SANTA MONICA, Calif. – October 31, 2000 – (Nasdaq: STMP), the leading provider of Internet mailing and shipping services, today announced that it has selected Bruce Coleman as interim chief executive officer. The announcement was made prior to the release of the company’s third quarter 2000 financial results, scheduled for later today, October 31, at 5 p.m. EST.

“Bruce Coleman has a proven record at successfully leading companies through transformations and putting them on the right path toward growth and profitability,” said Chairman Marvin Runyon. “With strong financial resources and a growing customer base, is well-prepared to meet its business objectives. We believe Bruce is the right leader to take us forward.”

“My immediate goals are to help regain its focus and to put together the right senior team for the future,” said Coleman. “This company has enormous potential to continue to lead the Internet postage market, grow its shipping business, and take advantage of its sound financial standing to provide shareholder value. We have a skilled executive team and a solid long-term business model. I’m excited by this opportunity and the challenge of leveraging the company’s significant strengths in the marketplace.”

Coleman has extensive experience running both publicly and privately held companies. He was CEO of Boole & Babbage, Inc., Information Sciences, Inc. and Walker Interactive Products. He has also taken on a number of interim CEO assignments, including Computer Network Technology, Websense and Rogue Wave. Coleman is currently a director of Websense, Printronix and Infantelligence. He received his MBA from Harvard University and his bachelor’s degree in economics from Trinity College.

Coleman was appointed interim CEO by the Board of Directors following the resignation of former CEO John Payne on October 12.

The company’s earnings conference call today will be broadcast live at For those unable to listen in at the designated time, an archived Webcast of the conference call will be available approximately one hour following the live call and will remain on the site until December 1, 2000.

About provides the easiest, smartest way to mail or ship letters, packages or parcels anywhere, anytime. focuses on providing 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.’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. International will extend the company’s reach into markets outside the U.S. Visit for more information.


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