STAMFORD, Conn.--(BUSINESS WIRE)--Dec. 20, 1999--Pitney Bowes Inc. (NYSE: PBI) added to an impressive list of recognition and awards for its diversity practices, after being named by Working Woman magazine as one of the "Top 25 Companies for Executive Women" in 1999. This marks another stellar year, as Pitney Bowes won a fourth prestigious award from a national publication applauding the company for some of its leading diversity practices. This is the second consecutive year Pitney Bowes has been honored by three national magazines for hiring, promoting and retaining women and minorities in its workforce. The fourth publication saluted Pitney Bowes for its community outreach.

In addition to the award from Working Woman, which also acknowledged Pitney Bowes achievement in 1998, Fortune Magazine named the company to its list of "America's Best Companies for Minorities." Pitney Bowes is also on Latina Style Magazine's Latina Style 50, recognizing the companies that provide the best professional opportunities for Latinas. Also this year, Pitney Bowes won Asian Enterprise Magazine's 1999 Corporate Advocate of the Year award for its outreach to Asian-owned businesses.

These notable achievements reflect the company's ongoing success in building an awareness and commitment to diversity throughout all levels of the organization. Michael J. Critelli, Chairman and Chief Executive Officer, Pitney Bowes said, "Pitney Bowes has been a longtime proponent of the strategic business value of a diverse workforce and of partnering with minority and women's organizations. We are enormously pleased that these diverse publications agree that we are reaching our objectives."

Pitney Bowes' history of diversity leadership spans almost six decades. The company has also been recognized for its diversity initiatives with several other awards. Earlier this year, Hispanic Magazine named Pitney Bowes to the "1999 Hispanic Corporate 100," for companies providing the most opportunities for Hispanics, and Hispanic Engineer and Information Technology named the company as one of "America's Top Employers of Hispanic Technical Talent." In 1998, Minority MBA named the company as one of the "10 Top Employers for Minority Business Managers".

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

     CONTACT: Sheryl Y. Battles
              Pitney Bowes Inc.
              (203) 351-6808