New Home Expected to Accommodate Future Growth Plans
BRADENTON, Fla., June 7 /PRNewswire-FirstCall/ -- Gevity today announced the company's planned move this fall to a new headquarters facility in nearby Lakewood Ranch, Florida.
According to Erik Vonk, Gevity's Chairman and Chief Executive Officer, "Following a lengthy, careful search we were very pleased to find an outstanding new office facility right here in Manatee County to accommodate our anticipated growth and to better serve our clients and their employees throughout the country."
Building on its continued success, Gevity, the leading provider of a comprehensive insourced employee management solution, said it will move to a 100,000-square-foot campus in the Lakewood Ranch Corporate Park, a 600-acre business center located along the I-75 corridor and approximately 12 miles from the company's existing facility.
BUILDING FOR THE FUTURE
Mr. Vonk continued, "We have negotiated favorable terms for a 10-year lease on a Class 'A' office space that has a minimal impact on ongoing operating expenses. The facility, which was originally designed as a technology center for a national security management company, is equipped with multiple redundant systems. It provides us with a state-of-the-art technology infrastructure and the flexible space to create a more efficient work environment. Our new home features a wide-open design with abundant natural light and windows that can be viewed from throughout the building."
He added, "We see this as an opportunity to create an environment that reflects the future of our business. With plenty of adjacent room for expansion, this is a building that will serve us very well going forward." He stated further, "The timing of the move is excellent, coinciding with the commencement of the full roll-out of the New Generation of Services, which we believe significantly enhances Gevity's future growth potential."
AN AWARD-WINNING ADDRESS
The company said Lakewood Ranch is an award-winning, master-planned residential/commercial community located on the historic Schroeder Manatee Ranch in Bradenton. The office park is surrounded by wetlands and lakes in a beautiful campus-like setting. An extensive pedestrian and bike system connects commercial areas with green spaces, parks and open-air malls. To see more about the Lakewood Ranch area, visit http://www.lakewoodranch.com/ .
According to the company, Gevity's approximately 500 Bradenton area employees are expected to make the move in strategic stages during the fourth quarter of 2005, corresponding with the conclusion of Gevity's key Annual Benefits Enrollment period.
ABOUT GEVITY
Gevity helps clients increase profits, grow sales and improve customer satisfaction through our comprehensive employee management solution. We serve as the insourced human resource department to small- and medium-sized businesses nationwide. Our unique approach integrates three key drivers of business success: workforce alignment, administrative relief and business protection. We deliver our solution through our innovative people, processing and portal approach, combining the resources of our highly skilled human resource consultants and our scalable, Web-enabled technology platform.
A copy of this press release can be found on the company's Web site at http://www.gevity.com/ .
Pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"), Gevity HR, Inc. ("Gevity" or the "Company") is hereby providing cautionary statements identifying important factors that could cause the Company's actual results to differ materially from those projected in forward-looking statements (as such term is defined in the Reform Act) made by or on behalf of the Company herein, in other filings made by the Company with the Securities and Exchange Commission, in press releases or other writings, including in electronic form on its Internet Web site(s), or orally, whether in presentations, in response to questions or otherwise. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will result," "are expected to," "anticipated," "plans," "intends," "will continue," "estimated," and "projection") are not historical facts and may be forward-looking and, accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance of the Company to be materially different from any future results or performance expressed or implied by such forward-looking statements. These factors are described in further detail in the Company's Annual Report on Form 10-K and in other filings by the Company with the Securities and Exchange Commission. The Company cautions that these factors could cause actual results or outcomes to differ materially from those expressed in any forward-looking statements made by or on behalf of the Company. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for management to predict all of such factors. Further, management cannot assess the impact of each such factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
CONTACT: Anne-Marie Megela, Senior Director, Investor Relations of Gevity, +1-800-2GEVITY (+1-800-243-8489), ext. 4672, or annemarie.megela@gevity.com
Web site: http://www.gevityhr.com/ http://www.lakewoodranch.com/
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