Pitney Bowes Document Messaging Technologies

STAMFORD, CT March 7, 2000 -- Karl Schumacher has been named President of docSense, a new stand-alone business of Pitney Bowes Inc. (NYSE:PBI). docSense offers professional services and software solutions for Internet billing, payment and statement applications for the business-to-consumer, business-to-business, and internal messaging markets. Previously, Mr. Schumacher was Vice President and General Manager of the Document Factory Solutions group of Pitney Bowes Inc. and pioneered the firm's highly successful host-to-post strategy for global 2000 companies as well as its Digital Document DeliveryTM (D3) capability. As President of docSense, Mr. Schumacher will now direct a new business initiative that is focused exclusively on migrating high volume billers from hard copy statement processing to web-based and other delivery channels. The business will serve as the "biller's advocate in this newly emerging and fast moving area of e-commerce," says Mr. Schumacher.

Robert Calabrese is Vice President of Sales and Professional Services for docSense. Mr. Calabrese is responsible for directing a staff of more than 60 sales and consulting services personnel who help billers implement Electronic Bill Presentment and Payment capabilities, including the critical e-commerce components of data quality, print stream management, customer relationship management, and control and reporting. Mr. Calabrese has more than three years of sales management experience with Pitney Bowes. Previously, he managed sales for Structural Dynamics Research Corp., a firm that developed software for data integrity, data mining and computer aided design. Mr. Calabrese received a BA degree in marketing from Dowling College. Lenore O'Connor is Vice President of Marketing and Product Management for docSense. Ms. O'Connor has more than four years of marketing management experience with the Production Mail and Document Factory Solutions Division of Pitney Bowes and was instrumental in helping develop the firm's Digital Document DeliveryTM marketing strategy. She has also played a key role in realigning and integrating the marketing and product management resources for the Division's software and services capabilities, which has helped speed the implementation of advanced processing concepts like the automated document factory. Ms. O'Connor also has experience with Control Data Corp., where she held positions in marketing communications management. She is a graduate of Adelphi Business School. Douglas Quine is Product Guru for docSense. He is responsible for guiding new product development, coordinating solution development with strategic partners, and custom-tailoring solutions to individual biller sites. Dr. Quine is a former professor at the University of Illinois and holds a BA degree from Princeton University and a Ph.D. degree from Cornell University. He has written computer programs using multiple languages, has evaluated and selected the technologies used to automate messaging, and has nearly four years of experience building web sites, including monitoring and analyzing patterns of consumer use. One of his personal web sites recently won the Britannica Internet Guide Award for excellence in content, presentation and usability.

Elizabeth Trumbull is Director of Business Development for docSense. She is responsible for developing partnerships with distribution providers, technology providers, integration service companies, and other complementary product providers. Mrs. Trumbull has three years of experience with Pitney Bowes Management Services, where she was a senior technical advisor for the development of digital products and services. Her background is large-scale systems integration, including defense contracting and imaging/electronic document management systems. Mrs. Trumbull received a BA degree in economics from William and Mary College.

Pitney Bowes provides the world's most comprehensive suite of mailstream software, hardware, services and solutions to help companies manage their flow of mail, documents and packages to improve communication. Pitney Bowes, with $5.5 billion in annual revenue, takes an all-inclusive view of its customers' operations, helping organizations of all sizes enjoy the competitive advantage that comes from an optimized mailstream. The company's 86 years of technological leadership have produced many major mailstream innovations, and it is consistently on the Intellectual Property Owners Association's list of top U.S. patent holders. With approximately 34,000 employees worldwide, Pitney Bowes serves more than 2 million businesses through direct and dealer operations. More information about the company can be found at www.pb.com.