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Pitney Bowes Transforms Mailing Industry With New Line of Solutions

NEW YORK, May 6, 2002 /PRNewswire-FirstCall via COMTEX/ --

CEO Celebrates Company's Most Significant Product Launch, Rings New York Stock Exchange Closing Bell * New IntelliLink(TM) Technology Delivers Valuable New And Exclusive Mailing Services * DM Series Solutions Offer Unprecedented Functions, Services, Productivity

Pitney Bowes Inc. (NYSE: PBI) today celebrated the launch of the revolutionary DM Series digital mailing solutions, which provide customers with exclusive, business-critical mail services. The DM Series solutions, powered by IntelliLink Technology, provide a digital gateway for mailers to access Pitney Bowes and US Postal Service services that can greatly enhance productivity and mailroom efficiency. The DM Series represents the most comprehensive range of mailing solutions in the industry with offerings for businesses of all sizes - from the smallest home offices to the largest corporations. In honor of this historic launch, Pitney Bowes chairman and CEO, Michael J. Critelli, will ring today's closing bell at the New York Stock Exchange.

"As the industry leader, Pitney Bowes has always been committed to offering leading-edge, integrated solutions that deliver real value for our customers," said Mr. Critelli. "The DM Series equipped with IntelliLink is the most extensive and technologically advanced line of solutions we have introduced in our 82 year history. These solutions will allow our customers to access and leverage valuable information and new services that make the mail more efficient, easier-to-use and data enhanced."

IntelliLink Technology: "Your Digital Gateway to Exclusive Mail Services"

IntelliLink's state of the art architecture provides global access to a complete suite of management information and service capabilities. Customers can download carrier and postal rate, class or service changes; and they can even guard against obsolescence by obtaining instant updates for the DM Series operating system. IntelliLink provides 24/7 access to the Pitney Bowes Postage-by-Phone system for postal replenishment.

IntelliLink also enables customers to access online, USPS special services. Customers can access and leverage the benefits of Delivery and Signature Confirmation services and they can process and track Certified Mail online. For businesses starting a new campaign or using a new postal service, IntelliLink can deliver envelope ads and/or postal inscriptions at the touch of a button. IntelliLink also provides a variety of payment options creating greater financial flexibility and enhanced cash flow management.

The DM Series: Delivers "Productivity Simplified"

While IntelliLink Technology provides unmatched services, the core benefit of the DM Series is the vastly improved productivity provided in systems that are easy-to-operate. The DM Series requires no special operator training -- step-by-step on-screen prompts provide all the help that is needed. These simple to use systems also deliver new levels of productivity for mailing operations. Several new technologies have been developed that enable the DM Series to surpass the efficiency levels available in the past.

    -- Versatile Feeding Systems - Mail of varying thickness and size is
       aligned and fed with little or no adjustment required. This reduces
       spoilage and increases output.

    -- Integrated Weighing Systems - Each model provides an integrated
       weighing option that ensures that every piece of mail processed bears
       the correct amount of postage. The top-of-the-line systems offer our
       unique WOW Technology (Weigh-on-the-Way) that can process up to
       110 pieces of mixed weight mail a minute.

    -- Secure Sealing - Each model has pressure rollers to ensure a tip-to-tip
       seal every time. This protects the envelopes contents from damage or
       loss.

    -- High Output - Depending on the model selected, the DM Series can
       process from 90 up to 240 pieces of uniform mail per minute. With
       throughput like this, big jobs get out the door quickly.
The DM Series: Options

The DM Series is comprised of four different models -- the DM 500, DM550, DM800 and DM900 -- to suit the needs of any mail center. Every DM Series model is equipped with a wide variety of standard components and services including:

    -- IntelliLink Technology
    -- Digital Ink Jet Printing
    -- Online Help Screens
    -- Integrated Accounting Functions
    -- IntelliLink Control Panel
    -- Auto-dating
    -- Drop-in Roll Tape
    -- Low Postage Ink Alerts
    -- Password Security
    -- Seal and No Seal Modes
    -- And More ... .
Depending on the model, letter feed rates range from 90 letters per minute to 240 letters per minute. Maximum letter thickness ranges from 1/2" to 3/4".

    The DM Series will be available for purchase starting today (5/6/2002).
About Pitney Bowes

Pitney Bowes is a $4.1 billion global provider of integrated mail and document management solutions headquartered in Stamford, Connecticut. The company serves over 2 million businesses of all sizes through dealer and direct operations. For more information please visit www.pb.com.

    Contact:  Jennifer Panaro
              Jennifer.panaro@pb.com
              203-351-6823

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SOURCE Pitney Bowes Inc.

CONTACT:          Jennifer Panaro of Pitney Bowes, Jennifer.panaro@pb.com, +1-
                  203-351-6823

URL:              http://www.pb.com 
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