STAMFORD, Conn., Nov. 8 /PRNewswire/ -- Pitney Bowes Capital Services, a division of Pitney Bowes Inc. (NYSE: PBI), today announced two new strategic client wins for its PitneyEscrow online service. AdvancedAssetServices, a premier Web site for the disposal of capital assets and AssetLine, an exchange specializing in the sale of construction equipment, will work closely with Pitney Bowes Capital Services which manages a large portfolio of capital equipment.

PitneyEscrow, the first online product offered by Pitney Bowes Capital Services B2B product suite, provides e-marketplaces with escrow management, funds management, secure communications and logistics. PitneyEscrow offers both the B2B buyer and seller confidence in the security of the transaction and increased control by holding agreed upon funds until all terms of the purchase are complete.

Both AdvancedAssetServices and AssetLine have a strong background in project consultation and disposition of assets. By using the PitneyEscrow service they will be able to grow their businesses by enhancing customer confidence and eliminating the uncertainty usually associated with online escrow payments.

Pitney Bowes Capital Services has been successful in establishing strategic partnerships and signing agreements with industry leaders, most recently with Bowstreet, a leading provider of XML infrastructure for plug-and-play e-commerce and elcom, inc., the e-procurement and e-marketplace solutions subsidiary of Elcom International, Inc. PitneyEscrow will be embedded into elcom, inc. by year-end. The XML integration for this and future partner sites is provided by the Bowstreet Business Web Factory, which enables multiple customized business processes for Pitney Bowes.

About Pitney Bowes Capital Services

In addition to being a market leader of large-ticket equipment financing for the Fortune 1000, Pitney Bowes Capital Services, through its PitneyB2BCapital suite of products and services, is rapidly becoming a leading facilitator of online financial services. PitneyB2BCapital offers real-time, secure transactions using innovative proprietary technology, providing buyers and sellers with the security of a trusted third party. Additional information on the PitneyB2BCapital suite can be found at http://www.pitneyb2bcapital.pb.com or PitneyEscrow at http://www.pitneyescrow.pb.com. Pitney Bowes Capital Services is a division of Pitney Bowes Inc., a $4.4 billion global provider of messaging management. Additional information on Pitney Bowes can be found at http://www.pitneybowes.com.

Advanced Asset Services, Inc.

Advanced Asset Services is a recognized leader in professional asset recovery and disposition services. The Company has successfully managed major projects for global organizations such as Lucent Technologies, Raytheon Company, Lam Research, Fairchild Semiconductor, Dade Behring, AT&T, Bull, and Quest Diagnostics, as well as numerous moderately sized projects for regional organizations in need of experienced asset recovery advisors. Their team has over 25 years combined experience and has represented equipment sales with an original acquisition value in excess of $300 million. Additional information on Advanced Asset Services can be found at http://www.advancedassetservices.com.

AssetLine.com

Assetline is a global exchange for used construction equipment. The Company specializes in asset consultation enabling buyers to make a secure and informed purchase without an on-site visit. Strategic Alliances include Deutsche Bank Financial Services, Kuhne&Nagel, Societe Generale Suisse and AON, one of the world's largest insurance brokers. AssetLine has associations with Pitney Bowes, Waybid and Bidpath. Additional information on AssetLine's services can be found at http://www.assetline.com. SOURCE Pitney Bowes Capital Services

CONTACT: Kelly O'Brien of Pitney Bowes Capital Services, 203-922-4291 or kobrien@pbfs.com; or Thomas Lutazi of PR21, 212-299-8995 or thomas_lutazi@pr21.com, for Pitney Bowes Capital Services; or Thomas J. Noonan of AdvancedAssetServices, 508-747-2250, ext. 101 or tjn@advancedlink.com; or Paul Turner of AssetLine, 267-256-2888 or pturner@assetline.com/