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Press release from Business Wire

Pitney Bowes Forms New Global E-commerce Business Group

<p class='bwalignc'> <b>Craig Reed Named Vice President, Global E-commerce</b> </p>

Wednesday, October 24, 2012

Pitney Bowes Forms New Global E-commerce Business Group08:30 EDT Wednesday, October 24, 2012 STAMFORD, Conn. (Business Wire) -- Pitney Bowes Inc. (NYSE: PBI) today announced it has formed a new global e-commerce business group that will focus on growing its international e-commerce solutions and cross-border parcel services to help retailers create a seamless online purchasing and shipping experience for consumers. In addition, Craig Reed has been appointed to the position of vice president, Global E-commerce and will oversee the overall strategy, sales, and business development of this new international group. Reed will continue to report to Jay Oxton, president of Mail Services at Pitney Bowes. Pitney Bowes has been in the cross-border shipping market since 2004. During the last few years, the Company has been focusing on the cross-border parcel space to meet the growing needs of retail customers as they expand their businesses around the world. The Company's Software as a Service (SaaS) solutions help retailers sell to international customers, reduce the challenges associated with international e-commerce, and grow their business. “The e-commerce and cross-border parcel market space is primed for tremendous growth and our new global e-commerce business group will help Pitney Bowes continue to expand the reach of our services to help retailers access global markets,” said Oxton. “I am very pleased that Craig Reed will be leading this exciting business for Pitney Bowes. He possesses a wealth of knowledge and experience in international e-commerce and we look forward to his future contributions to the business.” Reed's range of experience in delivering technology and services in the e-commerce space includes strategy, business development and operations, having come to Pitney Bowes in 2005 through the acquisition of Borderfree's Clearpath Technology. During his tenure at Borderfree, Ltd., Reed was president of the company, and held a variety of additional senior management roles in business development and operations. His experience also includes working as a senior management consultant at Monitor Company in Ontario, Canada. Pitney Bowes works with several leading retailers on international e-commerce. Earlier this year, Pitney Bowes announced that PPR Group will use its e-commerce technology and international shipping services to expand the online global reach of some of its luxury brands. In addition, Pitney Bowes is collaborating with Billy Reid, Isaay.com and Rickshaw Bagworks on international e-commerce and shipping services to help offer a seamless and convenient cross-border purchasing experience for international buyers. Pitney Bowes also works with leading e-commerce platform providers including Demandware, Magento, NetSuite, ShopVisible and Wipro Technologies to help make it easy for retailers to launch their products internationally. Pre-built extensions to Pitney Bowes's e-commerce solutions save retailers integration time and money and allows them to focus on growing their business. Pitney Bowes offers a comprehensive suite of e-commerce solutions for international sales. The company's Software as a Service (SaaS) solutions help leading retailers sell to international customers, reduce the challenges associated with international e-commerce, and grow their business. The Pitney Bowes e-commerce services suite offers an array of API-driven (Application Programming Interface) web services to facilitate cross-border sales to 90 countries. Through one integration, retailers can access services including: duty and tax calculation, fully landed and guaranteed costs at checkout, customs and brokerage management, import and export management, optimized global shipping, international address validation, denied parties screening, and parcel protection. For more information, visit www.pb.com/ecommerce About Pitney Bowes: Delivering more than 90 years of invention, Pitney Bowes provides business communications software, mailing systems and services that integrate physical and digital communications channels. Long known for making its customers more productive, Pitney Bowes is increasingly helping other companies grow their business through advanced customer communications management. Pitney Bowes is a $5.3 billion company with 29,000 employees worldwide. Pitney Bowes: Every connection is a new opportunity™. www.pb.com Media:Pitney Bowes Inc.Karen King, 203-351-6189karen.king@pb.com