Pitney Bowes Group 1 Software

Press Release

Date:
Monday, February 16, 2004
Contact:
David Peikin
Phone:
(301) 918-0818
Email:
G1@schwartz-pr.com

Group 1's Centrus Product Suite Supporting
Core Based Statistical Areas (CBSAs)

Technology Enables Financial Services Providers To Comply with New Federal Legislation

Lanham, MD — Group 1 Software (Nasdaq: GSOF) today announced that its Centrus business geographics suite now outputs Core Based Statistical Areas (CBSAs) information. This enhancement is in support of federal government regulations pertaining to Home Mortgage Disclosure Act (HMDA) and Community Reinvestment Act (CRA) reporting.

Centrus offers the industry's most comprehensive, accurate and powerful software solutions for business geographics applications. Through its easily embeddable technology and wide array of third-party data sources, Centrus provides the solution to operational problems where location is critical.

“Our ongoing commitment to meet the legislative requirements imposed on our customers in the financial services industry is evident in our timely support of these emerging federal standards,” said Steve Walden, vice president and general manager of Group 1's Centrus division. “All of our customers can be confident that we will continue to monitor state and federal legislation that could impact our core business geographics technology.”

Group 1 Software (Nasdaq: GSOF) is a leading provider of solutions that help over 3,000 organizations worldwide maximize the value of their customer and other data. Group 1 provides industry-leading technologies that allow businesses to cleanse and enrich their corporate data, generate personalized customer communications and integrate and deliver data across the enterprise. These technologies are essential components of enterprise applications including customer relationship management (CRM), enterprise resource planning (ERP) and business intelligence systems. Founded in 1982 and headquartered in Lanham, Maryland, Group 1 offers solutions utilized by leaders in the financial services, banking, GIS/mapping, retail, telecommunications, utilities, insurance and other industries. The company's customer base includes such recognized names as Entergy, GEICO, L.L. Bean, MapQuest, QVC, Siemens, 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 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 the company'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 and Centrus is trademark of Group 1 Software, Inc. All other brand names, trademarks and registered trademarks are the property of their respective owners.