STAMFORD, Conn., March 4, 2005 /PRNewswire-FirstCall via COMTEX/ -- Pitney Bowes Management Services (PBMS), a subsidiary of Pitney Bowes Inc. (NYSE: PBI), today announced that it has signed a definitive agreement to acquire Compulit, Inc., a leading provider of litigation support services to law firms and corporate clients. This business will be part of the newly created Pitney Bowes Legal Solutions operation, which is led by Arlen Henock.

"Today's transaction is consistent with our growth strategy for management services and our company as a whole," said Michael J. Critelli, Chairman and CEO of Pitney Bowes. "One of our key strategies to deliver enhanced shareholder value has been to execute a series of strategic acquisitions that either strengthen our capabilities to add value in existing markets or provide a platform for accelerating our expansion into adjacent market places. We believe that litigation support services provide us with an excellent opportunity in this growing multi-billion dollar market. The acquisition of Compulit will expand our ability to provide a broader range of high value litigation support products and services to new and existing customers. It will also give Compulit customers convenient access to our full range of mail and document management services."

E. Jane Warnshuis, Founder and President of Compulit noted, "I am excited for our clients. Our clients now have the advantages of Compulit's unique skills and expertise combined with Pitney Bowes's worldwide resources. Our clients are the real winners."

Pitney Bowes Legal Solutions was formed at the beginning of the year to create high value, integrated solutions for law firms and corporate and government legal departments. The new business provides technology and services that help clients optimize the management, production and access to critical information in digital and physical formats. Its comprehensive portfolio of services includes on-site and off-site imaging and digital conversion, records management, word processing, coding, web repository, mail, reprographic and fax management. The team of industry specialists is headed by Arlen Henock, who is admitted to the bar in both New York and Connecticut.

Critelli added, "The formation of Pitney Bowes Legal Solutions is a direct outgrowth of our strategy to leverage PBMS's position as a market leader providing services to the largest law firms in the U.S. Taken together, this acquisition and the formation of Legal Solutions underscore our commitment to becoming the leading trusted provider of the most comprehensive range of technology and solutions for law firms and corporate and government legal departments."

Compulit currently provides a significant percentage of the top 100 U.S. law firms and multiple Fortune 100 companies with a range of litigation support solutions in critical areas such as document coding, electronic discovery, imaging, and document repository. It is headquartered in Grand Rapids, Michigan and has sales offices in Boston, Chicago, Dallas, Los Angeles, New York and Washington D.C. Compulit has approximately 230 full-time, part-time and temporary employees.

While no financial details were disclosed, the transaction is not expected to materially impact the company's results this year.

Pitney Bowes Legal Solutions is part of Pitney Bowes Inc. and the number one provider of document management services to the largest law firms in the U.S. Pitney Bowes is the world's leading provider of integrated mail and document management systems, services and solutions. The $5 billion company helps organizations of all sizes efficiently and effectively manage their mission-critical mail and document flow in physical, digital and hybrid formats. Its solutions range from addressing software and metering systems to print stream management, electronic bill presentment and presort mail services. The company's 80-plus years of technological leadership have produced many major innovations in the mailing industry, and it is consistently on the Intellectual Property Owner's list of top U.S. patent holders. With approximately 35,000 employees worldwide, Pitney Bowes serves more than 2 million businesses through direct and dealer operations. More information about the company can be found at http://www.pb.com.

The statements contained in this news release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may be identified by their use of forward-looking terminology such as the words "expects," "anticipates," "intends" and other similar words. Such forward-looking statements include, but are not limited to, statements about growth strategies, market expansion, etc. Such 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: severe adverse changes in the economic environment, 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 2003 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. The forward-looking statements contained in this news release are made as of the date hereof and we do not assume any obligation to update the reasons why actual results could differ materially from those projected in the forward-looking statements.

Sheryl Battles

VP, Corporate Communications

203-351-6808

SOURCE Pitney Bowes Inc.

Sheryl Battles, VP, Corporate Communications, +1-203-351-6808, or Charles F. McBride
VP, Investor Relations, +1-203-351-6349, both of Pitney Bowes Inc.

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