SHELTON, Conn.--(BUSINESS WIRE)--March 16, 2000--The Incoming Messaging Solutions business of Pitney Bowes' (NYSE: PBI) today introduced the M3(TM) Mixed Mail Manager--an automated messaging solution that processes, tracks and manages incoming mixed mail. The M3(TM) System, is the first in a suite of incoming messaging solutions from Pitney Bowes and results from the recently announced strategic alliance with Siemens ElectroCom.

The M3(TM) Mixed Mail Manager is a system designed to automate the processing of the highly diverse mix of mail coming into today's corporate mail centers such as postcards, letters, flats and magazines. Targeted for medium to large-sized companies processing between 2,500 and 25,000 pieces of mail per day, this system reads all incoming addresses, including handwritten and interoffice mail, dramatically reducing the need for manual sorting. The M3(TM) System also provides valuable reports that allow companies to monitor mail volume and type by department for improved planning and cost management, which are critical for improving mailroom operational efficiency. The M3(TM) Mixed Mail Manager is being introduced at the National Postal Forum from March 19 -22.

"The new M3(TM) System is a joint effort that brings together two global mail leaders," said Charlene Malone, Vice President and General Manager, Incoming Messaging Solutions. "Through the combination of Pitney Bowes' sophisticated feeder and software applications and Siemens ElectroCom's advanced optical character recognition and sorter technology, we have set a new standard in incoming mail automation and provided our customers with a powerful tool to meet their complex needs."

A significant increase in mail volume and continued pressure to control costs has brought mail sorting problems into sharper focus. Valuable productivity benefits of the M3(TM) System include:

- Mixed Mail Feeding and Sorting - The system's uninterrupted

        feeder eliminates the need for time consuming mail
        preparation. Unsorted mail such as postcards, letters, flats,
        magazines/catalogs and express envelopes, up to 1/2 inch thick
        and 2 lbs. in weight, is stacked on the feeder and rapidly
        delivered to the proper bins at speeds up to 7,200 pieces per
        hour. The system can be programmed to sort mail by destination
        to mail stop, floor or department with up to 2,300 sort
        groups.

    -   Employee Database Management - The employee database merges
        required data from multiple sources into one central database.
        The M3(TM) System then automatically reads each address,
        locates the recipient in the employee database and sorts the
        mail into the correct bin for delivery.

    -   Accounting and Management Reporting - The M3(TM) System's
        powerful reporting software provides valuable information to
        maintain tight control over mailroom costs. For resource
        planning and charge backs, accounting reports detail mail
        volume, type, usage, rates and processing time. Productivity
        reports measure operational efficiency of the system,
        operator, and sort schemes, while system performance reports
        provide summaries of actual read rates.

    -   Ergonomic and Modular Design - Each system is scalable to a
        company's needs, with extension modules and add-on software
        functionality that allow the system to grow along with the
        company's needs. By positioning the feeder and sort bins in
        close proximity, the system can be operated by one or more
        operators.

    ABOUT PITNEY BOWES

Pitney Bowes Inc., headquartered in Stamford, Conn., is a $4.4 billion global provider and worldwide leader of mail and messaging management solutions. The company is dedicated to providing integrated solutions to meet the increasingly complex messaging needs of its customers. The Incoming Messaging Solutions line of business is headquartered in Shelton, CT. For more information on Pitney Bowes, visit the company's Web site at www.pitneybowes.com

CONTACT: Ogilvy Public Relations Worldwide

             Jason Burak, 212/880-5337

             Pitney Bowes
             Jean Poulin, 203/924-3920