STAMFORD, Conn., May 14, 2007 (BUSINESS WIRE) -- Today, Pitney Bowes Inc. (NYSE:PBI) held its 87th Annual Meeting of Stockholders at its Stamford-based headquarters.

Michael J. Critelli presided over this historic meeting in his new role as Executive Chairman, and he noted, "As Murray and I both assume new roles today it represents an exciting new phase in our company's history. I am pleased that since taking leadership as CEO in 1996, Pitney Bowes has transformed into a stronger, more resilient enterprise capable of delivering consistent growth and profitability. It has been an honor to serve our shareholders as CEO. I am confident in our company's future and I look forward to the new ways that this new leadership structure will help us take advantage of the growth opportunities ahead for you and for Pitney Bowes."

Attendees witnessed Murray D. Martin's first address as President and Chief Executive Officer. Mr. Martin is only the 6th Chief Executive officer in the company's 87 year history, and he commented on the success of the company's strategies and its confidence in the future. "This is an exciting time to be leading Pitney Bowes. Our strategies are working and we are transforming the mailstream into a more powerful platform for delivering value to our customers and our shareholders. For customers, we are leveraging our diversified portfolio of mailstream solutions to help them grow their business and enhance operational efficiency. For shareholders, we are leveraging opportunities within the mailstream to deliver sustainable growth. Since the end of 2000, when we launched our strategies, we have delivered a compound annual return to our shareholders of about 11 percent, substantially better than both the market and our peer group averages over that period. Looking ahead we are confident in our future and the value we can deliver as we expand our reach across the entire mailstream."

In his remarks Mr. Martin acknowledged the contributions of Michael J. Critelli, who today assumed his new role of Executive Chairman. "Over the past decade, and particularly since I became Chief Operating Officer in 2004, Mike and I have worked closely to chart a course for Pitney Bowes' future; a course that capitalizes on the significant potential inherent in our business and that is focused on driving greater value for shareholders, customers and employees. While our roles are changing, our mission remains the same: to capitalize on the many growth opportunities we see and to position Pitney Bowes for long-term success."

During the meeting, stockholders elected four directors to three-year Board terms: Linda G. Alvarado, President and Chief Executive Officer, Alvarado Construction, Inc.; Ernie Green, President, Ernie Green Industries, Inc.; John S. McFarlane, former Chief Executive Officer, Ascendent Telecommunications Inc.; and, Eduardo R. Menasce, retired President Enterprise Solutions Group, Verizon Communications Inc.

In other actions during the meeting, stockholders ratified the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for 2007. Stockholders approved the company's 2007 stock plan and an amendment to the company's by-laws to require majority vote to elect directors in an uncontested election.

Pitney Bowes engineers the flow of communication. The company is a $5.8 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.

SOURCE: Pitney Bowes Inc.

Pitney Bowes Inc.
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Sheryl Y. Battles, 203-351-6808
VP, Corporate Communications
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Charles F. McBride, 203-351-6349
VP, Investor Relations