ADMINISTAFF
ANNOUNCES OPENING OF THIRD CHICAGO-AREA OFFICE
HOUSTON, TX March 20, 2001
Administaff, Inc. (NYSE: ASF), the nations leading Professional
Employer Organization (PEO), today announced the opening of its third
Chicago- area office to serve the small and medium-sized business
community. The new downtown office is located at 311 S. Wacker Drive,
Suite 2250, Chicago, IL 60606.
"Downtown Chicago has a heavy concentration
of businesses that fit our client profile," said Jay E. Mincks,
Administaffs executive vice president of sales and marketing.
"This new office allows us to maximize our prospecting and
selling opportunities."
Jeff Kaminski will serve as district manager
at the new downtown office. The offices phone number is (312)
427-5040.
Administaff opened its first two Chicago-area
offices in April 1995.
The new office opening continues Administaffs
nationwide expansion plan, which targets a total of 90 sales offices
in 40 strategically-selected markets. The company now operates 33
sales offices in 17 major metropolitan areas: Atlanta, Austin, Baltimore,
Charlotte, Chicago, Dallas, Denver, Houston, Los Angeles, New Jersey,
New York City, Orlando, Phoenix, San Antonio, San Francisco, St.
Louis and Washington, D.C. Together, these 17 markets represent
more than 500,000 businesses and approximately 8.5 million worksite
employees that fit the companys client profile.
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.
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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