PB Direct President Recognized for Marketing Excellence by
                    The Direct Marketing Club of New York

STAMFORD, Conn., Oct. 27 /PRNewswire-FirstCall/ -- Pitney Bowes Inc. (NYSE: PBI) today announced that the Direct Marketing Club of New York has awarded Pitney Bowes PB Direct President Neil Metviner the Silver Apple Award. Metviner will be honored at an awards luncheon in New York City on November 14th along with seven other award winners.

"I am honored to be awarded the Silver Apple," said Metviner. "We are very proud of the success we've had in marketing our products and services to the small business market. At PB Direct, we have more than 800,000 small business customers and are constantly looking for new and innovative ways to deliver more value to them. We've been able to leverage our brand to partner with other leading companies to offer our customers access to valuable products, services and information that can help them run their businesses more efficiently and effectively with special discount prices."

PB Direct, a division of Pitney Bowes, delivers world-class mail and document management solutions to small and home office businesses. In addition to its hardware and software offerings, PB Direct publishes an award winning magazine, Priority, A Pitney Bowes Publication(TM), which provides valuable information for small businesses to help them run their businesses more successfully.

The Silver Apple Award was conceived in 1985 by past presidents of the Direct Marketing Club of New York. Its purpose is to honor the direct marketing industry's most distinguished achievers -- the men and women who, for 25 years or more, have made generous contributions to the well being and growth of our industry.

Past Silver Apple Award recipients include: Dick Benson, Annette Brodsky, John Caples, Larry Chait, Tom Collins, Henry Cowan, Bob Dale, Andi Emerson, Lester Wunderman, Nat Ross, Irving Wunderman, Robin Smith, John Cleary, Richard Wolter and many more. Each year, the past presidents receive nominations from the DMCNY's membership, and as a committee, they elect the final winners.

Pitney Bowes is the world's leading provider of integrated mail and document management systems, services and solutions. The $4.4 billion company helps organizations of all sizes engineer the flow of communication to reduce costs and increase impact, and enhance customer relationships. The company's 80-plus years of technological leadership has produced many major innovations in the mailing industry and more than 3,500 active patents with applications in a variety of markets, including printing, shipping, encryption, and financial services. With approximately 33,000 employees worldwide, Pitney Bowes serves more than 2 million businesses through direct and dealer operations.

     Contact:  Dan Burris
               Pitney Bowes Inc.
               203-351-6477
               daniel.burris@pb.com


SOURCE  Pitney Bowes Inc.
    -0-                             10/27/2003
    /CONTACT:  Dan Burris of Pitney Bowes Inc., +1-203-351-6477,
daniel.burris@pb.com/
    /Web site:  http://www.pitneybowes.com /
    (PBI)

CO:  Pitney Bowes Inc.
ST:  Connecticut, New York
IN:  ADV OFP
SU:  AWD

JM 
-- NYM122 --
6472 10/27/2003 10:24 EST http://www.prnewswire.com