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ADMINISTAFF ANNOUNCES ALLIANCES WITH eREALTY.COM
AND OXFORD CAPITAL
HOUSTON, TX — April 16, 2001 —
Administaff, Inc. (NYSE: ASF), the nation's leading Professional
Employer Organization (PEO), today announced new strategic alliances
with eRealty.com and Oxford Capital. Under the terms of the agreements,
Administaff's client companies will be able to access value-added
offerings by the alliance companies via bizzportSM,
Administaff's eCommerce portal.
eRealty.com is a full-service, online residential
real estate brokerage that combines the power of the Internet with
the personal touch of professional on-staff Realtors® to make
buying or selling a home faster, easier and more cost effective.
For Administaff's clients and employees using bizzport, eRealty
provides a special service provider credit to be used with eRealty's
ePartners at closing, plus low commissions for sellers and cash
rebates for buyers. eRealty is based in Houston.
Oxford Capital is a commercial finance company
providing accounts receivable financing and accounts receivable
management services for small to medium-sized growing businesses.
Based in Chicago, Oxford provides invoice processing, credit services
and collection services that can help companies avoid bad debt,
offer credit terms to customers and take advantage of early-payment
discounts on materials.
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 2000 revenues of $3.7
billion, the company ranks number 448 on the Fortune 500 list. In
addition, the company is included on Fortune's list of "America's
Most Admired Companies," the Forbes Platinum 400 list of the
best big companies in America and the InformationWeek 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, Lexmark, MovingStation,
Spiegel, Virtual Growth and Works.
Administaff has 34 sales offices in 18 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) changes in general economic conditions;
(ii) regulatory and tax developments; (iii) changes in Administaff's
direct costs and operating expenses; (iv) the estimated costs and
effectiveness of capital projects and investments in technology
and infrastructure; (v) Administaff's ability to effectively implement
its eBusiness strategy; (vi) the effectiveness of Administaff's
sales and marketing efforts, including the company's marketing arrangements
with other companies; and (vii) 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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