STAMFORD, Conn.--(BUSINESS WIRE)--May 4, 2000--Seven senior executives at Pitney Bowes Inc. (NYSE:PBI) demonstrated their confidence in the company's fundamentals by acquiring approximately 35,000 shares of the company's stock since the announcement of first quarter earnings. Chairman and CEO Michael J. Critelli led the way by adding 7,000 shares in the last three weeks to the more than 39,000 shares he has acquired earlier this year.

"Pitney Bowes management strongly believes in the long term direction and value of the company and these significant personal investments highlight that commitment," said Mr. Critelli.

In addition to the 35,000 shares recently purchased, Pitney Bowes executives acquired more than 79,000 shares since the beginning of the year for a total of approximately 114,000 shares. This total includes a nearly 30,000 share increase in ownership by President and COO Marc C. Breslawsky. Shares were acquired through a combination of open market purchases and stock option exercises.

Pitney Bowes Inc. is a $4.4 billion global provider of informed mail and messaging management. It serves 118 countries through dealer and direct operations. For more information about the company, visit www.pitneybowes.com.

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