BRADENTON, Fla., Jan. 24, 2007 (PRIME NEWSWIRE) -- Gevity (Nasdaq:GVHR), the leading provider of a comprehensive insourced employment management solution, today announced the opening of its Ontario, CA office, which will provide the company's human resource solution to small- and mid-sized businesses.
The Ontario office is staffed with experienced sales and service professionals. With this expansion, small- and mid-sized businesses in the Inland Empire, which spans 60 miles from north to south and over 50 miles wide, will now have local access to Gevity's total solution, delivered by certified, in-market HR professionals, specially trained to help improve business performance through enhanced employment management practices.
Dr. Michael Stull, Director of the Inland Empire Center for Entrepreneurship, commented on Gevity's expansion to Ontario, "Gevity's new office is further evidence of the growth and maturation we're seeing in the Inland Empire. The human resource services Gevity provides are especially critical for small and medium sized companies to maintain their competitive edge. They are definitely an asset to this region."
"The office expansion facet of our multi-layer growth strategy is intended to drive growth and production by broadening the reach of our field organization," commented Erik Vonk, Chairman and Chief Executive Officer. "Our new market team identified Inland Empire as an area with exceptionally attractive market dynamics."
About Gevity
Thousands of small and mid-sized businesses nationwide leverage the flexibility and scalability of Gevity's Human Resources (HR) solution to help them maximize the return on investment in their people. Essentially, Gevity (Nasdaq:GVHR) serves as the full-service HR department for these businesses, providing each employee with support previously only available at much larger companies.
Gevity delivers a comprehensive solution comprised of innovative management and administration services, helping employers to streamline HR administration, optimize HR practices, and maximize people and performance. This solution enables both businesses and their employees to achieve their full potential, giving them an edge over competitors.
Gevity's unique approach features Gevity OnSite(tm) -- experienced HR Consultants based in local markets -- backed by nationwide resources and easy-to-use technology, including Gevity Online(tm) and Gevity OnCall(tm). For more information, call 1.800.2GEVITY (1.800.243.8489) or visit gevity.com.
A copy of this press release can be found on the company's Web site at www.gevity.com.
Pursuant to the Private Securities Litigation Reform Act of 1995, the company is hereby providing cautionary statements to identify important factors that could cause the company's actual results to differ materially from forward-looking statements contained in, or implied by, this press release. Forward-looking statements are those that express expectations, beliefs, plans, objectives, assumptions or future events or performance that are not historical facts. They are often expressed through the use of words or phrases such as "will result," "are expected to," "anticipated," "plans," "intends," "will continue," "estimated," "projection," "forecast" and similar expressions. The results or events contemplated by forward-looking statements are affected by known and unknown risks that may cause the actual results of the company to differ materially from any future results expressed or implied by such forward-looking statements. Many of these risks are beyond the ability of the company to control or predict, such as risks relating to the following: to the company's guidance for 2006, including the challenges to achieving the company's growth strategy in general, gaining new client employees while passing on increased pricing, increasing professional service fees, resolving issues with the multi-carrier choice program, penetrating the middle market and opening new geographic offices, and its long-term performance standards for 2007 through 2010, our dependence on technology services, the adequacy of our insurance-related loss reserves, the availability of insurance coverage for workers' compensation and medical benefits, damage due to hurricanes and other natural disasters, risks inherent in our acquisition strategy, our dependence on third party technology licenses, our dependence on key personnel, qualified service consultants and sales associates, fluctuations in our quarterly results and sustaining our growth, variability in health insurance claims, state unemployment tax rates and workers' compensation rates, liabilities resulting from our co-employment relationship with our clients, credit risks of our large clients, short termination provisions in our professional services agreements, our geographic market concentration, collateral requirements of our insurance, regulatory compliance, Internet and related security risks, potential liabilities due to potentially being an "employer" due to ERISA and tax regulations and litigation, challenges to expansion due to varying state regulatory requirements, competition and risks relating to recovering insurance premiums paid to a Bermuda reinsurance company. These and other factors are described in the company's filings with the Securities and Exchange Commission, including under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Annual Report on Form 10-K. Any forward-looking statement speaks only as of the date on which such statement is made. The company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.