EXHIBIT (iii)
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PITNEY BOWES INC.
SUBSIDIARIES OF THE REGISTRANT
The Registrant, Pitney Bowes Inc., a Delaware Corporation, has no parent.
The following are subsidiaries of the Registrant (as of December 31, 2006)
| Country or state | Country or state | ||||||
| Company name | of incorporation | Company name | of incorporation | ||||
| Addressing Systems International Holdings Limited | England | PB Partnership Financing Inc. | Delaware | ||||
| Adrema Leasing Corporation | Delaware | PB Production International Corp. | Delaware | ||||
| Adrema Maschinen – und – Auto Leasing GmbH | Germany | PB Professional Services Inc. | Delaware | ||||
| Andeen Enterprises, Inc. | Panama | PB Texas LP | Delaware | ||||
| Archiver Limited f/k/a Micromedia Limited | England | PB World Trade Corp. | Delaware | ||||
| Artec International Corporation | California | PBCC LP | Delaware | ||||
| Bell & Howell France Holding SAS | France | PBCC Texas LLC | Delaware | ||||
| B. Williams Funding Corp. | Delaware | PBDorm Ireland Limited | Ireland | ||||
| B. Williams Holding Corp. | Delaware | PCAN Mailing Solutions, Inc./Solutions | |||||
| Burmas voorheen Buroservice NV | Belgium | D’Affranchissement PCAN Inc. | Canada | ||||
| Canadian Office Services (Toronto) Limited | Canada | Pitney Bowes Australia FAS Pty. Limited | Australia | ||||
| Cascade Microfilm Systems, Inc. | California | Pitney Bowes Australia Pty. | Australia | ||||
| Document Process S.A. | France | Pitney Bowes Austria Ges.m.b.H | Austria | ||||
| ECL Finance Company, NV | Netherlands | Pitney Bowes Belgium NV | Belgium | ||||
| Elmcroft Road Realty Corporation | Connecticut | Pitney Bowes of Canada Ltd. - Pitney Bowes du | |||||
| Emtex Limited | England | Canada Ltee | Canada | ||||
| Emtex Software, Inc. | Florida | Pitney Bowes Canada Holdings Limited | Canada | ||||
| Emtex Software, Inc. | Canada | Pitney Bowes China Inc. | Delaware | ||||
| FSL Holdings Inc. | Connecticut | Pitney Bowes Credit Australia Limited | Australia | ||||
| FSL Risk Managers Inc. | New York | Pitney Bowes Cross Border Services, Inc | Delaware | ||||
| Group 1 Software China Ltd. | Hong Kong | Pitney Bowes Danmark A/S (formerly Haro | |||||
| Group 1 Software Korea Ltd. | Korea | Systemer AS) | Denmark | ||||
| Group 1 Software Asia Pacific Pte Ltd. | Singapore | Pitney Bowes Data Systems, Ltd. | Delaware | ||||
| Group 1 Software Beijing Ltd. | China | Pitney Bowes de Mexico, S.A. de C.V. | Mexico | ||||
| Group 1 Software Europe Ltd. (U.K.) | England | Pitney Bowes Deutschland GmbH | Germany | ||||
| Group 1 Software France SA | France | Pitney Bowes Document Messaging Technologies | |||||
| Group 1 Software Germany GmbH | Germany | Limited (formerly Bell & Howell Limited) | England | ||||
| Group 1 Software Japan KK | Japan | Pitney Bowes Espana, S.A. | Spain | ||||
| Group 1 Software Inc. | Delaware | Pitney Bowes Finans Norge AS | Norway | ||||
| Historic Boardwalk Hall, L.L.C. | Delaware | Pitney Bowes Finance plc (formerly PB Leasing Ltd.) | England | ||||
| Ibis Consulting, Inc. | Rhode Island | Pitney Bowes Finance Ireland Limited | Ireland | ||||
| Imagitas, Inc. | Delaware | Pitney Bowes France S.A. | France | ||||
| Imagitas Security Corporation | Massachusetts | Pitney Bowes Global Financial Services LLC | Delaware | ||||
| Informatech Inc. | California | Pitney Bowes Global Limited | England | ||||
| International Imaging Limited | England | Pitney Bowes Government Solutions, Inc. | Delaware | ||||
| La Agricultora Ecuatoriana S.A. | Ecuador | Pitney Bowes Holding SNC | France | ||||
| Logestim Logiciels et Systèmes, Texte et Image SAS | France | Pitney Bowes Holdings B.V. | Netherlands | ||||
| Mag Expansion SA | France | Pitney Bowes Holdings Denmark ApS | Denmark | ||||
| Mag Systèmes SAS | France | Pitney Bowes Holdings Limited | England | ||||
| Mag Graphic SAS | France | Pitney Bowes Hong Kong Inc. | Delaware | ||||
| MailCode Holdings, Inc. | Indiana | Pitney Bowes Hong Kong Limited | Hong Kong | ||||
| MailCode, Inc. | Delaware | Pitney Bowes India Inc. | Delaware | ||||
| Norlin Australia Investments Pty. Limited | Australia | Pitney Bowes India Private Limited | India | ||||
| Oy Adrema Helsinki | Finland | Pitney Bowes Insurance Agency, Inc. | Connecticut | ||||
| PB Australia Funding Pty. Limited | Australia | Pitney Bowes International | Ireland | ||||
| PB Canada Funding Ltd. | Canada | Pitney Bowes International Funding | Ireland | ||||
| PB Equipment Management Inc. | Delaware | Pitney Bowes International Holdings, Inc. | Delaware | ||||
| PB Forms, Inc. | Nebraska | Pitney Bowes Ireland Limited | Ireland | ||||
| PB Historic Renovation LLC | Delaware | Pitney Bowes Italia S.r.l. | Italy | ||||
| PB Leasing Corporation | Delaware | Pitney Bowes Japan KK | Japan | ||||
| PB Miles Inc. | Delaware | Pitney Bowes Korea Ltd. | Korea | ||||
| PB Nova Scotia II ULC | Canada | Pitney Bowes Limited | England | ||||
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EXHIBIT (iii)
Page 2 of 2
PITNEY BOWES INC.
