Pitney Bowes Group 1 Software


Press Release

Date:
Thursday, October 31, 2002
Contact:
David Peikin
Phone:
(301) 918-0818
Email:
G1@schwartz-pr.com

Group 1 Software to Address Investors at
AeA Classic Financial Conference November 5-6


Lanham, MD — Group 1 Software (Nasdaq: GSOF) today announced that senior members of its management team will be presenting at the AeA Classic Financial Conference November 5-6 in San Diego, California. Held at the Sheraton Hotel & Marina, the conference offers companies a platform to showcase their product offerings and management teams.

CEO Robert S. Bowen and CFO Mark Funston will present an overview of Group 1's business and products to groups of institutional investors, security analysts, money managers, and investment bankers. The unique format of the AeA Classic allows investors to interact with company executives in small group meetings.

“Our financial strength -strong earnings, cash flow and a strong balance sheet- in conjunction with leading technology and over 2,000 customers make us an especially attractive investment proposition,” said Bob Bowen, CEO of Group 1 Software. “We are eager to meet with potential investors at the AeA Classic on the heels of our record September 30th quarter.”

Group 1's executives will be available for one-on-one meetings with investors and analysts on November 4 and November 6. Interested parties can contact Charles Messman of the MKR Group at (626) 395-9500 to schedule a meeting.

Group 1 Software (Nasdaq: GSOF ) is a leading provider of software solutions for data quality, marketing automation, 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 Acxiom, AT&T, 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.

AeA, the nation's largest high-tech trade association, has organized the AeA Classic for 32 years and earned a reputation for attracting the next “up and comers” of the high-tech industry. Past attendees include Intel, Cisco, AOL and many other previously unknown companies that have made investment history. This year's AeA Classic will feature companies from every high-tech sector, including software, semiconductor, wireless, defense technology, security, and medical devices. Over 225 companies and 1,000 financial analysts are expected to attend. For more information about companies attending the AeA Classic, visit www.tradeshownews.com.

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This press release may contain statements relating to Group 1's future plans, events or performance. Such statements may involve risks and uncertainties, including risks associated with uncertainties pertaining to customer orders, demand for products and services, development of markets for Group 1's products and services and other risks identified in Group 1's SEC filings. Group 1's 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 undertakes no 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. All other brand names, trademarks and registered trademarks are the property of their respective owners. Additional Contact InformationCharles MessmanMKR Group(626) 395-9500