Mar 03, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Pitney Bowes Inc. (NYSE: PBI) has reaffirmed its company strategy to expand in the global mailstream industry, and executives recently outlined numerous initiatives to capitalize in the especially high growth segments of this huge market.

Speaking at a conference for financial analysts and institutional investors in New York on March 1, Pitney Bowes Chairman and CEO Michael J. Critelli said the company sees several trends that make the mailstream an attractive place for Pitney Bowes to continue to invest.

Critelli described the mailstream as a massive market, comprising the data, software, hardware and services that enable the movement every year of more than 500 billion unique mail pieces worldwide, as well as the creation and movement of countless billions more documents within large organizations.

"We believe that we are at an inflection point in the mailstream, where changes in technologies and regulations are giving us an unprecedented opportunity to realize superior financial returns. This is the linchpin of our overall growth plan," Critelli said.

Among the high-growth segments of this vast global industry, Critelli noted, is life-event marketing - the targeting of direct mail offers to consumers at times of exceptionally high spending, such as when they purchase a home or register a car. Pitney Bowes participates in this market through its Imagitas subsidiary, acquired in 2005 and growing rapidly.

Another growth area is fueled by remote commerce, such as online auctions, Critelli said. Pitney Bowes provides software to manage postage for eBay sellers, and has received a fee for each of the tens of millions of packages these sellers have shipped using this service since it was launched two years ago. The partnership recently expanded to eBay Canada, and plans are in place to expand to other international markets as well.

A third driver of global mailstream growth is the set of reforms sweeping through postal authorities worldwide. These reforms differ in their specifics from country to country, but in the aggregate will bring greater customer choice for mailers, and greater transparency to the mailstream. Both developments create opportunities for Pitney Bowes to develop new products and services to enhance the value of mail for senders and recipients, according to Critelli.

These growth opportunities will combine with ongoing operational improvements to create superior financial returns, Critelli said. "Pitney Bowes will be able to sustain and build on our targets of four to six percent organic revenue growth rate and eight to 10 percent earnings per share growth over an unlimited time horizon," Critelli said.

Critelli described Pitney Bowes as a company with "a set of businesses that are inter-related, that draw power and synergy from one other, that are uniquely positioned to lead in their markets, and that will continue to produce high returns on capital and strong cash flow."

Other speakers at the investor conference included Pitney Bowes President and Chief Operating Officer Murray Martin, and Executive Vice President and Chief Financial Officer Bruce Nolop. A replay of the conference is available on the internet at http://www.pb.com/investorrelations.

About Pitney Bowes Inc.

Pitney Bowes provides the world's most comprehensive suite of mailstream solutions to help companies manage their flow of mail, documents and packages to improve communication. Pitney Bowes, with $5.5 billion in annual revenue, takes an all-inclusive view of its customers' operations, helping organizations of all sizes enjoy the competitive advantage that comes from an optimized mailstream. The company's 86 years of technological leadership have produced many major mailstream innovations, and it is consistently on the Intellectual Property Owners Association's list of top U.S. patent holders. With approximately 34,000 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 with 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 possible restructuring charges and our future guidance, including our expected revenue in the first quarter and full year 2006, and our expected diluted earnings per share for the first quarter and for the full year 2006. 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 2004 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 or business spin-offs. 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.

Media Contact: Sheryl Battles

VP, Corporate Communications
                   203-351-6808

SOURCE Pitney Bowes Inc.

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

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