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Corporate Profile
Administaff
(NYSE: ASF) is a leading Professional Employer Organization
(PEO), serving as an off-site, full-service human resources
department for small and medium-sized businesses throughout
the United States.
Headquartered in Houston, Texas, Administaff has 25 sales
offices and three service centers in 15 major markets. At
year-end 1999, the Company had approximately 2,900 client
companies, 48,000 worksite employees and 800 corporate employees.
The Company posted 1999 revenues of $2.3 billion, making
it one of the nation's largest PEOs. In addition, the Company
is listed on the New York Stock Exchange, is accredited by
the Institute for the Accreditation of Professional Employer
Organizations (IAPEO) and is an active member of the National
Association of Professional Employer Organizations (NAPEO).
In early 2000, Administaff was named again to Fortune
magazine's list of “America's Most Admired Companies,”
ranking among the top five businesses in the Outsourcing Services
category for the second straight year. The Company also was
ranked number 765 on the Fortune 1000 list and was
ranked number 83 on the InformationWeek 500 list
of leading information technology innovators. In addition,
Administaff received a “1999 Houston Award for Excellence”
for outstanding quality achievement, management and customer
service.
Our Mission
The mission of Administaff is to be the
recognized leader in the development, sale and delivery of
quality Professional Employer Organization services to our
strategically selected market of small to medium-sized businesses.
This mission will be accomplished by a highly motivated team
of innovative people dedicated to finding, attracting and
satisfying clients in a manner that will produce consistent
and superior productivity among clients, employees and the
Company.
This Annual Report includes forward-looking
statements within the meaning of the federal securities laws.
You can identify such forward-looking statements by the words
"expects," "intends," "plans,"
"projects," "believes," "estimates,"
and similar expressions. For information concerning important
factors that could cause actual results to differ materially
from those in such statements, see "Management's Discussion
and Analysis of Financial Condition and Results of Operations."
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