Pitney Bowes Inc Announces
as Wholly-Owned Subsidiary
Three Key Executive Positions Created and Filled (July 12, 2001)

Pitney Bowes Inc (NYSE: PBI) has created three new officer positions following its acquisition of Alysis Technologies in order to better serve the needs of its customers and to reflect its strong commitment to expanding and capitalizing on the global e-commerce opportunity.

Pitney Bowes, the leading provider of digital presentment software, has expanded to include Jim Flynn as Chief Operating Officer (COO). Edward Tomczuk has been promoted to the position of Controller. Each will continue to report to Karl Schumacher, president of Pitney Bowes. Louis Provenzano was named Senior Vice President of WorldWide Digital Sales, reporting to Robert Calabrese, Vice-President of Sales.

"Over the first year that Document Messaging Technologies has been in existence we've built an infrastructure, a great team, and defined a winning strategy that is based on delivering compelling value," said Karl Schumacher. "We are excited to contribute to the overall Pitney Bowes goal of building shareholder and customer value by establishing a sustainable, profitable, and competitive position for Document Messaging Technologies as the premier provider of software and services in the emerging electronic business market. Following the merger with Alysis, we have sharpened our focus on the Business to Business market for electronic bills and invoices."

"I am thrilled to assume the responsibilities of COO for Pitney Bowes," said Jim Flynn. "We confidently offer the best technology in the market, along with Professional Services uniquely suited to fit that technology into almost any electronic business implementation."

Mr. Flynn's primary focus will be business development but will also include sales, customer support, engineering and product development. Prior to the merger he was the COO and Vice-President of Alysis Technologies, Inc.

Since starting his career in 1983, Flynn has accomplished many milestones, including successfully building multiple software companies from the ground up; co-authoring one of the first books on Java programming; and holding positions in applications development, computer hardware engineering, sales, marketing, and executive management.

"We are delighted to announce the appointment of Edward Tomczuk to Controller," said Karl Schumacher. "Ed has played an important role for us in the four years he has been with Pitney Bowes. He has a strong set of financial skills, is very familiar with our strategic and operating goals and is an effective leader.

Tomczuk's duties as Controller will be to assume a major role in financial reporting, budgeting, forecasting and financial analysis. "Above all, Ed will continue to be the key financial advisor to the Document Messaging Technologies executive team," added Schumacher. "This promotion is an overdue confirmation of Edward Tomczuk's value to Pitney Bowes."

Tomczuk's prior position was Manager of Finance for Pitney Bowes, where he was a key member of the due diligence and integration teams that merged Alysis Technologies, Inc. into the Pitney Bowes corporation.

"I am very excited for this opportunity to contribute at a higher level to an organization that is ready to become the dominant player in our field," said Tomczuk. "Electronic Billing is poised to take off and when it does, Document Messaging Technologies will be at the forefront."

Edward Tomczuk has a degree in Business Administration from Governors State University and is a Certified Public Accountant. He is a member of AICPA and the Illinois CPA Society.

Louis F. Provenzano has been named Senior Vice President of Worldwide Sales for Digital Document Delivery. In this role, Provenzano will be responsible for capitalizing on significant revenue opportunities that the global e-presentment marketplace offers. He held the same position with great success for Alysis Technologies prior to the merger.

"We believe that Louis' combination of business and technical expertise makes him an excellent choice for this extremely high profile position," said Calabrese. "Louis has an excellent track record and we are pleased that he has accepted this challenge."

"I'm looking forward to great success with Pitney Bowes," said Provenzano. "The combination of best of breed technology with the market reach and financial strength of Pitney Bowes is extremely compelling and will enable us to build a new franchise in a market that has awesome potential."

Pitney Bowes Inc. is a $3.9 billion global provider of integrated mail, messaging and document management solutions headquartered in Stamford, Connecticut. The company serves over 2 million businesses of all sizes in more than 130 countries through dealer and direct operations.

Pitney Bowes is the company's global provider of premier solutions for the creation and distribution of efficient and effective documents in paper and digital form. More Information about Pitney Bowes is available at http://www.pbdmt.com