EXHIBIT 99.1

FOR IMMEDIATE RELEASE

EncrypTix, Inc. Contact

Jim Rowan

President and CEO

(310) 955-4600



ENCRYPTIX, INC. CEASES ITS OPERATIONS


El Segundo, Calif. - March 12, 2001 - EncrypTix, Inc., a majority-owned
subsidiary of Stamps.com, Inc. (STMP), today announced that its Board of
Directors has voted to adopt a plan of liquidation and that the company has
ceased its operations. The privately-held EncrypTix has received all necessary
shareholder approvals and has effected an assignment of its assets for the
benefit of creditors. EncrypTix has taken this action due to the inability to
secure additional funding.



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