Senate Homeland Security and Governmental Affairs Committee Approves Bill

STAMFORD, Conn., June 22 /PRNewswire-FirstCall/ -- Pitney Bowes Inc. (NYSE: PBI) applauded today's action by the Senate Homeland Security and Governmental Affairs Committee in approving the Senate postal reform bill (S.662) by a vote of 15-1.

"Today's markup of the Senate bill is an important step in Congress delivering comprehensive postal reform," said Michael J. Critelli, Chairman and CEO of Pitney Bowes. "This is great news for the American mailing public, the 9 million people employed in the U.S. mailing industry, and for the ability of the Postal Service to make mail a competitive communications medium in the 21st century. 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 $5.1 billion company helps organizations of all sizes efficiently and effectively manage their mission-critical mail and document flow in physical, digital and hybrid formats. Its solutions range from addressing software and metering systems to print stream management, electronic bill presentment and presort mail services. The company's 85 years of technological leadership have produced many major innovations in the mailing industry, and it is consistently on the Intellectual Property Owner's list of top U.S. patent holders. With approximately 35,000 employees worldwide, Pitney Bowes serves more than 2 million businesses through direct and dealer operations. More information about the company can be found at http://www.pb.com .

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

SOURCE  Pitney Bowes
    -0-                             06/22/2005
    /CONTACT:  Matt Broder, VP, External Communications of Pitney Bowes,
+1-203-351-6347 /
    /Web site:  http://www.pb.com /
    (PBI)

CO:  Pitney Bowes
ST:  Connecticut
IN:  CPR PAP
SU:  LEG POL EXE CPN

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