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ADMINISTAFF NAMED ONE OF "BEST BIG COMPANIES
IN AMERICA" BY FORBES MAGAZINE
HOUSTON, TX January 8, 2001
Administaff, Inc. (NYSE: ASF), the nations leading Professional
Employer Organization (PEO), is included for the second time on
the annual Forbes Platinum 400 list of the best big companies in
America. Forbes released its annual Platinum 400 list in the magazines
Jan. 8, 2001 issue, naming Administaff in the Business Services
category.
In creating the list, Forbes identified over
1,300 companies with at least $1 billion in annual sales, then divided
those companies into 23 categories. To make the Platinum 400, companies
must be industry leaders in long-term and short-term return on capital,
as well as sales and earnings growth. In addition, the companies
must have "an innate ability to adapt to change, a hunger to
innovate and go against the grain, resiliency in a down industry
and amid doubts on Wall Street, and a relentless will to be miserly
even in boom times," according to Forbes.
"We are proud to be named by Forbes as
one of the best big companies in the United States," said Paul
J. Sarvadi, Administaff president and chief executive officer. "This
honor signifies the commitment of our people to deliver high-quality
service while balancing growth and profitability."
For more information about the Forbes Platinum
400 List, log on to the Forbes web site at www.forbes.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 No. 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 for
the third 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, Best Upon Request, Continental Airlines, CorporateGifts.com,
Dell, Forrester Research, FTD.COM, IBM, MovingStation, Spiegel,
Virtual Growth and Works.com.
Administaff has 31 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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