PIN Group

PIN Group AG
legal form	Corporation
founding	2005
Seat	Cologne
management	Horst Piepenburg
Number of employees	approx. 11,350 (2007) ; approx. 730 (April 2009) ; 0 (September 2010)
sales	EUR 168.3 million (2006) ; EUR 275.0 million (2007) ; EUR 350.0 million (2008)
Branch	Postal company

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The PIN Group AG SA was a holding numerous regional German postal company . It originally had its seat in Leudelange in the Grand Duchy of Luxembourg . However, when the renovation began, the management was relocated to Cologne . At that time, the central service company of the PIN Group, PIN Shared Service Center GmbH (formerly based in Berlin ), which had meanwhile been dissolved due to bankruptcy opening, was also located in Cologne . The legal form of PIN Group AG SA is that of a stock corporation (AG), according to Luxembourg law it is a Société Anonyme (SA)

Numerous holdings were bought at the end of September 2008 by the Georg von Holtzbrinck publishing group .

The beginnings

PIN intelligent services AG, a postal company from Berlin , which is now called PIN Mail AG, was the starting point for the PIN Group AG, which emerged much later. The Berlin mail service provider was founded in April 1999 by Bernhard Klapproth and Martina Roitzsch in Berlin. The letter delivery in Berlin began on 17 August 1999. The PIN Mail AG operates its own PIN branches and PIN partner shops and own PIN letterboxes in Berlin.

After the abolition of the letter monopoly in Germany became apparent, in mid-2004 Axel Springer AG and the Georg von Holtzbrinck publishing group each took a 30 percent stake in PIN intelligent services AG. The shares were taken over by the company founders and DKB Wagniskapital GmbH.

In October 2005 the remaining shares of the PIN founders were taken over by the WAZ media group and the Luxembourg investment company Rosalia Investment SA from Günter Thiel , and the PIN Group SA was founded. In the summer of 2006, the newspaper publishers Madsack , M. DuMont Schauberg , Rheinisch-Bergische Verlagsgesellschaft and Verlag W. Girardet KG brought their mail service companies into the company. In return, they received a ten percent share in PIN Group SA

Growth in 2007

With the takeover of Briefnetz Süd GmbH & Co. KG (BNS), an amalgamation of the mail service companies of 12 newspaper publishers in Bavaria and Baden-Württemberg, the PIN Group had a nationwide delivery network from April 2007. PIN Group SA succeeded in expanding its business activities to include the formal delivery of official mail with the purchase of the Ulm-based mail service provider DirektExpress .

As of June 2007, the company was under the majority control of Axel Springer Verlag, which increased its stake in the company from 23.5 percent to 71.6 percent. Axel Springer AG acquired the additional shares for EUR 510 million from the co-owners WAZ, the Georg von Holtzbrinck publishing group and Rosalia.

PIN Group SA acted as a holding company and was responsible for the strategy of the corporate relationship and the planning of the operative business, which was carried out by the German subsidiaries and holdings.

In February 2007 there were around 7,000 employees subject to social insurance contributions at PIN Group SA. The Chairman of the Board Günter Thiel announced that by the end of 2007 there should be more than 20,000 employees subject to social insurance contributions.

Investments in 2007

The following subsidiaries belonged to the PIN Group SA group of companies in 2007:

PIN Mail Hannover GmbH, Hanover (formerly Citipost Gesellschaft für Kurier- und Postdienstleistungen mbH )
DBU Briefunion GmbH, Brakel
PIN Mail Münsterland GmbH, Münster (formerly Brief Direkt GmbH )
PIN Mail GmbH, Erfurt- Alach (formerly THPS Thüringer Post Service GmbH )
PIN Mail GmbH, Brakel (formerly Annen-Post GmbH )
PIN Mail GmbH, Düsseldorf (formerly NET-DBS Netzwerk Deutscher Briefservice GmbH )
PIN Mail GmbH, Essen (formerly WPS Westdeutscher Post Service GmbH )
PIN Mail GmbH, Hamburg (formerly point Direktvertriebs GmbH )
PPD, Bremen (private postal service),
PIN Mail GmbH, Kassel (formerly Annen-Post Kassel GmbH )
PIN Mail GmbH, Neumünster (formerly save postage in the north GmbH )
PIN Mail GmbH, Wildau (formerly Brief-Express Röder GmbH )
PIN Mail GmbH, Woltersdorf (formerly Speedy-Express GmbH )
Regio Print-Vertrieb GmbH, Saarbrücken , brand: saarriva
arriva GmbH, Singen am Hohentwiel (Lake Constance)
Briefnetz Süd GmbH & Co. KG (BNS)
Direktexpress Holding AG Ulm

In addition, the PIN Group held a 100% stake in PIN Mail AG in Berlin , from which it emerged. A total of 91 regional subsidiaries belonged to PIN Group SA

PIN partner shops in savings banks

To expand their branch network, PIN partner shops were opened in savings banks ; so initially from September 1, 2007 with Sparkasse Siegen and from September 14, 2007 with Verbands-Sparkasse Wesel , where PIN shops were set up in all customer centers in Wesel , Hamminkeln and Schermbeck . Further NRW savings banks were to follow - PIN aimed at using the entire German savings bank branch network (17,000 branches) at the end of 2007. On December 31, 2008, the Verbands-Sparkasse Wesel stopped the postal service in all sales outlets after the cooperation with the legal successor, the WAZ Postservice, did not continue as planned at the beginning of the project.

