New PSI Group Site Opens in South Carolina

Officials Hail Job Creation

DUNCAN, South Carolina, February 19, 2007 - PSI Group, Inc., the nations leading provider of mail presort services, officially opened its newest site here today, the 31st location in the companys national network.

The facility, located at 240 Commerce Center in Duncan, has the capacity to presort up to 1.5 million pieces of first-class and standard mail every day, and can potentially be expanded as the market grows. The 30,000-square-foot center employs approximately 75 people.

This is the beginning of a long and exciting partnership with the local business community, said Jay Oxton, president and COO of PSI Group, Inc. We are committed to the success of our customers throughout the area and look forward to serving their needs.

State, regional and local officials expressed their appreciation for the companys decision to expand in South Carolina. U.S. Senator Lindsey Graham (R-SC) said of the companys decision, Im pleased to welcome PSI Group to South Carolina. Im confident they will find the Upstate to be an excellent location to do business and live.

Hal Johnson, President and CEO of the Upstate Alliance, said the regional economic development group helped PSI find a site after getting a tip last fall that it was putting a facility in the area. This project is a great example of multiple organizations working together for the common good of the citizens of the Upstate, Johnson said.

"PSI's decision to locate and build this southeastern facility in Spartanburg County demonstrates our communitys ability to attract quality companies providing excellent job opportunities for the citizens of Spartanburg, commented The Honorable Jeffery A. Horton, Chairman of Spartanburg County Council and member of the SCEDC Board of Directors.

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 PSI Group, Inc.

PSI Group, Inc., a Pitney Bowes company (NYSE:PBI), is the nations largest mail presorting company, enabling customers to receive significant postage discounts on first class and standard mail. PSI provides high-quality service for its core business of mail presort and complementary mailing services. The company currently handles ten billion pieces of mail per year through its 31 facilities across the United States.