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Gevity Press Announcement
| Human Resource Solutions |
| Gevity and Its Clients Benefit From Enhanced Product Offering |
| November 06, 2002 08:49:00 AM ET |
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| BRADENTON, Fla., Nov. 6 /PRNewswire-FirstCall/-- Gevity (R) GVHR announced today that it is
providing its clients a broader offering of time and attendance management systems through an agreement with
Amano Cincinnati, Inc. Time management systems help
Gevity clients to further manage HR-related paperwork by:
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| * Reducing labor costs and preparation time |
| * Eliminating paper time sheets and time cards |
| * Providing valuable management reports |
| "Amano Cincinnati is excited about our new relationship with Gevity, a number one ranked human
resource outsourcing company," stated Mike Lee, president of Amano Cincinnati. "Looking forward, we anticipate a fruitful
relationship with many years of mutually beneficial successes." |
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| "By offering additional time management systems,
we assist clients to better manage their paperwork, and reduce the resources necessary to track employee time, as well as
improve accuracy," explained Erik Vonk, chairman and chief executive officer of Gevity. "Also, since the Amano solutions interface directly with
Gevity's online payroll, Gevity is able to reduce the cost of processing client payrolls."
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| According to a current Gevity client, Patricia Golden, office manager of Family Practice Associates of
Atlanta P.C., "My Amano system is very easy to use, user friendly, and is a huge time-saver for our organization. The
interface to Gevity is also really easy to use and has been problem-free. I love it!"
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| As the nation's leading provider of outsourced HR solutions, Gevity helps businesses find, develop, manage
and retain their employees, manage the related paperwork, and protect their businesses. These services are provided through
specific offerings, such as recruiting assistance, training, benefits administration, payroll processing and related paperwork
management, and employment-related regulatory compliance.
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| Gevity's business solutions are delivered through expert personal consultation and
leading-edge technology embodied in Gevity Central(SM), an online payroll and HR community designed for business owners,
managers, and employees. This industry-leading web portal reduces administrative burdens, maximizes employee productivity,
and helps businesses be more efficient and profitable.
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| Gevity, a Fortune 500 company, was recognized by InformationWeek for a third year in a row as a leading
information technology innovator in business services and consulting. The company was also awarded a ComputerWorld Smithsonian
Honors Award for extraordinary utilization of technology. A copy of this press release can be found on the company's web site
at www.gevity.com.
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| NOTE: Statements in this press release relating to matters that are not historical facts are forward-looking
statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual
results or performance of the Gevity, Inc. (the "Company") to be materially different from any future results or performance expressed
or implied by such forward-looking statements. Such known and unknown risks, uncertainties and other factors include, but are not limited
to, the following: (i) the decision to no longer sell the Company's services to clients in the construction industry as well as certain
other high risk industries and to sell its services only to clients in lower risk industries; (ii) increased volatility of costs of
workers' compensation coverage and unemployment taxes; (iii) increased volatility of profit generated from the workers' compensation
component of the Company's service offering under the Company's loss sensitive workers' compensation programs; (iv) the uncertainties
relating to the surety bond market and collateralization requirements related to the Company's medical benefit plan plans and workers'
compensation programs; (v) uncertainties as to the availability or renewal of workers' compensation insurance coverage and medical benefit
plan coverage; (vi) the decision to provide unbundled payroll and human resource management services and systems to clients; (vii) the potential
for additional subsidies for medical benefit plans; (viii) possible adverse application of certain federal and state laws and the possible
enactment of unfavorable laws or regulation; (ix) litigation and other claims against the Company and its clients including the impact of such
claims on the cost of insurance coverage; (x) impact of competition from existing and new professional employer organizations; (xi) risks associated
with expansion into additional states where the Company does not have a presence or significant market penetration; (xii) risks associated with
the Company's dependence on key vendors and the ability to obtain benefit contracts for the Company's worksite employees; (xiii) an unfavorable
determination by the IRS or Department of Labor regarding the status of the Company as an "employer"; (xiv) the possibility of client attrition due
to the decision not to sell services to clients in selected industries and to reprice its services for certain clients; (xv) risks associated with
geographic market concentration; (xvi) the financial condition of clients; (xvii) the failure to properly manage growth and successfully integrate
acquired companies and operations; (xviii) risks associated with new service offerings to clients; and (xix) other factors which are described in
further detail in this press release and filings by the Company with the Securities and Exchange Commission.
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