SUBSIDIARIES OF THE REGISTRANT
The Registrant, Pitney Bowes Inc., a Delaware Corporation, has no parent.
The following are subsidiaries of the Registrant (as of December 31, 2006)
| Country or state | Country or state | ||||||
| Company name | of incorporation | Company name | of incorporation | ||||
| Pitney Bowes Luxembourg SARL | Luxembourg | Pitney Bowes Svenska Aktiebolag | Sweden | ||||
| Pitney Bowes (Macau) Limited | Macau | Pitney Bowes (Switzerland) AG | Switzerland | ||||
| Pitney Bowes Mail and Messaging Systems | Pitney Bowes (Thailand) Limited | Thailand | |||||
| (Shanghai) Co., Ltd. | Shanghai | Pitney B2B Capital.com Inc. | Delaware | ||||
| Pitney Bowes Management Services Belgium, NV | Belgium | Pitney B2B Capital.com LLC | Delaware | ||||
| Pitney Bowes Management Services Canada, Inc. | PitneyWorks.com Inc. | Delaware | |||||
| Services de Gestion Pitney Bowes Canada, Inc. | Canada | PitneyWorks.com L.L.C. | Delaware | ||||
| Pitney Bowes Management Services Denmark, A/S | Denmark | Print, Inc. | Washington | ||||
| Pitney Bowes Management Services Deutschland GmbH | Germany | Printing and Post Processing Company NV | Belgium | ||||
| Pitney Bowes Management Services France S.A.S. | France | PRINTLINX CORPORATION | Canada | ||||
| Pitney Bowes Management Services Italia S.r.l. | Italy | PrintValue Solutions, Inc. | Arizona | ||||
| Pitney Bowes Management Services Limited | England | PSI Group, Inc. | Delaware | ||||
| Pitney Bowes Management Services | P. Technical Services Limited | England | |||||
| Netherlands, B.V. | Netherlands | RMPB Limited | England | ||||
| Pitney Bowes Management Services Norway A.S. | Norway | Sagent Inc. (Taiwan) | Taiwan | ||||
| Pitney Bowes Management Services Sweden AB | Sweden | Sagent UK, Ltd. | England | ||||
| Pitney Bowes Management Services, Inc. | Delaware | Sagent (Indonesia) Pte Ltd. | Singapore | ||||
| Pitney Bowes Netherlands B.V. | Netherlands | Sagent (Malaysia) Sdn Bhd | Malaysia | ||||
| Pitney Bowes New Zealand Limited | New Zealand | Sagent (Singapore) Pte Ltd. | Singapore | ||||
| Pitney Bowes Oy | Finland | Sales and Service Training Center Inc. | Georgia | ||||
| Pitney Bowes Norge AS | Norway | SCI François Gillet | France | ||||
| Pitney Bowes Portugal Sociedade Unipessoal, Lda. | Portugal | SCI Méditerranée | France | ||||
| Pitney Bowes Nova Scotia ULC | Canada | Secap (Groupe Pitney Bowes) SAS | France | ||||
| Pitney Bowes Properties Inc. | Connecticut | Secap Technologies Limited | England | ||||
| Pitney Bowes SA (Pty) Ltd. | South Africa | Technopli SARL | France | ||||
| Pitney Bowes Semco Equipamentos E Servicos Ltda | Brazil | The Pitney Bowes Bank, Inc. | Utah | ||||
| Pitney Bowes Service Solutions, Inc. | Delaware | Time-Sensitive Delivery Guide Inc. | Delaware | ||||
| Pitney Bowes Servicios, S.A. de C.V. | Mexico | Universal Postal Frankers Ltd. | England | ||||
| Pitney Bowes Shelton Realty Inc. | Connecticut | Wheeler Insurance, Ltd. | Vermont | ||||
| Pitney Bowes (Singapore) Pte Ltd. | Singapore | 1136 Corporation | Delaware | ||||
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