BOSTON--(BUSINESS WIRE)--Feb. 13, 2001--

Partnership Offers RetailExchange.com Members Escrow Functionality

When Completing Transactions

RetailExchange.com, a leading online business-to-business exchange for excess consumer products, and Pitney Bowes (NYSE:PBI) today announced a partnership under which Pitney Bowes Capital Services will provide escrow services to RetailExchange.com's online marketplace. The seamlessly integrated online escrow service will benefit all exchange members by increasing seller confidence and providing a secure way for buyers to coordinate payment for goods.

Pitney Bowes' flexible online escrow service accepts funds from buyers in a variety of ways, including wire/ACH transfer, check, money order or credit card. Payments are released to sellers after all agreed-upon conditions have been satisfied. The escrow service fully supports RetailExchange.com's existing negotiation format allowing members to negotiate length of the inspection period, conditions to be met before payment, the funds release schedule, and many other attributes.

"Our partnership with Pitney Bowes attests to RetailExchange.com's commitment to offer our members comprehensive transaction support services," stated Ken S. Frieze, CEO and President of RetailExchange.com. "This new online escrow service provides members additional confidence, when necessary, to complete transactions."

"We are excited to be offering online escrow services to RetailExchange.com's customers. Our partnership is a clear indication that business-to-business e-commerce exchanges want to provide the most comprehensive financial services available," stated Michael Ryan, vice president of Pitney Bowes Capital Services, "and demonstrates to all members, buyer or seller, that Pitney Bowes can provide tailored, flexible options for their transactions and will use innovative technology to do so."

About RetailExchange.com

RetailExchange.com is a leading online business-to-business global marketplace for excess consumer products. The exchange currently holds one of the world's largest online selections of off-price deals in such categories as apparel, home goods, electronics, footwear, health & beauty, toys, giftware, and more. The site allows both buyers and sellers to control the process of trade through a negotiated sales format that protects brands and sales channels. Buyers and sellers can privately communicate with each other, making it faster, easier and less costly to consummate a deal. RetailExchange.com is backed by Gordon Brothers Group, Internet Capital Group, Dorset Capital, Castile Ventures, 3i, Koch Ventures, Exeter Funds and American Express Financial Services. For more information, visit RetailExchange.com's Web site at www.retailexchange.com or call 1-800-572-5114.

RetailExchange.com and the RetailExchange.com logo design are trademarks of RetailExchange.com, Inc.

About Pitney Bowes

Pitney Bowes Inc. is a $3.9 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 www.pitneybowes.com.

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