Pitney Bowes Licenses Award-Winning Equitrac Solutions for Customers of Its Print Asset Managed Services

STAMFORD, Conn. & PLANTATION, Fla., February 04, 2008 - Pitney Bowes Inc. (NYSE:PBI) and Equitrac Corporation today announced an agreement in which Pitney Bowes wholly-owned subsidiary, Pitney Bowes Management Services Inc. (PBMS) will license Equitracs award-winning cost recovery and print management solutions at its customer facilities in the U.S. and internationally.

Under the terms of the agreement, PBMS will license Equitracs advanced print tracking and cost recovery solutions for the professional, education and general office markets in support of PBMS services offerings such as Pitney Bowes PrintWorks and Critical Communications Solutions.

Equitrac solutions licensed and promoted by PBMS at customer facilities include the award-winning Equitrac Professional 5 for professional firms, Equitrac Office 4 for the general office and enterprise market, and Equitrac Express 4 for educational institutions, including school districts, libraries, university and college campuses.

Equitracs secure document output, print waste control and advanced reporting capabilities translate into enhanced multi-function device (MFD) fleet management and more accurate and timely cost recovery, resulting in real bottom-line savings and improved service levels for PBMS customers, said Greg Van den Heuvel, president, Sales, Solutions and Marketing, PBMS

Van den Heuvel noted that Equitrac solutions enhance PBMS premier mailstream solution and other managed services offerings by providing advanced print tracking and superior automated document output reporting across a customers MFD fleet into PBMS Fleet Asset Manager centralized database.

Equitrac welcomes this opportunity to expand our longstanding relationship with PBMS into a new phase, supporting the delivery of PBMS print asset managed service offerings to its customers in the U.S. and abroad, said Michael Rich, CEO, Equitrac Corporation. Our award-winning solutions for the professional, education and general office markets will help PBMS to continue to expand its leadership position in the managed services market through delivery of value-added solutions to its customers.

Equitrac Professional 5 delivers copy, print, scan, phone, fax, postage, research, and other disbursement cost recovery and expense management fully integrated with a single point of administration. A standardized, next-generation solution on a single, scalable network service- based platform, Equitrac Professional 5 enables simplified and centralized IT maintenance and administration, leverages existing hardware investments for greater efficiencies and reduces total cost of MFD and output device fleet ownership.

Equitrac Office 4 supports networked MFD from every major office equipment manufacturer in the marketplace and is available as a device-embedded or terminal-based solution. Providing IT managers and systems administrators simple yet powerful tools for central networked control of the entire printer and copier fleet, Equitrac Office 4 allows easy application and modification of rules, real-time device monitoring and advanced automated reporting for accurate and detailed analysis of device usage, service and deployment needs.

Equitrac Express 4 delivers enhanced print and copy quota allocation and payment options for students, faculty, staff and campus and library guests, while helping to reduce waste and contain printer and copier costs, minimize IT resource requirements and reduce printing-related help desk calls. Equitrac Express 4 assists in effective management of the entire networked fleet of devices through a combination of real-time monitoring, intelligent rules-based alerts, a dynamic device status-based document routing capability and reporting on device faults and availability.

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 $6 billion. More information is available at www.pb.com.

About Equitrac

Equitrac Corporation is the world leader in intelligent cost recovery and print management solutions. Backed by an unmatched R&D program and the largest team of cost-recovery experts in the world, Equitrac enjoys preferred technology partnerships with the world's leading providers of hardware and software solutions for the office environment. From the Fortune Global 100 to college campuses, within the AMLAW 200 and in municipalities across the globe, Equitrac solutions are at work helping organizations recover costs, reduce waste, increase returns and maximize efficiency in printers, copiers and multifunction devices. For more information visit: www.equitrac.com.