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Pitney Bowes Acquires Selected Assets of Fala Sorting Services, Inc.

Press release from the issuing company

STAMFORD, Conn., April 18 -- Pitney Bowes Inc. today acquired selected mail stream and presort assets of Fala Sorting Services, Inc. (FSS) a subsidiary of Fala Direct Marketing, Inc. FSS provides domestic and international presorting and commingling mailing services for mail produced in the greater New York area. The FSS assets will be integrated with the company's Mail Services operations which include PSI Group specializing in first and standard class domestic letter mail, and International Mail Express (IMEX) which provides international outbound mail services. Fala Direct Marketing will continue to provide lettershop services with a greater emphasis on its core business and its expanding graphics and printing solutions. Fala Direct Marketing and the company have also signed a long-term marketing agreement to provide Fala's customers with access to pre-sort and international mail services through the Pitney Bowes Mail Services national network. This transaction enables the company to continue to grow the value it provides to customers according to Michael J. Critelli, Chairman and CEO of Pitney Bowes. "Large mailers are looking for partners to help them manage the expense and enhance the efficiency of the business critical mail that they send worldwide. The addition of these assets to our Mail Services network will help us grow our customer value and reach. Fala's customers will benefit from their convenient access to our full range of mailing products and services and our nationwide network of strategic mail services locations." Jeff Jurick, Fala Direct Marketing's CEO agrees, noting "Fala and Pitney Bowes have worked closely together over the years and have developed a great working relationship. Our client base will receive best in class service in their direct mail production through Fala Direct Marketing and they will continue to be served with best practices in their domestic and international sorting through the Pitney Bowes Mail Services network."