[GRAPHIC OMITTED]
[LOGO - PITNEY BOWES]
FOR IMMEDIATE RELEASE
Contacts:
Chris Tessier
Manager, Media Relations
203-351-7210
tessiech@pb.com
Scott Gerschwer
Manager, Media Relations
203-739-3163
gerschsc@pb.com
Kris Otridge
Lippert Heilshorn& Associates, Inc.
415-433-3777
kris@LHAI-SF.com
PITNEY BOWES ENTERS SUBSEQUENT TENDER OFFERING PERIOD
FOR ALYSIS TECHNOLOGIES, INC.
STAMFORD, CONN. - APRIL 26, 2001 - 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. (OTCBB: 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 www.pitneybowes.com or 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 WWW.ALYSIS.COM
# # #