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Exhibit 99.4
FOR IMMEDIATE RELEASE CONTACT: DAN CLARK
Chief Communications Officer
Cleveland, Ohio
(216) 447-9000
JOSEPH PLUMERI COMPLETES CBIZ LEAD DIRECTORSHIP
Cleveland, Ohio, September 26, 2000--Century Business Services, Inc. (Nasdaq:
CBIZ) ("CBIZ"), today announced that Joseph J. Plumeri II has accepted a
leadership management position with an unaffiliated company headquartered in
London, England. As Mr. Plumeri's new duties will require a full-time commitment
and extensive international travel, he is relinquishing his position on the
Board and as Lead Director. Mr. Plumeri began his term as Lead Director April
26, 2000.
In the capacity of Lead Director, Mr. Plumeri has defined and directed the
implementation of a strategic plan for CBIZ, including a comprehensive expense
reduction program, a more efficient operating and reporting corporate management
structure, and uniform corporate-wide standards for policies and procedures.
With regard to his remaining responsibility as Lead Director, the recruitment of
a Chief Executive Officer, Mr. Plumeri has recommended two final candidates to
the Board for consideration.
"CBIZ wishes Mr. Plumeri the best of luck in his future endeavors," commented
Jerry Grisko, CBIZ President and COO. "We are grateful for the valuable
contributions he has made."
Century Business Services, Inc. is a provider of outsourced business services to
small and medium-sized companies throughout the United States. The Company
provides integrated services in the following areas: accounting and tax;
employee benefits; wealth management; property and casualty insurance; payroll;
IS consulting; and HR consulting. CBIZ also provides valuation; litigation
advisory; performance consulting; government relations; commercial real estate;
wholesale insurance; healthcare consulting; medical practice management;
worksite marketing; and capital advisory services. These services are provided
throughout a network of more than 200 Company offices in 36 states and the
District of Columbia, as well as through its subsidiary, CBIZ Small Business
Solutions, a franchisor of accounting services with more than 550 offices in 47
states.
Forward-looking statements in this release are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those projected. Such risks
and uncertainties include, but are not limited to, the Company's ability to
acquire and finance additional businesses; the Company's ability to adequately
manage its growth; the Company's dependence on the current trend of outsourcing
business services; the Company's dependence on the services of its key
employees; the Company's ability to adequately estimate its liability reserves
for its insurance businesses; the possibility of market reverses in its
investment portfolios; competitive pricing pressures; general business and
economic conditions; and changes in governmental regulation and tax laws
affecting its insurance business or its business services operations. A more
detailed description of such risks and uncertainties may be found in the
Company's filings with the Securities and Exchange Commission.
For further information regarding CBIZ, call our Investor Relations Office at
(216) 447-9000 or visit our web site at www.cbiz.com. To receive CBIZ press
releases via e-mail, please write to [email protected].
