Pitney Bowes Receives USPS(R) CASS(TM) Certification on SmartMailer(TM) and AddressRight(R) Pro Software Solutions

STAMFORD, Conn., July 17, 2007 - Pitney Bowes Inc. (NYSE: PBI), the worlds leading mailstream solutions company, announced today that its SmartMailer 7 and AddressRight® Pro mail management software solutions have received U.S. Postal Service® CASS certification for the upcoming Cycle L requirements, scheduled for release on August 1, 2007.

The U.S. Postal Service estimates it spends nearly $2 billion each year handling mail that cannot be delivered as addressed. In an effort to cut this cost in half by 2010, the Postal Service is becoming much more stringent on discounts offered to mailers designed to encourage greater accuracy of their address lists. Starting on August 1, 2007, postal automation discounts will only be applicable to mail pieces with a confirmed primary address through the DPV and LACSLink products. Pitney Bowes CASS Certified SmartMailer 7 and AddressRight® Pro software will include both capabilities.

The DPV product verifies that an address is recognized as a valid delivery point by the Postal Service and helps identify inaccurate, incomplete or erroneous addresses. LACSLink processing provides mailers with a converted physical address when a 911 emergency system has changed a rural-style address to a city-style address.

The new Postal Service rules, set to take effect this summer, will make address quality more important than ever, and should encourage more mailers to incorporate address cleansing software and processes into their mailing operations, said Jeff Marshall, Vice President of Customer Marketing for Pitney Bowes Global Mailstream Solutions. Pitney Bowes CASS Certified solutions can help enable mailers to remain eligible for postal automation discounts, manage the impact of the recent postal rate increases and enjoy peace of mind, knowing their messages are reaching the intended recipients on time.

For additional information, including product specifications, please visit: www.pb.com under software/data quality and postal presorting.

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 $5.8 billion. More information is available at www.pb.com.

The following trademarks are owned by the U.S. Postal Service®: CASS, CASS Certified, DPV, LACSLink, Postal Service, USPS and U.S. Postal Service.