STAMFORD, Conn., March 20 /PRNewswire/ -- Pitney Bowes Inc. (NYSE: PBI) and ITParade.com, the leading B2B E-Commerce marketplace for Information Technology (IT) have formed a strategic partnership that provides buyers and sellers in the ITPARADE.com marketplace a reliable and easy-to-use on-line payment solution for completing transactions.

Since equipping their site with the PitneyEscrow online payment solution, ITParade.com has completed two large transactions for Internet toy retailer, eToys, and iPass, a provider of remote Internet access technology. By using Pitney Bowes' on-line escrow solution, ITParade.com enables buyers and sellers to complete transactions on its site. Pitney Bowes' online escrow service, PitneyEscrow, is seamlessly integrated into ITParade.com's transaction platform and is the only method of payment offered by the site.

The ITParade.com marketplace has begun encountering a rise in both the size and volume of its transactions as the Internet shake-out has forced several companies to liquidate their technology equipment. Others, that continue to thrive in the New Economy, are driven to re-sell their existing equipment in order to upgrade to more advanced technologies. Both eToys and iPass have recently decided to liquidate large-ticket telecommunications, networking, and computer equipment, and have been successful in completing transactions through ITParade.com's marketplace while using the PitneyEscrow service.

"The Pitney Bowes brand name enhances our credibility and assurance of payment, providing our customers the confidence to execute both small-and- large transactions online," said Robert Davie, Executive Vice President for ITParade.com. "We selected Pitney Bowes because of their technology platform and ability to provide an easy-to-use and comprehensive payment solution. Pitney Bowes is head and shoulders above their competition in both efficiency and customer service, and we look forward to growing this partnership in the years to come."

"Online marketplaces are frequently troubled by potential buyers who opt to locate merchandise online and complete transactions directly with the vendor offline," said Michael Ryan, Vice President for Pitney Bowes Capital Services. "We provide value to ITParade.com by ensuring that users will remain online throughout the transaction process, which eliminates the risk of losing commissions offline."

About Pitney Bowes

Pitney Bowes Inc. is a $4 billion global provider of integrated mail, messaging and document management solutions headquartered in Stamford, Connecticut. The company serves over 2 million businesses of all sizes in more than 130 countries through dealer and direct operations. Pitney Bowes Capital Services, through its PitneyB2BCapital suite of products and services, is rapidly becoming a leading facilitator of online financial services. PitneyB2BCapital offers real-time, secure transactions using innovative proprietary technology, providing buyers and sellers with the security of a trusted third party. For additional information about Pitney Bowes, please visit our website at http://www.pitneybowes.com.

About ITParade.com

ITParade.com is the Leading B2B E-Commerce Company for the IT marketplace. The company provides complete Internet marketplace and exchange services for a wide range of corporations and dealers worldwide. ITParade.com's business model focuses on providing the most efficient trading, marketing, and selling marketplace, where all participants can have access to the widest range of IT products at the most efficient prices, and with the most complete information on the prices, availability, and customers worldwide. ITParade.com provides catalog listings, auctions, reverse auctions, and RFQ processes for both corporations and dealers to participate in. ITParade acts as the scorekeeper and facilitator for all interested parties. ITParade.com does not take possession of IT products but instead generates its revenue from transaction fees and advertising.

    For More Information Contact:

    Kelly O'Brien                        AJ Goodman
    Pitney Bowes Capital Services        PR21 for Pitney Bowes
    203-922-4291                         212-299-8986
    kobrien@pbfs.com                     aj.goodman@pr21.com

SOURCE Pitney Bowes Inc.

CONTACT: Kelly O'Brien of Pitney Bowes Capital Services, 203-922-4291, kobrien@pbfs.com; or AJ Goodman of PR21, 212-299-8986, aj.goodman@pr21.com, for Pitney Bowes/