Group 1 Software's GeoTAX Achieves Certification from Florida Department of Revenue

Share Name	Share Symbol	Market	Type
Pitney Bowes Inc	NYSE:PBI	NYSE	Common Stock

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	-0.07	-1.29%	5.35	5.50	5.295	5.50	354,619	17:28:30

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Group 1 Software's GeoTAX Achieves Certification from Florida Department of Revenue Tax Certification Process Streamlined for Cable and Telecommunications Providers LANHAM, Md., May 11 /PRNewswire/ -- Group 1 Software, Inc., a Pitney Bowes Company, today announced certification by the State of Florida Department of Revenue for its GeoTAX(R) products for determination of local tax jurisdictions. With this certification, telecommunications and cable providers using Group 1's GeoTAX in Florida will receive a higher tax collection allowance (.75 percent versus .25 percent). In addition, GeoTAX customers in Florida are now automatically granted the "hold harmless" provision of the Communication Services Tax in Florida, enabling telecommunications companies to bypass the cumbersome 3-6 month certification process for their customer lists. The Florida Department of Revenue, which has used GeoTAX since early 2001 as part of its internal tax determination solution, found the GeoTAX database to be 99 percent accurate, far surpassing the 95 percent accuracy level required for certification. Group 1 has exclusive use of the Tele Atlas North America (formerly Geographic Data Technology, Inc.) municipal boundary dataset for current jurisdictional boundary information for tax applications. "Group 1 partners with other industry leaders, such as Tele Atlas, to provide best-of-breed solutions for our customers," says Steve Walden, vice president and general manager of Centrus, a division of Group 1 Software. "Our address matching and advanced geocoding capabilities, combined with Tele Atlas' ability to keep current with the more than 5,000 changes made each year to approximately 20,000 municipal boundaries nationwide, uniquely provides GeoTAX customers with a total solution for the precise assignment of tax jurisdictions." More About GeoTAX With tax jurisdictions constantly changing and new tax jurisdiction assignment requirements mandated by federal and state laws, the potential liability resulting from inaccurate tax assignment poses a significant problem. GeoTAX is a comprehensive solution that standardizes addresses and appends state, county, municipal place, and special tax jurisdiction information to customer address records. To ensure businesses utilize more accurate address information for tax jurisdiction assignment, GeoTAX provides exclusive access to the most current taxation boundary information through a data update process that continually tracks and updates taxation boundaries nationwide. GeoTAX reduces customer financial risks and regulatory liability, and is compliant with the Mobile Telephone Sourcing Act. About Group 1 Software Group 1 Software, a wholly owned subsidiary of Pitney Bowes, develops software that provides an integrated Customer Communication Management (CCM) solution, which maximizes the value of customer data and improves the effectiveness of customer communications. Group 1 Software's solutions are an essential component of enterprise applications, serving to consolidate, cleanse and enrich corporate data, and generate personalized business documents for multi-channel delivery, customer care and efficient business processing. The Company's solutions are utilized by over 3,500 organizations worldwide in the financial services/banking, GIS/mapping, retail, telecommunications, utilities, insurance and other industries, including Entergy, GEICO, L.L. Bean, MapQuest, QVC, Siemens, Wal-Mart and Wells Fargo. For more information about the Company, visit http://www.g1.com/. Centrus, GeoTAX, Group 1 and Group 1 Software are trademarks or registered trademarks of Group 1 Software, Inc. All other brand names, trademarks and registered trademarks are the property of their respective owners. Contact: Colette Cote Pitney Bowes (203) 351 6132 DATASOURCE: Group 1 Software, Inc. CONTACT: Colette Cote of Pitney Bowes, +1-203-351-6132, or , for Group 1 Software, Inc. Web site: http://www.g1.com/ http://www.pitneybowes.com/

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PBI Pitney Bowes Inc