STAMFORD, Conn.--(BUSINESS WIRE)--March 27, 2000--Pitney Bowes Capital Services, a division of Pitney Bowes Inc. (NYSE: PBI), today announced the introduction of PitneyB2BCapital, a new suite of Web-enabled financial services.

The first offering, PitneyEscrow, is designed to help businesses execute high value online transactions with a greater level of assurance by providing escrow management, funds management, secure communications and logistics services. Specifically, PitneyEscrow helps both the B2B buyer and seller by securely holding funds until all terms of the purchase are agreed.

"As B2B transactions move online, the PitneyB2BCapital suite will offer financial services to help customers facilitate their transactions without increasing business risk unnecessarily," said Keith Williamson, President, Pitney Bowes Capital Services (PBCS). "At Pitney Bowes, we have considerable experience with handling online payments. After all, last year, we managed the transfer of over $13 billion of postage between customers and post offices around the world".

In addition to delivering financial services expertise, PitneyEscrow also brings secure online communications technology and logistics management capability to these B2B transactions.

PitneyB2BCapital Join Forces with SupplierMarket.com

SupplierMarket.com, a leading Internet marketplace for the buying and selling of manufactured direct materials, has announced an intent to use the Pitney B2BCapital product suite, and PitneyEscrow to create a secure environment for online transactions. PitneyB2BCapital is among the market-leading technology and services now offered by SupplierMarket.com, from companies such as Oracle, AT&T, Cahners Business Information and Dun and Bradstreet.

"PitneyEscrow will be a wonderful addition to the suite of financial solutions our customers need to complete online transactions in both a secure and efficient manner," said Jon Burgstone, Chief Executive Officer, SupplierMarket.com.

On the SupplierMarket.com marketplace, suppliers have the ability to browse RFQs that buyers have posted. Likewise, buyers with RFQs are matched to qualified suppliers by the SupplierMarket.com SmartMatch(SM) system. When a qualified list of suppliers has been finalized, a real-time, online bidding session is held where suppliers have the opportunity to bid for the buyer's business. At the end of the bidding, the buyer simply chooses the supplier that best meets its requirements.

Background

Forrester Research predicts that B2B online transactions will total $3.2 trillion worldwide by 2003. Addressing the lack of automation that currently exists among B2B Websites that facilitate e-commerce, Pitney Bowes Capital Services has developed the online proprietary technology in the PitneyB2BCapital suite that will leverage its financial strength as well as assets such as iSend and the company's logistics solutions. Additionally, with extensive experience in B2B transactions and a large customer base, Pitney Bowes is an industry veteran and trusted leader.

The PitneyB2BCapital product offering facilitates online financial services providing real-time, secure transactions using innovative proprietary technology and provides buyers and sellers with the security of a trusted third party. Pitney Bowes Inc. is a $4.4 billion global provider of mail and messaging solutions. Information on its full suite of mailing, marketing and financial products can be found on their website at http://www.pitneybowes.com. Please find additional information on PitneyB2BCapital at http://www.pitneyb2bcapital.com.

CONTACT: Pitney Bowes Credit Corp.

             Kelly O'Brien, 203/922-4291
             ObrienKE@pb.com
             or
             PR21
             Stacy Mackler, 212/352-3433
             Stacy_Mackler@PR21.com