Stamps.com Appoints New Chief Financial Officer

SANTA MONICA, Calif, — January 7, 2004 – Stamps.com(TM) (Nasdaq: STMP – News), the leading online service for printing postage, today announced that Kyle Huebner, current Vice President of Marketing and Strategy, has been promoted to Chief Financial Officer. In his new role, Mr. Huebner takes over the CFO position from Ken McBride, who had formerly held the title of both CEO and CFO.

“I am delighted to announce the appointment of Kyle Huebner to CFO,” said president and CEO Ken McBride. “Kyle brings tremendous knowledge of the Stamps.com business and financial model, as well as a tremendous track record in driving growth for the company. Following the settlement of our patent lawsuits, this move will provide greater management focus as we drive toward profitability in the business.”

In the role of CFO, Mr. Huebner will be responsible for the company’s finance, human resources, accounting, investor relations, and corporate strategy groups. A search for a new head of marketing will be conducted by the company beginning immediately; until a new marketing head is found, Mr. Huebner will continue to run the marketing department.

Mr. Huebner has served as Vice President of Marketing and Strategy for Stamps.com since December 2001. He also served as head of Corporate Strategy and Development for the company from January 1999 to December 2001. Prior to joining Stamps.com, Mr. Huebner worked as a Strategic Consultant for Bain & Co. and as an Equity Research Analyst for J.P. Morgan. Mr. Huebner received a B.A. in Mathematics from Dartmouth College and a Master’s in Business Administration from Harvard Business School.

“As we remove the large litigation fee burden off the Stamps.com business model and move toward profitability, I am pleased and excited to assume the duties of CFO,” said Kyle Huebner. “I am very energized by the opportunities available to the business in 2004 and beyond.”

About Stamps.com

Stamps.com (Nasdaq: STMP) is a leading provider of Internet-based postage services. Stamps.com enables customers to print U.S. Postal Service-approved postage with just a PC, printer and Internet connection. The company targets its services to small businesses, home offices, and individuals, and currently has partnerships with companies including CompUSA, Earthlink, HP, Microsoft, NCR, Office Depot, Vendio and the U.S. Postal Service.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This release may contain forward-looking statements that involve risks and uncertainties. Important factors, including the company’s ability to complete its products and obtain regulatory approval, which could cause actual results to differ materially from those in the forward-looking statements, are detailed in filings with the Securities and Exchange Commission made from time to time by Stamps.com, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2002, its subsequent Quarterly Reports on Form 10-Q, and its Current Reports on Form 8-K. Stamps.com undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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