STAMFORD, Conn., March 26, 2001 - Pitney Bowes (NYSE:PBI) today unveiled a Video Coding System option for the M3TM Mixed Mail Manager that increases the inbound mail systems' range and accuracy. The M3TM System, automates much of inbound mail processing, taking in mixed mail, reading the address using Optical Character Recognition (OCR) technology, locating the recipient in the employee database and sorting the mail accordingly. The Video Coding System allows mail center operators to process mail that cannot be recognized by OCR. When mail passes through the M3TM System, it is scanned, creating a digital image of each mail piece. If the system is unable to decipher the recipient's address, the mail piece image is routed to Video Coding system. The image is displayed on a computer screen where the operator views the image and enters the first few keystrokes of the intended destination. The system matches assigned destination with a unique identifier that has been printed on the mail piece. The mail is then reprocessed through the M3TM System and delivered to the correct recipient. "The Video Coding System significantly extends the range of mail that can be processed via high speed automation," said Charlene Malone, Vice President and General Manager of Pitney Bowes' Incoming Messaging Solutions. "The M3TM System uses the most sophisticated OCR technology available, however, some mail will never be deciphered by an OCR due to incomplete or incorrect address information. With Video Coding, a mail center operator can quickly and efficiently view each unreadable address and tell the system where to route the piece. The M3TM System with Video Coding sorts more mail in less time, resulting in increased mail center performance at a significant cost savings."