Critelli to Address Executives at FORBES Magazine Galleries to Recognize

Pitney Bowes and Others Among the Top 20 Companies for Leaders

STAMFORD, Conn., Oct. 29 /PRNewswire-FirstCall/ -- Michael J. Critelli, Chairman and Chief Executive Officer of Pitney Bowes Inc. (NYSE: PBI), will speak today at an exclusive gathering of senior management executives where the Top 20 Companies for Leaders, as ranked by Chief Executive Magazine, will be recognized. Pitney Bowes was selected as one of the top 20 companies for leaders in the United States.

The reception, which will take place at the FORBES Magazine Galleries in New York City, will be hosted by Hewitt Associates, a global human resources outsourcing and consulting firm, Chief Executive Magazine, and FORBES Magazine.

Mr. Critelli will briefly address other leading executives on Pitney Bowes' ongoing efforts to recruit, retain and develop leaders. In addition to remarks from Mr. Critelli, senior management executives will also hear from Steve Forbes, Publisher of FORBES and former candidate for President of the United States, Marc Effron, Global Practice Leader of Hewitt's Leadership Consulting and Bill Holstein, Editor-in-Chief at Chief Executive Magazine.

"It is an honor to join Mr. Forbes and executives from other top companies to share ideas on leadership development," said Mr. Critelli. "Our success is the result of providing development opportunities for existing employees to prepare and engage the next generation of leaders, while reinforcing our pipeline by attracting outside talent. Pitney Bowes is very pleased to be recognized for its efforts to source, retain and grow leaders."

Pitney Bowes is one of 20 companies identified by the Chief Executive magazine panel of judges (consisting of world-renowned authors, professors, business executives, and executive coaches) as a top organization for leaders in the U.S. Hewitt Associates provided the judges with data and information through its recently-released Top Companies for Leaders study, which examines the leadership programs, policies and procedures of more than 300 major U.S. companies, and details what separates the best companies for leaders from the rest.

Mr. Critelli has been Chairman and CEO of Pitney Bowes since 1997. Prior to becoming Chief Executive Officer, Mr. Critelli served in various capacities at Pitney Bowes, including Vice Chairman, President - Financial Services, Secretary and General Counsel, and Chief Personnel Officer. He has been awarded four U.S. patents for mailing technology. He received a B.A. from the University of Wisconsin and a J.D. from the Harvard Law School. He is also Chairman of the Board of Trustees for the National Urban League and serves on the Board of Eaton Corporation.

Pitney Bowes is the world's leading provider of integrated mail and document management systems, services and solutions. The $4.4 billion company helps organizations of all sizes engineer the flow of communication to reduce costs and increase impact, and enhance customer relationships. The company's 80-plus years of technological leadership has produced many major innovations in the mailing industry and more than 3,500 active patents, with applications in a variety of markets including printing, shipping, encryption, and financial services. With approximately 33,000 employees worldwide, Pitney Bowes serves more than two million businesses through direct and dealer operations.

    Contact:  Adam Jeamel
              On Behalf of Pitney Bowes
              (860) 826-1796
              ajeamel@gaffneybennett.com


SOURCE  Pitney Bowes Inc.
    -0-                             10/29/2003
    /CONTACT:  Adam Jeamel, +1-860-826-1796, ajeamel@gaffneybennett.com, for
Pitney Bowes Inc./
    /Web site:  http://www.pitneybowes.com /
    (PBI)

CO:  Pitney Bowes Inc.; FORBES Magazine
ST:  Connecticut
IN:  CPR OFP MAG PUB
SU:

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9503 10/29/2003 12:27 EST http://www.prnewswire.com