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AMERISCRIBE REPORTS FIRST QUARTER INCOME FROM OPERATIONS OF $611,000 OR $0.10 PER SHARE; PROVIDES ADDITIONAL INFORMATION ON MERGER

 NEW YORK, May 14 /PRNewswire/ -- Ameriscribe Corporation (NYSE:ACR), a leading national provider of facilities management and office support services, today reported its results for the first quarter ended March 31, 1993.
 Revenues for the quarter ended March 31, 1993 were $31,385,000, an increase of 12.8 percent over the $27,818,000 reported for the first quarter of 1992. Income from continuing operations before special items was $611,000, or $0.10 per share, for the 1993 first quarter. The comparable amount for the same period of 1992 was $970,000, or $0.16 per share.
 Net income for the three months ended March 31, 1993 was $171,000, or $0.03 per share, after an additional provision for discontinued operations of $440,000 (net of tax benefits of $360,000) relating primarily to the recently reported settlement of certain litigation. Ameriscribe's net income for the quarter ended March 31, 1992 was $12,056,000, or $2.00 per share. This included $11,086,000, or $1.84 per share, from the cumulative effect of changes in accounting for income taxes and costs to develop software for internal use.
 On April 21, 1993, Ameriscribe entered into a definitive agreement to merge with Pitney Bowes Management Services, Inc., a wholly-owned subsidiary of Pitney Bowes Inc. (NYSE:PBI). The merger agreement provides that Ameriscribe stockholders will receive approximately $14.38 in Pitney Bowes Inc. common stock for each share of Ameriscribe common stock, subject to possible adjustment if Ameriscribe fails to maintain certain income, cash and net worth levels in the period prior to the closing. The merger agreement includes a number of conditions including regulatory review and approval, the approval of Ameriscribe's stockholders and the formal dismissal of certain litigation. An agreement to settle this litigation, subject to court approval, has been executed. The company made a Hart-Scott-Rodino filing with the Federal Trade Commission (the waiting period for which began on May 3, 1993) and expects to file preliminary proxy material with the Securities and Exchange Commission by early June.
 Ameriscribe's revenues and income from continuing operations for the first quarter were in line with the company's expectations. It continued to experience an upturn in client volumes aided by increased same site sales over the year-ago quarter. Profitability was impacted negatively in 1993 by expenses incurred in connection with the pending merger and the continued difficulty in obtaining price increases to offset normal labor and other cost increases. The number of facilities management installations increased from 245 sites at March 31, 1992 to 281 sites at March 31, 1993.
 Allan R. Tessler, chairman and CEO, stated, "We are pleased with our revenue growth, which illustrates the continuing demand for our services. Our first quarter performance is on target with the company's financial plan and we expect the company to continue to maintain stable financial performance and high quality service during this transition period."
 Ameriscribe Corporation, through its wholly-owned subsidiary, Ameriscribe Management Services, Inc., is a leading national provider of facilities management services on the premises of major legal, financial and Fortune 1,000 firms. The services offered by Ameriscribe include copy, mailroom and facsimile operations, records/fileroom management and electronic publishing.
 AMERISCRIBE CORPORATION
 Financial Highlights
 (In thousands, except per share data)
 Periods ended March 31 Three Months
 1993 1992
 Total revenues $31,385 $27,818
 Total costs and expenses 30,274 26,254
 Income from continuing operations
 before taxes 1,111 1,564
 Provision for taxes (500) (594)
 Income from continuing operations
 before special items 611 970
 Additional provision for
 discontinued operations (a) (440) --
 Cumulative effect of changes in
 accounting principles (b) -- 11,086
 Net income $ 171 $12,056
 Earnings per share:
 Continuing operations $ 0.10 $ 0.16
 Discontinued operations (a) (0.07) --
 Cumulative effect of changes
 in accounting principles (b) -- 1.84
 Net income per share $ 0.03 $ 2.00
 Average common and common
 equivalent shares outstanding 6,020,000 6,007,000
 NOTES: (a) Additional provision for discontinued operations of $440,000, net of tax benefits of $360,000, relates primarily to the settlement of certain litigation in 1993.
 (b) Cumulative effect of changes in accounting principles adopted as of Jan. 1, 1992, includes (i) a credit of $12,000,000 primarily representing the future value of net operating loss carryforwards recorded when the Company adopted Financial Accounting Standard No. 109, "Accounting for Income Taxes", and (ii) a charge of $914,000 (after tax benefits of $610,000) for the cumulative effect of a change in accounting for costs to develop software for internal use.
 -0- 5/14/93
 /CONTACT: Cindy Gorlick of Ameriscribe Corporation, 212-941-2590, or Edward Nebb of Morgen-Walke Associates, 212-986-5900, for Ameriscribe Corporation/
 (ACR PBI)


CO: Ameriscribe Corporation ST: New York IN: SU: ERN

TM -- NY001 -- 8412 05/14/93 07:31 EDT
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Date:May 14, 1993
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