STAMFORD, Conn.--(BUSINESS WIRE)--April 11, 2000--

Quiet, Easy-to-Use, DM300(TM) Mailing System

Brings Digital Technology To Low Volume Mailers

Pitney Bowes Inc. (NYSE: PBI) Mailing Systems Division has introduced the first in a series of digital metering solutions that will take the noise -- and hassles -- out of mail processing for small to mid-sized businesses. The DM300(TM) Mailing System improves productivity, is extremely easy-to-use, and its whisper-quiet operation makes it a perfect fit for the office environment. The DM300 joins ClickStamp(TM) Online, the PostPerfect(R) Mailer and the Galaxy(R) Mailing System to complement the industry's only full-range of digital mailing solutions. Now businesses that process anywhere from 5 to 5,000 pieces of mail per day can get ahead of the mailing curve by employing the digital printing technology that they demand and the postal service is expected to require in the future.

The DM300(TM) System is a perfect fit for the busy office environment. Its digital printing makes it whisper-quiet, so it won't even disturb a phone conversation. And, the ink jet printing capability ensures that mail is not only processed fast, but that it looks professional -- a key to helping it get opened and read. Also, the stylish design and small footprint will complement and fit in virtually any setting. Some additional benefits that are sure to make this system an office favorite include:

-- Elimination of trips to the Post Office -- A single key touch

        is all it takes to replenish the meter with postage by modem.
        Postage refills are available 24 hours a day, 7 days a week,
        with our Postage By Phone(R) Meter Resetting System. Also, the
        U.S. Postal Service has mandated that all new meters installed
        today must be capable of remote resetting. So, the DM300
        enables users to immediately comply with this new regulation.

    --  Tip-to-tip sealing ensures security -- The DM300(TM) Mailing
        System securely seals every piece it handles. Mailers will
        never have to worry about important business communications
        being lost or exposed due to an open envelop flap.

    --  Elimination of returned mail due to incorrect dating -- An
        internal clock automatically advances the date, and operators
        can even advance the date when they want to get a jump on
        processing tomorrow's mail.

    --  Stay in control -- An easy-to-read display lets you know if
        you are low on postage or ink, and the system will even
        prevent you from accidentally applying too much postage.

In addition, the DM300(TM) Digital Mailing System enhances productivity for the office environment. By processing up to 65 letters per minute, the DM300 gets the mail finished and out the door quickly. It can also handle thick envelopes, flats and parcels using pre-cut, self-adhesive tapes. These tapes can be automatically dispensed 25 at a time, so there are no bottlenecks in processing a wide variety of mail. The system also tracks and reports expenses for up to 25 accounts, so client chargebacks are fast and error-free.

The DM300(TM) System delivers in other ways too. According to independent surveys, mailers can save up to 20% in postage with precise, electronic weighing; and when the DM300(TM) System is integrated with a 5 lb. Integra(TM) scale, those savings are assured because the meter automatically prints the correct postage. Guesswork and manual keying errors are eliminated. Businesses can also deliver an additional, free marketing message on every piece of mail they send by using one of seven envelope advertisements stored in memory

The DM300(TM) Mailing System is also Energy Star(R) compliant and has a "sleep mode" that means businesses can conserve electricity and "power-up" quickly without sacrificing quality or performance. And, perhaps most importantly, the digitally encrypted meter provides unequalled security while satisfying all current postal regulations.

"Customers that tested the DM300(TM) for us really loved the system -- in fact, many refused to give it up", stated Tim Bates, Vice President, Marketing, Pitney Bowes Mailing Systems. "The reasons for this are clear. Digital systems are highly secure, extremely flexible and, they provide unmatched benefits for today's business mailer. We feel confident that the leading-edge technology found in the DM300 Mailing System is the benchmark for the industry."

Pitney Bowes Inc. 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. For more information about the company visit www.pitneybowes.com.

ClickStamp, DM300, Galaxy, Integra, Postage By Phone and PostPerfect are all trademarks of Pitney Bowes Inc. All other marks are the products of their respective companies.

CONTACT: Pitney Bowes, Stamford

             Jim Berkovich, 203-351-7514
             berkovji@pitneybowes.com
                    or
             Ogilvy PR Worldwide, New York
             Iya Davidson, 212-880-5340
             iya.davidson@ogilvypr.com