Senate Governmental Affairs Committee Unanimously Approves Bill

STAMFORD, Conn., June 2 /PRNewswire-FirstCall/ -- Pitney Bowes Inc. (NYSE: PBI) applauded today's action by the Senate Governmental Affairs Committee in approving the Senate postal reform bill (S.2468) by a vote of 17-0. The bill was introduced last month by Senator Susan Collins, Chairman of the Senate Governmental Affairs Committee, and Senator Tom Carper, the Committee Democrat who has taken the lead on postal reform issues.

"We are encouraged by the continued momentum of postal reform legislation in the Senate," said Michael J. Critelli, Chairman and CEO of Pitney Bowes. "Today's markup of the Senate bill is another important step on the road to making comprehensive postal reform a reality. Pitney Bowes greatly appreciates the work of Committee Chairman Collins, Senator Carper, and Senators Lieberman, Stevens and others in moving this bill forward. Now we turn our attention to further consideration and action by the full Senate and House."

    Pitney Bowes has called for legislation that:

     * Clarifies that the mission of the Postal Service is to maintain
       universal physical mail service at affordable rates;

     * Enhances private sector partnerships for the most cost effective postal
       system;

     * Encourages the Postal Service to embrace technology;

     * Maintains price stability while increasing pricing flexibility; and

     * Improves the Postal Service's tools to manage its business and
       employees.

Pitney Bowes is the world's leading provider of integrated mail and document management systems, services and solutions. The $4.6 billion company helps organizations of all sizes reduce costs, increase effectiveness 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. More information about Pitney Bowes can be found at http://www.pb.com.

     Contact:  Matt Broder
     Pitney Bowes
     VP, External Communications
     203-351-6347

SOURCE  Pitney Bowes Inc.
    -0-                             06/02/2004
    /CONTACT:  Matt Broder, VP, External Communications of Pitney Bowes Inc.,
+1-203-351-6347/
    /Web site:  http://www.pb.com /
    (PBI)

CO:  Pitney Bowes Inc.
ST:  Connecticut
IN:  CPR
SU:  EXE LEG

LI 
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5247 06/02/2004 16:50 EDT http://www.prnewswire.com