'David Snow, CEO of Medco Health Solutions, Inc., Elected to the Board of
                                  Directors'

STAMFORD, Conn., May 8 /PRNewswire-FirstCall/ -- Today, Pitney Bowes Inc. (NYSE: PBI) held its 86th Annual Meeting of Stockholders at its Stamford-based headquarters.

Chairman and CEO Michael J. Critelli discussed the company's solid performance in 2005 and its exciting growth opportunities throughout the mailstream in 2006 and beyond. "As a result of our ongoing success in executing our growth strategies, we are serving more customers, with more solutions, in more segments of the mailstream than ever before," Mr. Critelli said. "Given the foundation for growth that we have laid over the last few years, and our solid performance in 2005, we are confident in our ability to leverage the numerous growth opportunities which lie ahead."

Mr. Critelli noted that during the past five years, the company has completed 59 acquisitions totaling more than $1.8 billion, refreshed virtually its entire product line, and developed new services tailored to industries with unique mail and document management needs.

"The mailstream is immense, diverse and rapidly changing," Mr. Critelli said. "And with our leading-edge technology and operational expertise, nobody is in a better position than Pitney Bowes to capitalize on the opportunities across every facet of the mailstream."

During the meeting, David B. Snow, Jr., Chairman and CEO of Medco Health Solutions, Inc. was elected to the Board of Directors for a three-year term. Medco, with revenue of nearly $38 billion, is one of the nation's leading pharmacy benefit managers, operating the largest mail-order pharmacy and the largest specialty pharmacy in the country.

Mr. Snow's career in health care spans 25 years and includes executive leadership roles for companies that include Oxford Health Plans, American International Healthcare Inc., and U.S. Healthcare, Inc. Prior to joining Medco in March 2003, he was President and Chief Operating Officer of Wellchoice, Inc. (formerly EmpireBlue Cross BlueShield).

In other business related to the composition of the Board of Directors, stockholders also elected three directors to three-year terms: Anne Sutherland Fuchs, a consultant to private equity firms; James H. Keyes, Retired Chairman, Johnson Controls, Inc.; and David L. Shedlarz, Vice Chairman, Pfizer Inc.

Mr. Critelli also acknowledged the retirement of Colin G. Campbell after 29 years as a member of the Board of Directors. Mr. Campbell is Chairman and President of The Colonial Williamsburg Foundation. He previously served as President of the Rockefeller Brothers Fund.

In other stockholder actions during the meeting, Pricewaterhouse Coopers LLP was appointed as the company's independent registered public accounting firm for 2006. Stockholders also approved an amended executive incentive plan and a stock purchase plan for employees in the United Kingdom.

Pitney Bowes engineers the flow of communication. The company is a $5.6 billion global leader of mailstream solutions headquartered in Stamford, Connecticut. For more information about the company, its products, services and solutions, visit www.pitneybowes.com.

This document contains "forward-looking statements" about our expected future business and financial performance. Pitney Bowes assumes no obligation to update any forward-looking statements contained in this document as a result of new information or future events or developments. Words such as "estimate," "project," "plan," "believe," "expect," "anticipate," "intend," and similar expressions may identify forward-looking statements. Forward- looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to: negative developments in economic conditions, including adverse impacts on customer demand, timely development and acceptance of new products or gaining product approval; successful entry into new markets; changes in interest rates; and changes in postal regulations, as more fully outlined in the company's 2005 Form 10-K Annual Report filed with the Securities and Exchange Commission. In addition, the forward-looking statements are subject to change based on the timing and specific terms of any announced acquisitions or dispositions.

     Contact:
     Sheryl Y. Battles
     VP, Corporate Communications
     (203) 351-6808

SOURCE  Pitney Bowes Inc.
    -0-                             05/08/2006
    /CONTACT:  Sheryl Y. Battles, VP, Corporate Communications, +1-203-351-
6808, or Charles F. McBride, VP, Investor Relations, +1-203-351-6349, both of
Pitney Bowes Inc./
    /Web site:  http://www.pitneybowes.com /
    (PBI)

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

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1288 05/08/2006 11:27 EDT http://www.prnewswire.com