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Administaff Enters Ohio Market; Leading Personnel
Management Company Opens Office in Cleveland
HOUSTON, Jun 6, 2002 -- Administaff,
Inc. (NYSE: ASF), the nation's leading Professional Employer Organization
(PEO), today announced the opening of the company's first office
in Cleveland, Ohio. The office will serve small and medium-sized
businesses located in Northeast Ohio.
"We're excited to bring our comprehensive
human resources services to the greater Cleveland market,"
said Jay E. Mincks, Administaff's executive vice president of sales
and marketing. "Cleveland ranks as the largest metropolitan
area in Ohio and is home to thousands of companies that fit our
target profile."
Jeff Schwartz has joined Administaff as district
manager for the Cleveland office. The office is located at 6050
Oak Tree Blvd., Suite 450, Cleveland, Ohio 44131. The phone number
is (216) 393-2000.
This new office opening continues Administaff's
nationwide expansion plan, which targets a total of 90 sales offices
in 40 strategically selected markets. The company now operates 38
sales offices in 21 major metropolitan areas: Atlanta, Austin, Baltimore,
Boston, Charlotte, Chicago, Cleveland, Dallas, Denver, Houston,
Los Angeles, Minneapolis/St. Paul, New Jersey, New York City, Orlando,
Phoenix, San Antonio, San Diego, San Francisco, St. Louis and Washington,
D.C.
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 2001 revenues of $4.4 billion, Administaff ranks number 376
on the Fortune 500 list and number 11 on the Barron's 500 list of
best performing companies. The company also 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
the Employee Service Center(SM), an interactive eService platform
that provides clients and worksite employees with information and
resources to help maximize the benefit of their Administaff services.
The Employee Service Center also features My MarketPlace(SM), an
eCommerce portal that offers value-added products and services from
best-of-class providers such as American Express, AT&T, Continental
Airlines, Dell, IBM and Spiegel.
Administaff currently operates 37 sales offices
in 20 major markets: Atlanta, Austin, Baltimore, Boston, Charlotte,
Chicago, Dallas, Denver, Houston, Los Angeles, Minneapolis/St. Paul,
New Jersey, New York City, Orlando, Phoenix, San Antonio, San Diego,
San Francisco, St. Louis and Washington, D.C.
(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 environment
in the Professional Employer Organization industry. These factors
are described in further detail in Administaff's filings with the
Securities and Exchange Commission.)
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