Monday October 23, 8:37 am Eastern Time

Press Release

SOURCE: Stamps.com

Stamps.com Reduces Headcount by 40 Percent; Cost-Cutting Measures Aimed at
Reaching Target Profitability

SANTA MONICA, Calif., Oct. 23 /PRNewswire/--Stamps.com(TM) (Nasdaq: STMP) today
announced that it has reduced its headcount by approximately 240 full-time,
part-time and contract employees across all locations, including Santa Monica,
Calif., and Bellevue, Wash. The move is part of Stamps.com's plan to streamline
operations and reinforce its position as a market leader in Internet mailing and
shipping solutions.

''Although we have nearly $300 million in cash reserves, today's competitive
environment demands that we operate our business at maximum efficiency,'' said
Stamps.com Chairman Marvin Runyon. ''These moves will strengthen our ability to
attain our profitability goals, while adding value to the company. They will
further enable us to acutely focus on building Stamps.com's leading market
position in the Internet Postage category, deploying the iShip service to large
corporate customers, and growing our family of successful subsidiaries.''

About Stamps.com

Stamps.com(TM) provides the easiest, smartest way to mail or ship letters,
packages or parcels anywhere, anytime. Stamps.com provides valuable e-services
allowing small businesses, large corporations and e-commerce companies to
control costs and efficiently manage their mailing, shipping and returns
operations. its business is anchored in key relationships with the U.S. Postal
Service and United Parcel Service (UPS) and other carriers, including FedEx,
Airborne Express, DHL and Yellow Freight. Stamps.com's subsidiary, EncrypTix,
Inc., leverages its highly secure, patented technologies enabling companies to
provide value-bearing documents like tickets, coupons and certificates over the
Internet to consumers. Stamps.com International will extend the company's reach
into markets outside the U.S. Visit www.stamps.com for more information.

''Safe Harbor'' Statement under the Private Securities Litigation Reform Act of
1995: this release may contain forward-looking statements that involve risks and
uncertainties. Important factors including the company's ability to achieve
profitability, which could cause actual results to differ materially from those
in the forward-looking statements, and are detailed in filings with the
Securities and Exchange Commission made from time to time by Stamps.com,
including its annual report on Form 10-K/A for the fiscal year ended December
31, 1999, its quarterly report on Form 10-Q for the fiscal quarter ended June
30, 2000, and its Current Reports on Form 8-K. Stamps.com undertakes no
obligation to release publicly any revisions to any forward-looking statements
to reflect events or circumstances after the date hereof or to reflect the
occurrences of unanticipated events.

Stamps.com and iShip and the Stamps.com, iShip logos are trademarks of
Stamps.com Inc. All other brands and names are property of their respective
owners.

For further information please contact: media, Seth Oster, Vice President,
Corporate Communications, 310-581-7875, pr@stamps.com, or investors, Ken
McBride, Acting Chief Financial Officer, 310-581-7552, ir@stamps.com, both of
Stamps.com.