New Pitney Bowes PSI Site to Open in Iowa

URBANDALE, Iowa, August 27, 2008 - Pitney Bowes PSI, the nations leading mail presorter, today announced that it is opening a new site in Urbandale, Iowa. The site will be Pitney Bowes PSIs 37th location in its national mail presort services network.

Located at 4350 121st Street, Meredith Industrial Park IV, Urbandale, the facility will have the daily capacity to presort up to three million pieces of First-Class letter mail when it opens in October 2008 and will look to increase volume considerably in the first year of operations. The 78,000 square foot center will initially employ approximately 70 people.

Pitney Bowes PSI is pleased to join Urbandale and the Greater Des Moines region as a new member of the business community, said Jay Oxton, president of Pitney Bowes PSI. We look forward to working with area customers and the Hawkeye District of the USPS® by offering mail service solutions that can help our clients optimize deliverability, and reduce postage costs and operational expenses.

Presort services enable medium and large mailers to qualify for discounts on their postage by aggregating mail from multiple sources and then sorting it by ZIP Code before it enters the United States Postal Service® network. These services not only make it less expensive to send mail, but also can speed delivery by up to one day depending on the destination.

About Pitney Bowes PSI:

Pitney Bowes PSI is the nations leading mail presorter, enabling customers to receive significant postage discounts on First-Class letters and flats, and Standard Mail®. Pitney Bowes PSI provides high-quality service for its core business of mail presort and complementary mailing services. Pitney Bowes PSI currently handles 14 billion pieces of mail per year through its 37 facilities across the United States. Pitney Bowes PSI is a Pitney Bowes Inc. (NYSE:PBI) company.

First-Class, USPS, ZIP Code, United States Postal Service and Standard Mail are trademarks owned by the United States Postal Service.