Pitney Bowes 2014 Annual Report Download - page 13

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PART I
3
Forward-Looking Statements
This Annual Report on Form 10-K (Annual Report) contains statements that are forward-looking. We want to caution readers that any
forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934 may change based on various factors. These forward-looking statements are based on current expectations and assumptions
that are subject to risks and uncertainties and actual results could differ materially. Words such as "estimate", "target", "project", "plan",
"believe", "expect", "anticipate", "intend" and similar expressions may identify such forward-looking statements. We undertake no
obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Factors which could cause future financial performance to differ materially from the expectations as expressed in any forward-looking
statement made by or on our behalf include, without limitation:
• declining physical mail volumes
• competitive factors, including pricing pressures, technological developments and introduction of new products and services by
competitors
• our success in developing and transitioning to more digital-based products and services and the market’s acceptance of these
new products and services
• the success of our investment in rebranding the company to build the market awareness to create new demand for our businesses
• our ability to gain product approval in new markets where regulatory approval is required
• changes in postal or banking regulations
• the continued availability and security of key information systems
• our ability to successfully implement a new ERP system without significant disruption to existing operations
• third-party suppliers' ability to provide product components, assemblies or inventories
• our success at managing the relationships with our outsource providers, including the costs of outsourcing functions and operations
not central to our business
• loss of some of our largest clients or business partners in our Digital Commerce Solutions segment
• the cost to comply with current and any changes in information security requirements and privacy laws
• intellectual property infringement claims
• our success at managing customer credit risk
• significant changes in pension, health care and retiree medical costs
• macroeconomic factors, including global and regional business conditions that adversely impact customer demand, access to
capital markets at reasonable costs, changes in interest rates and foreign currency exchange rates
• income tax adjustments or other regulatory levies for prior audit years and changes in tax laws, rulings or regulations
• a disruption of our businesses due to changes in international or national political conditions, including the use of the mail for
transmitting harmful biological agents or other terrorist attacks
• acts of nature
Other risks that may also adversely impact us are more fully described under "Item 1A. Risk Factors" in this Annual Report.
ITEM 1. BUSINESS
General
Pitney Bowes Inc. (we, us, our, or the company), was incorporated in the state of Delaware in 1920. We are a global technology company
offering innovative products and solutions that enable commerce in the areas of customer information management, location intelligence,
customer engagement, shipping and mailing, and global ecommerce. More than 1.5 million clients in approximately 100 countries around
the world rely on our products, solutions and services.
For more information about us, our products, services and solutions, visit www.pb.com. Also, our annual reports on Form 10-K, quarterly
reports on Form 10-Q, current reports on Form 8-K and any amendments thereto filed with, or furnished to, the Securities and Exchange
Commission (the SEC), are available, free of charge, through the Investor Relations section of our website at www.pb.com/investorrelations
or from the SEC's website at www.sec.gov, as soon as reasonably practicable after these reports are electronically filed with, or furnished
to, the SEC. The other information found on our website is not part of this or any other report we file with or furnish to the SEC.