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ADMINISTAFF ANNOUNCES ALLIANCE WITH LEXMARK
HOUSTON, TX – January 9, 2001 –
Administaff, Inc. (NYSE: ASF), the nation’s leading Professional
Employer Organization (PEO), today announced an eCommerce alliance
with Lexmark International, Inc. Lexmark is a leading global developer,
manufacturer and supplier of printing solutions, including laser,
inkjet and dot matrix printers, and associated supplies for the
office and home markets.
Under the terms of the agreement, Administaff’s
client companies and employees can purchase Lexmark printers and
associated products through an online catalog featuring customized
programs and pricing. The catalog will be published on a co-branded
web site accessible through bizzportSM, Administaff’s eCommerce
portal.
"This alliance with Lexmark and our ongoing
development of bizzportSM underscore our commitment to help improve
our client companies’ bottom lines," said Paul J. Sarvadi,
president and chief executive officer of Administaff. "The
Lexmark offering supports our goal of adding value for our client
companies and employees."
"We are happy to add Lexmark’s printing
solutions to Administaff’s growing list of client services,"
said Paul Rooke, Lexmark vice president and president of its Business
Printer Division. "Through Administaff, we have the opportunity
to reach a growing number of potential customers, offering them
our high levels of service and support."
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 on Fortune’s list of "America’s
Most Admired Companies," the Forbes Platinum 400 list of best-performing
big companies in America, and 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®, 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 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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