Pitney Bowes 2015 Annual Report Download - page 19

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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 new products and services, including digital-based products and services, obtaining regulatory approval
if required, and the market’s acceptance of these new products and services
• our ability to successfully implement and transition to a new Enterprise Resource Planning (ERP) system in the United States
without significant disruption to existing operations
• the success of our investment in rebranding the company to build market awareness and create new demand for our businesses
• changes in postal or banking regulations
• macroeconomic factors, including global and regional business conditions that adversely impact customer demand, access to
capital markets at reasonable costs, changes in interest rates, foreign currency exchange rates and fuel prices
• the continued availability and security of key information systems and the cost to comply with information security requirements
and privacy laws
• 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
• the loss of some of our larger clients in the Global Ecommerce segment
• integrating newly acquired businesses including operations and product and service offerings
• intellectual property infringement claims
• our success at managing customer credit risk
• significant changes in pension, health care and retiree medical costs
• 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 help our clients navigate the complex world of commerce. We offer customer information
management, location intelligence and customer engagement products and solutions to help our clients market to their customers, and
shipping and mailing, and cross border ecommerce products and solutions that enable the sending of parcels and packages across the
globe. More than 1.5 million clients around the world rely on our products, solutions and services. For more information about us, our
products, services and solutions, visit www.pb.com.