Pitney Bowes Group 1 Software

Press Release

Date:
Wednesday, June 11, 2003
Contact:
David Peikin
Phone:
(301) 918-0818
Email:
G1@schwartz-pr.com

Group 1 Software #2 in Following Two-Year
Stock Return Among BusinessWeek's 2001 Hot Growth 100

Lanham, MD — Group 1 Software (Nasdaq: GSOF) today announced that it ranked #2 in following two-year total stock return among BusinessWeek's Hot Growth 100 companies for 2001. For the two-year period April 30, 2001 to April 30, 2003, Group 1's stock was up in excess of 155 percent. Group 1 was #89 on the original list, published in June 2001, which ranked public companies based on three-year sales growth, earnings growth, and return on capital. The follow-up was published in the June 9, 2003 issue of BusinessWeek.

“We are most pleased with our progress over the past two years, particularly in light of the depressed IT spending environment,” said Bob Bowen, CEO of Group 1 Software. “With the strongest product lineup in Group 1's history, coupled with our sales, marketing and financial strength, we feel the current fiscal year holds great promise for Group 1.”

Group 1 Software (Nasdaq: GSOF) is a leading provider of software solutions for data quality, customer communications management and direct marketing applications. Group 1's software systems and services enable over 2,000 customers worldwide to market smarter by helping them find, reach and keep customers. Founded in 1982 and headquartered in Lanham, Maryland, Group 1's solutions are utilized by leaders in the financial services, banking, retail, telecommunications, utilities, e-commerce, and insurance industries. The company's customer base includes such recognized names as Charles Schwab, Entergy, GEICO, L.L. Bean, Wal-Mart and Wells Fargo. For more information about Group 1, visit the company's Web site at http://www.g1.com.

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This release contains statements that constitute “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are indicated by phrases such as “strongest product line in Group 1's history,” and “holds great promise.” These statements are neither promises or guarantees, but involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those set forth or reflected in the forward looking statements. Such risks and uncertainties also include those identified in the periodic filings with the SEC of Group 1. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which address the conditions as they are found on the date of this press release. Group 1 does not undertake any obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances that arise after the date of this press release or to reflect the occurrence of unanticipated events. Group 1 Software is a registered trademark of Group 1 Software, Inc.