Workers rights and criticism

In spring 2007, the ver.di trade union and the employee representatives criticized the treatment and payment of the approximately 9,000 PIN employees. The cheaper postage prices in comparison to Deutsche Post were bought by the low incomes of the deliverers , which were below the subsistence level. Many employees were to increase to the state unemployment benefits dependent.

Furthermore, works councils were neither recognized nor approved. In addition, the PIN Group tried to legally prohibit legal strike activity. The TAZ headed an article about PIN AG with "Lidl among the postal service providers", alluding to the criticism of the way employees are managed in a supermarket chain.

In February 2007, Ver.di announced in its members' magazine that an agreement to start collective bargaining had been signed. An in-house tariff, consultations on co-determination and training as well as a regular round of talks at board level were planned.

In October 2007, PIN Group SA was allegedly involved in the founding of the New Letter and Delivery Services Union (GNBZ).

Post minimum wage

Due to the public discussions about dumping wages among the new postal service providers and due to the recently decided possibility to expand the Employee Posting Act (AEntG) to other sectors, the union ver.di and the employers' association postal services concluded a collective agreement on a minimum wage of 8.00 to 9.00 .80 euros per hour. This collective agreement was heavily criticized by the new postal operators. In the opinion of the competitors, Deutsche Post AG would have exploited its leadership in the postal services employers' association to dictate high minimum wages for the new postal companies, which would no longer have allowed fair competition.

After the federal government agreed in November 2007 on the introduction of a minimum wage in the mail delivery sector by including it in the Posted Workers Act, Axel Springer AG announced massive opposition. In particular, Bild , BZ , Die Welt etc. reported in detail about the alleged disadvantages of the minimum wage for mail carriers. In addition, the PIN employees were asked to take part in a demonstration organized by the employers against the Post's minimum wage on October 9, 2007.

The general minimum wage for the mail service industry was declared ineffective by the Federal Administrative Court in 2010.

Investment freeze

Mathias Döpfner , CEO of Axel Springer AG , announced on December 14, 2007 that the majority shareholder with 63.7 percent had already invested around 620 million euros in PIN Group SA in the past two years. Further losses could not be taken over, so that the PIN Group SA is likely to face bankruptcy. After the exit of the main shareholder Axel Springer AG, Günter Thiel , CEO of PIN Group SA, made an offer to take over the shares ( management buy-out ). He wanted to secure the continued existence of the company for six months with a "higher double-digit million amount".

On December 19, 2007 it became known that the PIN Group would continue to operate despite failed negotiations with Axel Springer AG. Horst Piepenburg became the new CEO in January 2008, who was to be supported by Hans-Joachim Ziems , who restructured the formerly insolvent Kirch Media Group .

According to its own information on the website, PIN Group SA still had the following board on January 10, 2008 :

Günter Thiel - Chief Executive Officer (CEO)
Julian Deutz - Chief Financial Officer (CFO)
Karsten Böhrs - Chief Operating Officer (COO)

Bankruptcy filings from PIN Group companies

Closed PIN-Group mailbox after bankruptcy

As of December 21, 2007 numerous subsidiaries of PIN Group SA filed for bankruptcy :

On December 21, 2007, 7 companies in Bremen, Fulda, Kassel, Cologne, Landshut, Munich and Trier filed for insolvency proceedings because, according to their own information, they could no longer pay the social security contributions due for their employees.

On December 28, 2007 the application for the opening of insolvency proceedings for Regio Print-Vertrieb GmbH (Saarriva) in Saarbrücken, PIN Mail Münsterland GmbH in Münster and BZM Briefzentrum Münsterland GmbH in Emsdetten was filed with the Cologne District Court . These had a total of 340 employees.

On January 9, 2008, the new head of the company, Horst Piepenburg, announced that he would stop the layoffs announced in December 2007 by his predecessor Günter Thiel . Piepenburg justified this with the fact that the interest of investors was greater than expected.

So far, bankruptcy applications have been filed for 18 subsidiaries . As a result, 19 additional subsidiaries had to file for bankruptcy. According to information from Horst Piepenburg, around two thirds of the 9,000 employees were affected by the bankruptcy on January 23, 2008. At the end of February 2008, 37 of the 91 PIN companies were in bankruptcy.

From January 2008, the PIN paid the post office minimum wage of EUR 9.80 per hour and thus did not contradict applicable law.

The PIN Group Holding and the central service company (PIN Shared Service Center GmbH) also filed for insolvency at the Cologne District Court on January 25, 2008 . As the Spiegel reported, a PIN shareholder would not have been prepared to defer a claim of around 1.5 million euros from the PIN Group. After the exit of Axel Springer AG, PIN's financial resources lasted until the end of February 2008. Due to the insolvency, the previous shareholders no longer had any influence on the management.

