in 1999 we became the first company to offer a software only pc postage solution enabling customers for first time ever to print real postage from any internet connected pc and standard renter. just seven years ago pc postage accounted for one quarter of a billion dollars in federal postage sales. last year accounted for over three and one quarter billion dollars soul. stamps.com postage was alone was more than 35% year-over-year. as consistent double-digit growth every year even through the heart of the recession. virtually all the priority and express growth surge in recent years is generated through the pc postage industry channel. a recent study showed revenue through the industry pc postage channel costs 2 cents per dollar of revenue compared to 47 cents per dollar through a usps retail outlet. pc postage produce a secure identifiable mail which is important for security against biological for other attacks. pc postage provides customers with cutting-edge technology without the postal service having to pay for research development support or maintenance. stamps.com's is launched an

in 1999, we became the first company to offer a software only pc postage solution. enabling customers for the first time ever to print real postage from any internet connected pc and standard printer. just seven years ago, pc postage 5 billion inr $.2 annual postage sales. last year and accounted for over 3.25 billion in postage sold. stamps.com's growth alone was more than 30 5% year-over-year. that is consistent, double-digit roads every year. even through the heart of the recession. virtually all of the priority and express growth surged in recent years is generated through the pc postage industry. a study showed that revenue through the industry pc postage dollar ofst $.2 per revenue compared to $.47 through a usps owned retail outlet. pc postage produces secure, sender identifiable mail, which is important for security against biological or other attacks. pc postage provides customers with cutting edge technology without the postal service having to pay for research, development, support, or maintenance. anmps.com has launched enterprise service targeted to orga

the pc postage provides the jobs in the industry and the postal service. package produced is ultimately delivered by the city or the rural carrier. the growth in the postage means more packages to deliver, more letters to deliver, more volume to service. thank you for the invitation to testify today. >> mr. eidemiller? make it gets mangled quite often. i'm used to it. >> good morning mr. chairman for the impact systems we are a small startup company that produces a better pharmacy for the future of prescription packaging. by the 71-year-old navy veteran from a small town and the california population 85. this is impact. this is the traditional roundabout. this bottle of water is evident, this prescription is not. we have more security in this event we do in this. hard to believe. we also have a lot more legal space so it is much easier to read. last it is much more space efficient and compact. it's made in the united states and pennsylvania. that is another reason i'm here today. the usps provides a favorable rate for the machine. this is a parcel. it is $2

years ago pc postage accounting for one quarter of a billion dollars of annual postage sales and lastear it accounted for over three and one quarter billion dollars. stamps.com posted joe was more than 35% year-over-year. that is consistent double-digit growth every year even through the heart of the recession. virtually all of the priority and express growth in the recent years has generated through the postage industry channel. the recent study showed revenue through the industry channel costs 2 cents per dollar of revenue compared to 47 cents per dollar through the u.s. retail outlet. pc postage produces secure sender identified mail which is important for security against biological or other attacks. it provides customers with cutting-edge technology without the postal service having to pay for research development, support or maintenance. stamps.com has launched an enterprise services targeted at organizations with multiple geographic locations and features enhanced reporting that allows a central location such as a corporate headquarters, greater visibility and control over post

process of years of speaking with the postal service by us and other companies that wanted to do pc postage to convince the postal service to approve it does allow it to exist. there were people within the postal service that were encouraging. there were others more discouraging. >> any suggestions for how we can change the process of getting innovative rocks like stamps.com -- innovative to get like stamps.com to exist? >> we do think there are protections that come to make sure the postal service has launch a product. we do very much support the concept of using a public-private ownership. player toindustry come up with the best solutions that work well. that has to be a little bit awkward in that they are a regulator and you are a competitor. lex it is a very difficult position to be in when you invest a lot of time and effort into an industry into launching by the postalated service. you have to provide detailed information about how your products work. they launch it directly competitive. let's make it to a couple more questions to go. outbox, mr. to davis, one of the things i service

pc postage accounted for one quarter of a billion in postal service sales and last year it accountedor over 3 billion and growth was 35% year over year. that is consistent double digit growth every year even through the heart of the recession. virtually all of the priority growth surge is generated through the pc postal service channel. a recent study showed revenue cost 2 cents per dollar of revenue compared to 47 cent per dollar from a postal outlet. it provides security from biological attacks and other attacks. we provide customers with cutting edge technology without the postal service having to pay for research, development, support or maintenance. we have launched an enterprise service targeted with companies with multiple locations with enhanced reporting that allows a central location, such as a corporate head quarters, greater visibility and control over the postage expending across the entire network. an e-commerce market with multiple stores can use our website to consolidate all of their orders and ship with ease. from one click they can import the services from the shop

process of years of speaking with the postal service bias and other companies that wanted to do pc postage to convince the postal service to approve it and allow it to exist. there were people within the postal service t who were encouraging and there were others who are more discouraged. >> to give any suggestions for how we could change the process of getting innovative products like stamps.com to be adopted by the post office? >> we do think that it would make sense to add some protections to companies that come with new innovations to the postal service, to make sure that the postal service doesn't unfairly compete and launch its own products compared to what those companies do. and we do very much support the concept of using public-private partnerships and having a private industry players be able to come up with the best solutions that work well. >> the postal service is now competing with you with their click to ship product. that's got to be a little bit awkward in that they are your regulator and your competitor. >> it is a very difficult position to be in when you invest a lot o