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ADMINISTAFF NAMED ONE OF AMERICA'S MOST ADMIRED
COMPANIES FOR THIRD CONSECUTIVE YEAR
HOUSTON, TX February 21, 2001
Administaff, Inc. (NYSE: ASF), the nations leading Professional
Employer Organization (PEO), has been named one of Americas
most admired companies by Fortune magazine for the third consecutive
year. The company ranked among the top four businesses in the Outsourcing
Services category. Fortunes list of Americas most admired
companies is published in the Feb. 19, 2001 issue.
To compile the rankings, Fortune used eight
criteria, including financial soundness, quality of products and
services, long-term investment value, quality of management, employee
talent, social responsibility, innovativeness, and use of corporate
assets. An independent company that polls top business executives,
directors and securities analysts for the industry rankings conducted
the survey.
"We are pleased that Fortune magazine has
again recognized the success of our company," commented Paul
J. Sarvadi, Administaff president and chief executive officer. "We
are especially honored to be regarded so highly by our industry
peers and are proud to be part of this prestigious list."
For additional information about Fortune magazines
"Americas Most Admired Companies" list, log on to
www.fortune.com.
With 2000 revenues of $3.7 billion, 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. In addition to being included on Fortunes
list of "Americas Most Admired Companies," the company
ranks number 615 on the Fortune 1000 list, and is included in the
Forbes Platinum 400 list of the best big companies in America and
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, Lexmark, MovingStation,
Spiegel, Virtual Growth and Works.com.
Administaff has 32 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) changes in general economic conditions;
(ii) regulatory and tax developments; (iii) changes in Administaffs
direct costs and operating expenses; (iv) the estimated costs and
effectiveness of capital projects and investments in technology
and infrastructure; (v) Administaffs ability to effectively
implement its eBusiness strategy; (vi) the effectiveness of Administaffs
sales and marketing efforts, including the companys marketing
arrangements with other companies; and (vii) 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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