STAMFORD, Conn.--(BUSINESS WIRE)--March 23, 2001--

Acquired Technologies Leveraged to Complement

Existing Pitney Bowes Incoming Messaging Solutions Systems

Pitney Bowes (NYSE:PBI) today announced the addition of high volume inbound mail sorting capability and voice recognition technology for automated address look-up to its incoming messaging solutions product line. Pitney Bowes' recent acquisition of MailCode enabled the company to integrate the powerful Olympus(R) and Voice Sort(TM) products into Pitney Bowes' existing M3(TM) Mixed Mail Manager product offerings; expanding the product's capability to meet the needs of mail operations of all sizes. These products will be marketed through Incoming Messaging Solutions' dedicated sales channel and supported by Pitney Bowes world-class service network.

"The inbound mail stream is an area of the mail center that tends to be overlooked. With our technology, we can help companies automate their processes to reduce costs while increasing the efficiency of processing incoming mail," said Charlene Malone, Vice President and General Manager of Pitney Bowes' Incoming Messaging Solutions. "By adding Olympus(R) and Voice Sort(TM) to our M3(TM) System product offering, Pitney Bowes now offers a full range of incoming mail solutions for businesses to improve productivity while achieving greater accuracy and faster processing time."

Using OCR technology, Olympus(R) accurately identifies and sorts mail pieces at high speeds including USPS incoming and interoffice mail. Its flexible design supports a myriad of applications including outbound processing for USPS presort discounts.

Designed exclusively for incoming mail applications, Voice Sort(TM) eliminates the time consuming task of memorizing employee names and mail stops. Utilizing patent pending Spell-It(TM) technology, Voice Sort(TM) provides the highest-speed and most accurate voice processing available. It improves the research mail process and reduces the traditional learning curve to better manage employee training and job rotation.

The M3(TM) Mixed Mail Manager was designed specifically for the corporate mail center environment. Using OCR technology, it quickly and automatically processes the highly diverse kinds of mail that come into your business with greater accuracy, including USPS and interoffice correspondence mail that varies greatly in size, shape and thickness.

With these solutions, companies can reduce the amount of time it takes to process incoming mail, sort mail with greater accuracy, create an accurate source of recipient information and automatically track and report mail operations information.

Pitney Bowes Inc. is a $4 billion global provider of integrated mail, messaging and document management solutions headquartered in Stamford, Connecticut. The company serves over 2 million businesses of all sizes in more than 130 countries through dealer and direct operations. Pitney Bowes Incoming Messaging Solutions combines cutting-edge technology with unequalled understanding of end-to-end mail processing to provide automation and processing solutions focused on the incoming mail stream. For additional information about Pitney Bowes, please visit our website at www.pitneybowes.com.

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