[2] Greater Phoenix Chamber of Commerce Selects Employee Solutions as Preferred Provider of PEO Services.PHOENIX--(BUSINESS WIRE)--Nov. 2, 1999-- Employee Solutions Inc. (ESI (Edge Side Includes) A markup language for Web pages that enables elements of a Web page to be dynamically assembled in servers distributed throughout the Internet. ) (Nasdaq:ESOL ESOL English for Speakers of Other Languages ESOL Endless Snorts of Stupid Laughter ESOL Evaluator Series Online ), one of the country's leading professional employer organizations (PEO), announced today that the Greater Phoenix Chamber of Commerce has selected ESI as the preferred provider of PEO services to Chamber members. Employee Solutions will assist current and future Chamber members with a variety of human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , payroll and risk management services. The term of the agreement between ESI and the Greater Phoenix Chamber Of Commerce is 10 years. Commented Stuart D. Banks, senior vice president of the Greater Phoenix Chamber Of Commerce: "Arizona is growing rapidly, and many of the businesses coming to our state are small to mid-sized. There are tremendous challenges facing these businesses, including numerous employee-related issues. As an organization dedicated to enhancing the business community, the Greater Phoenix Chamber Of Commerce looks for ways to improve the commercial environment for our members, and we believe Employee Solutions has the breadth of services and experience to assist these new businesses." "We are excited to have developed this relationship with the Greater Phoenix Chamber," said Quentin P. Smith, Jr., chairman, president and chief executive officer of Employee Solutions. "As a Phoenix-based company, we are uniquely positioned to fulfill the PEO needs of our city's members. Our national footprint and experience allows us to deliver significant advantages in payroll processing, human resource management, risk services and benefits administration to our neighbors in the business community." The Greater Phoenix Chamber Of Commerce supports the growth and development of business and the quality of life of the Phoenix community, champions the voice of business in government, and keeps business informed, connected and prosperous. More than 3,600 businesses representing approximately 310,000 employees belong to the Chamber. Established in 1888, the Chamber is the oldest and largest business organization in the state. Employee Solutions provides employers, franchisers, and associations throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. with comprehensive payroll management, human resources consulting services, benefits design and administration services, administration and compliance with state and federal workplace legislation, and unemployment, disability and workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. insurance, claims and administration. For additional information, access the company's Web site at www.employeesolutions.com. Note: The discussions in this news release that are not historical facts are "forward-looking statements" intended to qualify for the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. from liability established by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks and uncertainties include but are not limited to the ability of the company to sign and manage a substantial number of individual Greater Phoenix Chamber Of Commerce member accounts, the ability of the company to sign and manage other large national or regional accounts successfully over the long term, and other risks set forth in the company's Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended Dec. 31, 1998 and its Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended June 30, 1999. |
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