Pitney Bowes, Inc. (PBI)

New York – November 3, 2009 – Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) has been investigating Stamford, CT-based Pitney Bowes Inc. (“Pitney Bowes” or the “Company”) (NYSE:  PBI) for potential violations of the federal securities laws.  Investors who purchased or acquired Pitney Bowes common stock between July 30, 2007 and October 29, 2007 may be affected.

A complaint has been filed in the United States District Court for the District of Connecticut against Pitney Bowes and certain of its officers alleging that during the class period, defendants misrepresented and failed to disclose material information about the Company’s true financial condition.  The complaint alleges that Defendants’ statements were inaccurate statements of material fact when made because defendants failed to disclose: (i) that the Company was experiencing a slowdown in sales of equipment and software and supplies to the financial services sector; (ii) that revenues in the Company’s U.S. mailing segment had dramatically declined and were not performing according to internal expectations; (iii) that the Company’s international operations were not performing to internal expectations as market liberalization and deregulation was causing customers to delay purchasing decisions. For example, in France, a change in the method of meter rentals was causing delayed purchasing decisions and increased selling and marketing costs; and (iv) as a result of the foregoing and other adverse undisclosed factors, there was no reasonable basis for defendants’ positive statements about the Company, its operations and earnings.

On October 29, 2007, Pitney Bowes held a conference call with analysts and investors to discuss the Company’s earnings and operations.  According to the complaint, during the conference call, defendants admitted that a host of factors caused Pitney Bowes to drastically miss the earnings they had promised.  The complaint alleges that in response to the Company’s announcement, the price of Pitney Bowes common stock declined from $42.68 per share to $36.27 per share on extremely heavy trading volume.

If you purchased or acquired Pitney Bowes common stock between July 30, 2007 and October 29, 2007 and would like to discuss our investigation, please e-mail us at mail@kaplanfox.com or contact:

Frederic S. Fox

Donald R. Hall

Aviah Cohen Pierson

Pamela A. Mayer

KAPLAN FOX & KILSHEIMER LLP

850 Third Avenue, 14th Floor

New York, New York 10022

(800) 290-1952

(212) 687-1980

Fax:  (212) 687-7714

E-mail address:  mail@kaplanfox.com

Laurence D. King

KAPLAN FOX & KILSHEIMER LLP

350 Sansome Street, Suite 400

San Francisco, California 94104

(415) 772-4700

Fax:  (415) 772-4707