Pitney Bowes and @Work Technologies
Provide Integrated Solution for Internet
Bill and Statement Delivery
Vendors join forces to add Internet capabilities
to production mail operations

Stamford, Conn., November 9, 1998 -- Pitney Bowes Inc. (NYSE: PBI) the world leader in messaging technology, and @Work Technologies Inc. (New York, NY), a leading vendor of Internet bill and statement distribution software, announced today that they have implemented an Internet billing solution that is tightly integrated with existing production mail operations.

Pitney Bowes has incorporated @Work's WorkOut^TM server into the Pitney Bowes Digital Document Delivery (D3) platform. The D3 solution provides billers with a comprehensive platform for rendering, distributing, tracking and processing bills previously distributed on paper through electronic channels, such as the Internet. It also provides billers with the capability to enroll participants on-line for alternative document delivery options.

Pitney Bowes will utilize its 75 years of experience with more than 2 million customers worldwide in the production management of billing statements and other documents for the implementation of its new D3 service. By using the WorkOut server as a parsing and presentment engine, the D3 solution enables billers to utilize existing legacy generated print streams that contain billing statements in order to repackage them for publishing in media other than print and mail, such as the Internet.

"The D3 solution will enable large volume mailers to distribute their statements through a wider array of electronic mediums while at the same time providing overall management of the outbound messaging process," said Karl Schumacher, Vice President and General Manager, Pitney Bowes Document Factory Solutions. "By partnering with @Work Technologies, we feel that we have truly created a vendor independent and channel neutral bill delivery platform for our customers."

One of the unique benefits of the D3 solution is its sophisticated work-flow tracking capabilities. This allows a biller or a billing service provider to closely monitor and optimize every step in the statement rendering process, whether the bill is delivered on paper or through electronic delivery channels. The D3 solution also creates tailored, "one-to-one" personalized documents to maximize their impact for cross and up-selling potential.

WorkOut is an innovative software product that securely distributes high volumes of computer-generated bills over the Internet. WorkOut can deliver documents as HTML Web pages and richly formatted HTML or plain text electronic mail messages. Moreover, since WorkOut supports the Open Financial Exchange Bill Presentment (OFX-PRES) standard defined by Microsoft, Intuit and CheckFree, WorkOut and D3 users can be confident that their billing systems will be compatible with exciting new on-line banking and electronic commerce applications. WorkOut is 100% Java application. Consequently, it can run on virtually any major computing platform. The current release supports Microsoft Windows NT, Sun Solaris and most major UNIX platforms.

"The WorkOut server is capable of parsing billing data out of virtually any input format, including the complex mainframe print streams that organizations already use to create their paper bills." Said Jim Flynn, General Manager of @Work Technologies. Flynn added: "By integrating WorkOut's data extraction and presentation capability into the Pitney Bowes D3 architecture, we are dramatically cutting the time and cost associated with implementing Internet billing services by enabling organizations to leverage their existing bill creation and production mail infrastructure."

About @Work Technologies
@Work Technologies was founded in 1995 for the purpose of providing advanced document distribution and electronic commerce applications by using Java and other Internet-based technologies. The company is headquartered in New York City. @Work's staff members have developed some of the World's leading document management and electronic money transfer software packages.

Trademarks
WorkOut is a registered trademark of @Work Technologies, Inc. Java is a registered trademark of Sun Microsystems. Windows NT is a registered trademark of Microsoft Corporation. All other products or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners.