Pitney Bowes and FMAudit Enter Global Agreement

STAMFORD, Conn., September 24, 2007 - Pitney Bowes Management Services (PBMS), a wholly-owned subsidiary of Pitney Bowes Inc. (NYSE:PBI) announced today that it has entered into an agreement with FMAudit LLC, a leading provider of managed print services applications.

Under the terms of the agreement, PBMS can license the following FMAudit products in the U.S. and internationally to support the print asset and centralized reprographic management services PBMS provides on-site at its customer facilities: Viewer USB; Central; On-Site; Agent; Web Audit and Viewer PC.

Vincent De Palma, executive vice president and president, PBMS, stated that FMAudits technology enhances PBMS mailstream solutions offering, Pitney Bowes PrintWorks. He explained that this technology provides a more secure, accurate and faster collection of usage data and status information from a customers fleet of printers, copiers and multi-function devices (MFDs) into PBMS Fleet Asset Manager centralized database, and reduces human error for more accuracy and shorter implementation times, all at a lower cost.

What this means from a value perspective is more accurate and timely billing, a solid audit trail to help ensure regulatory compliance, better reporting and better asset management over time, and improved service level agreements, De Palma stated, adding, after examining the offerings of other companies in this area, weve concluded that FMAudit is the only one that has as comprehensive a technology set.

Richard Piper, president and CEO of FMAudit, affirmed that PBMS and FMAudit naturally align. He further articulated that the companys structure, geographic reach, customer base and market prowess, combined with FMAudits flexible, secure, fast and accurate technology results in unmatched credibility to deliver a powerful management services offering.

This relationship marks the beginning of a new chapter in the management services market. In addition to synchronization with the Pitney Bowes PrintWorks solution, PBMS print asset management offering, PBMS will transcend traditional management activities by having their sales engineering teams leverage the same software to deliver improved print asset management information to customers, Piper stated. We look forward to continuing to deliver the most innovative and cost effective solution to further fuel PBMS growth initiatives by achieving a competitive edge and penetrating accounts higher and wider with more value-added solutions.

About FMAudit

FMAudit specializes in Management Services applications. The data captured through the offerings is simultaneously leveraged for both Assessment and Management. The solutions drive high-impact value through automated metering & billing, just-in-time supply replenishment and device error alerts with intelligent notification handling. For more information on FMAudit, call (573) 632-2461, or visit the FMAudit website at www.fmaudit.com.

About Pitney Bowes

Pitney Bowes is a mailstream technology company that helps organizations manage the flow of information, mail, documents and packages. Our 35,000 employees deliver technology, service and innovation to more than two million customers worldwide. The company was founded in 1920 and annual revenues now total $5.9 billion. More information is available at www.pb.com.