Effort Will Extend Internet-based Mailing and Shipping Services to Europe and Asia

WORLD EXPRESS AND MAIL CONFERENCE (Paris, France) – Wednesday, May 24, 2000 –™ (Nasdaq: STMP), the world’s leading provider of Internet-based mailing and shipping services, today announced the formation of International, Inc., a wholly-owned subsidiary that will bring the company’s mailing and shipping technologies and services to markets in Europe, Asia and other regions. The formation of this subsidiary is the culmination of a year-long effort to build relationships with foreign postal authorities. opened its first international office in the United Kingdom in June of 1999 and since that time has aggressively pursued business development opportunities with European postal unions.

The announcement was made by President and Chief Operating Officer Loren Smith in Paris at the 11th Annual World Express and Mail Conference where leading postal unions and carriers are gathered.

“With international posts increasingly embracing e-commerce opportunities, the adoption of PC Postage technology outside the U.S. is fast becoming a reality,” said Smith. “The success of Internet Postage in programs operated by the U.S. Postal Service and the strong leadership role has played in the development of the domestic market make us the leading contender to provide these services to Postal Unions and their customers around the world. was the first company approved by the U.S. Postal Service to print postage directly from the Internet. The establishment of this subsidiary signals’s strong commitment to focus resources and talent on the tremendous opportunities represented in the International markets. International, Inc. will hold exclusive rights to, Inc.’s industry leading mailing and shipping technologies for all regions outside of North America.

Development of this international subsidiary is the latest in a growing list of business milestones since the launch of the service in October 1999. Last fall, acquired online shipping company, and established another subsidiary, EncrypTix, which utilizes’s Internet Postage technology to enable organizations to deliver value-bearing documents to consumers over the Internet. With more than 200,000 U.S. customers already using its software-only Internet Postage service, is the clear leader in the category, where it serves small businesses, corporations and e-commerce vendors with the latest in mailing and shipping technologies

About™ provides the easiest, smartest way to mail or ship letters, packages or parcels anywhere and at anytime. operates three distinct business units focused on providing valuable e-services that allow 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 and Yellow Freight. subsidiary, EncrypTix Corp., leverages its highly secure, patented technologies enabling companies to provide value-bearing documents like tickets, coupons and certificates over the Internet to consumers. International extends the company’s reach into foreign markets. Visit ( for more information.


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