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Stamps.com, Microsoft Offer Postage

August 23, 1999

SANTA MONICA, Calif. (AP) _ Stamps.com Inc. said Monday it will provide its Internet postage service on Microsoft Corp.’s Office Update Web site.

Financial terms weren’t disclosed, Dow Jones News Service reported.

Stamps.com, of Santa Monica, Calif., is one of two companies licensed by the U.S. Postal Service’s PC Postage program that lets individuals and companies buy postage via the Internet and affix stamps directly from a personal computer.

In morning trading, shares of Stamps.com were up 20 percent, or $6.25, at $36.87 1/2 on the Nasdaq Stock Market.

Stamps.com, which is targeting small businesses and people with home offices, allows users to download its software for free. The company plans to make its service available nationwide Sept. 27.

Microsoft’s Office Update Web site is for people who use the Office suite of business application software produced by the Redmond, Wash.-based company. If offers customers free updates and add-on products.

The other company licensed for the PC Postage program is EStamp Corp. of San Mateo, Calif.

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