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ADMINISTAFF ANNOUNCES ALLIANCES WITH WELLS FARGO,
I-WORKS, META GROUP AND LEASEMARKET
HOUSTON, TX — June 4, 2001 —
Administaff, Inc. (NYSE: ASF), the nation's leading Professional
Employer Organization (PEO), today announced new strategic alliances
with Wells Fargo Home Mortgage, Inc., I-Works Inc., META Group,
Inc. (Nasdaq: METG) and LeaseMarket, Inc. 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.
Wells Fargo Home Mortgage is a leading originator
and servicer of residential mortgages and operates the leading mortgage
lending network in the country. Wells Fargo serves corporate clients
with two key programs - The Relocation Mortgage ProgramSM,
which simplifies the home financing aspect of relocating, and The
Employee Mortgage Program®, which provides companies with a
value-added home financing resource for employees.
I-Works provides customized Web solutions for
small businesses. Founded in 1996, I-Works has produced thousands
of Web sites through channel alliances with companies that understand
the benefits and value an effective Web presence can provide for
their small business clients. I-Works also provides state-of-the-art
secure Web site hosting.
META Group is a leading research and consulting
firm, focusing on information technology and business transformation
strategies. Delivering objective, consistent, and actionable guidance,
META Group enables organizations to innovate more rapidly and effectively.
META Group's unique collaborative models help clients succeed by
building speed, agility and value into their IT and business systems
and processes.
LeaseMarket, Inc. is a leader in the equipment
leasing industry with its advanced technology and auction-based
marketplace. LeaseMarket maintains strategic partnerships with a
diversified pool of top national lenders who view lease transactions
electronically and offer credit approvals in real time. The technology
platform synchronously integrates lenders, equipment sellers and
lease customers, enabling LeaseMarket customers to gain more efficient
access to leasing capital, improved market pricing and a higher
approval ratio than previously available through traditional resources.
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, Administaff ranks number 448
on the Fortune 500 list. In addition, Administaff is included on
Fortune's list of "America's Most Admired Companies," on the Forbes
Platinum 400 list of the best big companies in America and on 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, AT&T, Bank
One, Continental Airlines, Dell, IBM and Spiegel.
Administaff has 35 sales offices in 19 major
markets. For additional information, visit the Administaff'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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