobShop Network, Virtual Growth and Works.com.
Administaff has 30 sales offices in 17 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 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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