Pitney Bowes Enters Subsequent Tender Offering Period For Alysis Technologies, Inc.

Apr 26, 2001, 01:00 ET from Pitney Bowes Inc.

    STAMFORD, Conn., April 26 /PRNewswire/ -- Pitney Bowes Inc. (NYSE:   PBI)
 announced today that it will provide a subsequent offering period of five
 business days in its $1.39 per share cash tender offer for all the outstanding
 shares of common stock and class B common stock of Alysis Technologies, Inc.
 (OTC Bulletin Board:   ALYS).  The subsequent offering period begins Thursday,
 April 26, 2001 at 9:00 a.m. New York City time, and expires at 5:00 p.m. New
 York City time, on Wednesday, May 2, 2001.  During such period, Pitney Bowes
 offers to pay $1.39 in cash per share of Alysis common stock and class B
 common stock validly tendered.
     The offer initially expired at 12:00 midnight, New York City time, on
 April 25, 2001.  To date, 10,083,418 shares of Alysis common stock have been
 tendered (including approximately 65,724 shares that are guaranteed to be
 delivered), representing about 89.94% of the outstanding shares of Alysis
 common stock, and 2,417,112 shares of Alysis class B common stock have been
 tendered, representing about 100% of the outstanding shares of Alysis class B
 common stock.  Pitney Bowes, through its wholly owned subsidiary Maui
 Acquisition Corp., has accepted for payment all validly tendered shares and
 expects to make payment for the accepted shares to Wilmington Trust Company,
 the depositary on April 26, 2001, or promptly thereafter.
     The subsequent offering period is intended to allow Pitney Bowes time to
 confirm its acquisition of at least 90 percent of the outstanding shares of
 Alysis common stock.  During such period, Pitney Bowes, through Maui
 Acquisition Corp., expects to immediately accept and promptly pay for all the
 shares of Alysis common stock tendered as they are tendered. No withdrawal
 rights will be available to holders of such shares during the subsequent
 offering period.
     Following the expiration of the subsequent offering period and as soon as
 practicable thereafter, Pitney Bowes intends to cause Maui Acquisition Corp.
 to merge with Alysis.  Alysis will then become a wholly owned subsidiary of
 Pitney Bowes.  The terms of the offer and other relevant information are
 available through public filings made by Maui Acquisition Corp. and Alysis
 Technologies, Inc. at http://www.sec.gov.
     The information agent for the tender offer is MacKenzie Partners, Inc.
 For additional information please call collect (212) 929-5500, or toll free
 1-800-322-2885.
     Pitney Bowes Inc. is a $4 billion global provider of integrated mail and
 document management solutions headquartered in Stamford, Connecticut.  Pitney
 Bowes serves over 2 million businesses of all sizes through dealer and direct
 operations.  Its docSense unit is the premier global provider of solutions for
 the creation and distribution of efficient and effective documents in paper
 and digital form.  Additional information about Pitney Bowes or Pitney Bowes
 docSense is available at http://www.pitneybowes.com or
 http://www.docsense.pb.com.
     Alysis Technologies, Inc. is a provider of component-based e-billing
 software that snaps-in to any major e-commerce implementation.  Its modular
 WorkOut products enable companies to solve complex business problems via
 streamlining billing, payment, processing, dispute management, workflow and
 data analysis.  For more information is available at http://www.alysis.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X81641167
 
 

SOURCE Pitney Bowes Inc.
    STAMFORD, Conn., April 26 /PRNewswire/ -- Pitney Bowes Inc. (NYSE:   PBI)
 announced today that it will provide a subsequent offering period of five
 business days in its $1.39 per share cash tender offer for all the outstanding
 shares of common stock and class B common stock of Alysis Technologies, Inc.
 (OTC Bulletin Board:   ALYS).  The subsequent offering period begins Thursday,
 April 26, 2001 at 9:00 a.m. New York City time, and expires at 5:00 p.m. New
 York City time, on Wednesday, May 2, 2001.  During such period, Pitney Bowes
 offers to pay $1.39 in cash per share of Alysis common stock and class B
 common stock validly tendered.
     The offer initially expired at 12:00 midnight, New York City time, on
 April 25, 2001.  To date, 10,083,418 shares of Alysis common stock have been
 tendered (including approximately 65,724 shares that are guaranteed to be
 delivered), representing about 89.94% of the outstanding shares of Alysis
 common stock, and 2,417,112 shares of Alysis class B common stock have been
 tendered, representing about 100% of the outstanding shares of Alysis class B
 common stock.  Pitney Bowes, through its wholly owned subsidiary Maui
 Acquisition Corp., has accepted for payment all validly tendered shares and
 expects to make payment for the accepted shares to Wilmington Trust Company,
 the depositary on April 26, 2001, or promptly thereafter.
     The subsequent offering period is intended to allow Pitney Bowes time to
 confirm its acquisition of at least 90 percent of the outstanding shares of
 Alysis common stock.  During such period, Pitney Bowes, through Maui
 Acquisition Corp., expects to immediately accept and promptly pay for all the
 shares of Alysis common stock tendered as they are tendered. No withdrawal
 rights will be available to holders of such shares during the subsequent
 offering period.
     Following the expiration of the subsequent offering period and as soon as
 practicable thereafter, Pitney Bowes intends to cause Maui Acquisition Corp.
 to merge with Alysis.  Alysis will then become a wholly owned subsidiary of
 Pitney Bowes.  The terms of the offer and other relevant information are
 available through public filings made by Maui Acquisition Corp. and Alysis
 Technologies, Inc. at http://www.sec.gov.
     The information agent for the tender offer is MacKenzie Partners, Inc.
 For additional information please call collect (212) 929-5500, or toll free
 1-800-322-2885.
     Pitney Bowes Inc. is a $4 billion global provider of integrated mail and
 document management solutions headquartered in Stamford, Connecticut.  Pitney
 Bowes serves over 2 million businesses of all sizes through dealer and direct
 operations.  Its docSense unit is the premier global provider of solutions for
 the creation and distribution of efficient and effective documents in paper
 and digital form.  Additional information about Pitney Bowes or Pitney Bowes
 docSense is available at http://www.pitneybowes.com or
 http://www.docsense.pb.com.
     Alysis Technologies, Inc. is a provider of component-based e-billing
 software that snaps-in to any major e-commerce implementation.  Its modular
 WorkOut products enable companies to solve complex business problems via
 streamlining billing, payment, processing, dispute management, workflow and
 data analysis.  For more information is available at http://www.alysis.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X81641167
 
 SOURCE  Pitney Bowes Inc.