HOUSTON--(BUSINESS WIRE)--May 1, 2008--Administaff, Inc.
(NYSE:ASF), a leading provider of human resources (HR) services for
small and medium-sized businesses, announced that it has acquired the
operations of USDatalink. The terms of the transaction were not
disclosed; however, the acquisition costs and first year operations
are not material to Administaff's 2008 results.
"This acquisition will expand our HR service capabilities and
provide substantial cost savings to our core business," said Paul J.
Sarvadi, Administaff's chairman and chief executive officer. "In
addition, there is significant opportunity to grow the USDatalink
business and leverage their Web-based platform in our HRTools.com
initiative."
USDatalink offers a customized approach to background-check
reporting for companies that outsource this portion of their
employment-screening process. Services include criminal records
checks; verifying employment history or education; conducting driving
record, civil record and credit history checks; and confirming
extraordinary credentials. Under the terms of the agreement, existing
management and staff will continue to oversee operations, and the
company will continue to operate under the USDatalink name.
"Our team is extremely excited about this acquisition because of
Administaff's commitment to quality customer service and to our highly
reliable and effective service model," said Jeffrey Jones, director of
USDatalink. "With Administaff's support, we'll have the resources and
talent to keep our culture strong and compete aggressively in the
marketplace."
Administaff is the nation's leading professional employer
organization (PEO), serving as a full-service human resources
department that provides small and medium-sized businesses with
administrative relief, big-company benefits, reduced liabilities and a
systematic way to improve productivity. The company operates 49 sales
offices in 24 major markets. For additional information, visit
Administaff's Web site at http://www.administaff.com.
USDatalink is a provider of pre-employment background screening
services that generates current, accurate and complete reports based
on information received directly from the repositories responsible for
housing the information, to help companies hire the best available
applicants. For more information about USDatalink, call 800-527-7930
or visit http://www.usdatalink.com.
The statements contained herein that are not historical facts are
forward-looking statements within the meaning of the federal
securities laws (Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934). You can identify such
forward-looking statements by the words "expects," "intends," "plans,"
"projects," "believes," "estimates," "likely," "possibly," "probably,"
"goal," "objective," "target," "assume," "outlook," "guidance,"
"predicts," "appears," "indicator" and similar expressions.
Forward-looking statements involve a number of risks and
uncertainties. In the normal course of business, Administaff, Inc., in
an effort to help keep our stockholders and the public informed about
our operations, may from time to time issue such forward-looking
statements, either orally or in writing. Generally, these statements
relate to business plans or strategies, projected or anticipated
benefits or other consequences of such plans or strategies, or
projections involving anticipated revenues, earnings, unit growth,
profit per worksite employee, pricing, operating expenses or other
aspects of operating results. We base the forward-looking statements
on our current expectations, estimates and projections. These
statements are not guarantees of future performance and involve risks
and uncertainties that we cannot predict. In addition, we have based
many of these forward-looking statements on assumptions about future
events that may prove to be inaccurate. Therefore, the actual results
of the 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 and possible adverse application
of various federal, state and local regulations; (iii) increases in
health insurance costs and workers' compensation rates and underlying
claims trends, financial solvency of workers' compensation carriers
and other insurers, state unemployment tax rates, liabilities for
employee and client actions or payroll-related claims, changes in the
costs of expanding into new markets, and failure to manage growth of
our operations; (iv) the effectiveness of our sales and marketing
efforts; (v) changes in the competitive environment in the PEO
industry, including the entrance of new competitors and our ability to
renew or replace client companies; (vi) our liability for worksite
employee payroll and benefits costs; and (vii) an adverse final
judgment or settlement of claims against Administaff. These factors
are discussed in further detail in Administaff's filings with the U.S.
Securities and Exchange Commission. Any of these factors, or
combination of such factors, could materially affect the results of
our operations and whether forward-looking statements we make
ultimately prove to be accurate.
CONTACT:
Administaff, Inc., Houston
Investor Relations Contact:
Douglas S. Sharp, 281-348-3232
Vice President of Finance,
Chief Financial Officer and
Treasurer
Douglas_Sharp@Administaff.com
or
News Media Contact:
Jason Cutbirth, 281-312-3085
Managing Director, Marketing and
Corporate Communications
Jason_Cutbirth@Administaff.com
SOURCE:
Administaff, Inc.
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