Panel Discussion Focuses on Long-term Partnership Between HR & Senior

                                  Management

STAMFORD, Conn., Oct. 15 /PRNewswire-FirstCall/ -- Pitney Bowes Inc. (NYSE: PBI) today announced that Chairman and CEO Michael J. Critelli and Senior Vice President and Chief Human Resources Officer Johnna Torsone will lead a panel discussion at the Hunt-Scanlon annual Human Capital Advantage Forum: Emerging Strategies in Human Capital, a leading human resources conference, regarding collaboration between human resources and executive management. Their presentation will focus on the benefits to a company's bottom line when the CEO and Human Resources Officer work in concert to meet growth objectives and implement a leadership succession plan.

The conference takes place on October 15th and 16th at the Waldorf-Astoria Hotel in New York City. Mr. Critelli and Ms. Torsone will participate on the second day of the conference at 10:30 AM in a panel discussion titled: Establishing an Effective Long-Term Partnership Between HR & Senior Management.

Mr. Critelli and Ms. Torsone will participate in an exchange with conference delegates, moderated by Joanna Miller, Managing Director-Corporate Officers and Executive Assessment at Russell Reynolds Associates. They will share best practices on how to leverage executive management and HR relationships. The pair will also reference some of the challenges that Pitney Bowes faced in recent years, including transitioning the workforce in a changing marketplace, and the company's approach to attracting, retaining and developing talent and leadership.

"The chief executive officer needs to develop a close working relationship with human resources management to achieve their business objectives. The type of relationship between our executive management and human resources leaders plays a key role in our ability to make the right decisions that are critical to our aggressive growth strategy," said Mr. Critelli.

"Mike and I share the same vision when it comes to the role of Human Resources at Pitney Bowes," said Ms. Torsone. "We have worked hard to ensure that our Human Resources professionals are true business partners in driving our growth and success."

This conference is part of Hunt-Scanlon's Human Capital Conference series designed to prepare chief executives and human resources professionals with the most effective strategies on human capital management issues such as recruiting and retaining world class talent. The conference series also allows participants to learn the latest thinking on other human capital management issues, including the utilization of HCM technology and the management of corporate diversity.

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 two million businesses through direct and dealer operations.

SOURCE  Pitney Bowes Inc.
    -0-                             10/15/2003
    /CONTACT:  Adam Jeamel, +1-860-826-1796, ajeamel@gaffneybennett.com for
Pitney Bowes/
    /Web site:  http://www.pitneybowes.com /
    (PBI)

CO:  Pitney Bowes Inc.
ST:  Connecticut
IN:  OFP
SU:  TDS

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7161 10/15/2003 14:45 EDT http://www.prnewswire.com