SHELTON, Conn.--(BUSINESS WIRE)--March 13, 2000--Pitney Bowes Inc. (NYSE: PBI), and Siemens ElectroCom, L.P. today announced the formation of a strategic alliance to address the increasing need among mid-to-large sized businesses and postal services for automated support in sorting, processing and managing incoming mail. Both companies are leveraging their industry leading positions and technological expertise to jointly develop, manufacture, and market products to mailers and postal services alike.

Each company will concentrate on their core markets: Pitney Bowes will market to mailers as well as federal and state government customers, while Siemens ElectroCom will sell to postal services, including the USPS, and mail presort houses.

As a result of this alliance, Pitney Bowes has created the Incoming Messaging Solutions (IMS) business, headed by Charlene Malone, Vice President and General Manager. IMS will focus on delivering solutions that automate message management to increase productivity and reduce costs. "Our Incoming Messaging Solutions business is the latest example of how Pitney Bowes applies technology to enhance the value and impact of mail and messaging. Businesses need intelligent solutions to manage the flow of incoming mail and internal messaging. We will provide an array of hardware, software and web-based applications that reduce processing, speed access and prioritize delivery of mission critical mail and messaging," said Ms. Malone.

Siemens ElectroCom will market through its existing Flats Subdivision business segment headed by Jeff Gilb, Vice President and General Manager. "This initiative is strategic for Siemens ElectroCom because it allows us to apply our mail processing technology that has been proven in thousands of high-volume postal installations to new markets: the corporate mailroom and postal processing facilities of medium volume and size," said Dan Thompson, Siemens ElectroCom, L.P. President and Chief Executive Officer. "We are confident that our close business relationship with Pitney Bowes will help both companies achieve higher level of growth and attain higher level of sales over the next few years," he added.

ABOUT PITNEY BOWES

Pitney Bowes Inc., headquartered in Stamford, Conn., is a $4.4 billion global provider and worldwide leader of integrated mail and messaging management solutions that meet the increasingly complex needs of its customers in businesses of all sizes. Incoming Messaging Solutions is a business group within Pitney Bowes' Software and Services Solutions, and will address incoming mail and messaging applications in mid-to-large sized companies. The Incoming Messaging Solutions business is located in Shelton, Conn. For more information on Pitney Bowes, visit the company's Website at www.pitneybowes.com

ABOUT SIEMENS ELECTROCOM, L.P.

Siemens ElectroCom, L.P. headquartered in Arlington, Texas, is a member of Siemens

Corporation and Siemens AG, one of the world's largest electrical engineering and electronics companies. Together with its sister company, German-based Siemens ElectroCom GmbH, Siemens ElectroCom (SEC) is the world market leader in postal automation systems and services. Over 15,000 Siemens ElectroCom postal automation systems are in operation in 30 countries around the world. In the U.S. alone, SEC has provided over 10,000 postal automation systems for the United States Postal Service, and has received numerous performance and quality awards. For more information on Siemens ElectroCom, visit the company's Website at www.kst.siemens.de

CONTACT: Pitney Bowes, IMS

              Jean Poulin
              203/924-3920
                 or
              Ogilvy Public Relations
              Jason Burak
              212/880-5337
                  or
              Siemens ElectroCom
              Monica Viso
              817/695-5719