Business Editors

    STAMFORD, Conn.--(BUSINESS WIRE)--June 18, 1999-Pitney Bowes Inc. (NYSE: PBI) announced today that it has filed suit against Stamps.com Inc. of Santa Monica, Calif., in the United States District Court for the District of Delaware. The complaint charges Stamps.com with infringement of Pitney Bowes patents.

A spokesperson for the company, Sheryl Y. Battles, Executive Director, External Affairs, said: "Pitney Bowes has attempted to reach a negotiated solution with Stamps.com to avoid litigation and allow them to use Pitney Bowes patented inventions in their product. Though we have met and exchanged correspondence over a significant period of time, agreement was not reached on the outstanding issues.

"Pitney Bowes remains committed to finding common ground in which we can grant patent licenses to Stamps.com and other firms which fully and fairly compensates Pitney Bowes for its intellectual property. But, in the absence of that solution, our obligation to protect Pitney Bowes technology investments and safeguard shareholder value requires that we take this action."

Pitney Bowes has a long-standing practice of licensing its intellectual property, making pioneering technology, including key postage meter inventions, accessible to the marketplace worldwide. With more than 3,000 patents worldwide, Pitney Bowes is renowned for numerous inventions and improvements in mailing and paper handling technologies and is the inventor of many of the innovative technologies used in computer and virtual metering.

Pitney Bowes is a $4.2 billion global provider of informed mail and messaging management. For more information about the company, visit www.pitneybowes.com.

     --30--tia/ny*

     CONTACT:  Pitney Bowes Media Relations
               Media -  Alicia Sherry
               203/351-6477
                    or
               Financial - Charles F. McBride
               Exec. Director, Investor Relations
               203/351-6349

     KEYWORD:  CONNECTICUT
     INDUSTRY KEYWORD:  COMED INTERACTIVE/MULTIMEDIA/INTERNET
COMPUTERS/ELECTRONICS TELECOMMUNICATIONS