Bruno Kübler has been appointed insolvency administrator of the PIN Group. He announced on February 26, 2008 that numerous jobs would have to be cut. The PIN Group was looking for investors. Kübler admitted that as of March 1, 2008, 2,770 employees, a quarter of the 11,400 employees previously, had become unemployed. An investor was still being sought for the remaining approx. 8,000 employees.

In 2007, the PIN Group had a turnover of 275 million euros. Sales in 2008 were estimated at EUR 350 million.

Closures and sales

From the end of 2007 about a third of the subsidiaries and in January 2008 also the PIN Group AG itself filed for bankruptcy after Axel Springer AG no longer wanted to postpone investment funds. As a result, around 60 subsidiaries were closed or sold and fell out of the PIN mail delivery network or at least the PIN Mail brand was lost.

The following is a list of those companies - including the number of employees (MA) - that filed for bankruptcy, were closed or sold. (As of September 22, 2010)

Holding: PIN Group AG SA Cologne, 39 employees, closed
01. PPD GmbH, Bremen, 286 employees, closed
02. PIN Mail GmbH, Kassel, 589 MA, closed
03. PIN Mail Landshut GmbH, 143 employees, closed
04. PIN Mail Munich GmbH & Co. KG, 157 employees, sold
05. PIN Mail Osthessen GmbH, Fulda, 13 employees, closed
06. PIN Shared Service Center, Cologne / Berlin, 70 employees, closed
07. TV Medienservice GmbH, Trier, 102 employees dismissed - 15 employees left, sold
08. REGIO Print-Vertrieb GmbH (Saariva), Saarbrücken, 106 employees, sold
09. PIN Mail Münsterland GmbH, Münster, 468 employees, closed
10. BZM Briefzentrum Münsterland GmbH, Emsdetten, 58 employees, sold
11. West Mail Delivery Services II GmbH, Mainz, 89 MA, closed
12. West Mail GmbH & Co. KG, Langenfeld, 801 MA, closed
13. Westmail delivery services Euregio GmbH, Aldenhoven, 120 MA, closed
14. PIN Mail Schwerin GmbH, 34 employees, closed
15. PIN Mail Westmünsterland GmbH, Borken, 62 MA, closed
16. PIN Mail GmbH, Hamburg, 266 employees, closed
17. West Mail III Koblenz, 110 closed
18. PIN Mail GmbH Erfurt, 266 employees dismissed - 300 employees left, sold

18 .: Sold to WAZ Logistik Iserlohn GmbH & Co. KG

19. PIN Mail GmbH Brakel, 523 MA, closed
20. PIN Mail 59 GmbH, Soest, 190 MA, closed
21. PIN Mail GmbH, Neumünster, 86 employees, closed
22. LN Briefkurier GmbH, Lübeck, 264 employees, closed
23. PIN Mail Frankfurt GmbH & Co. KG, Frankfurt, 130 employees, closed
24. HNA Postlogistik GmbH, Kassel, 14 employees, closed
25. PSW Postservice Westfalen GmbH, Hamm, 517 MA, closed
26. PIN Mail 34 Liefergesellschaft mbH, Kassel, 148 employees, closed
27. PIN Mail Thüringen GmbH, 44 employees, sold

27 .: Sold to WAZ Logistik Iserlohn GmbH & Co. KG

28. BPL Brief- und Paketlogistik GmbH, 467 employees, sold
29. PIN Mail 06 GmbH, Magdeburg, 185 employees
30. PIN Mail 39, Magdeburg, 291 MA, sold
31. PIN Sortierservice München GmbH, 0 employees, closed
32. PIN Mail Bayern GmbH, Würzburg, 90 employees, closed
33. PIN Mail Südost GmbH, Passau, 145 MA, closed
34. PIN Mail Stuttgart GmbH & Co. KG., 193 employees, closed
35. PIN Mail Sachsen GmbH, 40 employees dismissed - 260 employees left, sold

35 .: The buyer is Stark Holding Bremen

36. PIN Mail Nord GmbH, 5 employees, active, insolvency money expired
37. PIN Development GmbH, Berlin, 17 employees, closed
38. PIN MAIL Ingolstadt GmbH, 123 MA, closed
39. PIN Mail Essen GmbH, 185 employees, sold without bankruptcy,

39 .: Buyer WAZ Post Service

40. PIN Mail Düsseldorf GmbH, 61 employees, sold without bankruptcy
41. PIN Mail Logistics GmbH Hamburg, 8 employees, sold without bankruptcy

40. – 41 .: Sold to Xanto GmbH & Co. KG.

42. PIN Mail Hannover GmbH (including branches in Braunschweig and Göttingen), 159 employees, sold without bankruptcy

42 The buyer of PIN Hannover is the publishing company Madsack GmbH & Co. KG

43. PIN MAIL 74, Troisdorf, Heilbronn, 17 employees, sold

In December 2007 there were still around 50 employees

44. PIN Mail Mitte GmbH, Hanover,? MA, closed
45. PIN Mail AG, Berlin + 8 companies in Brandenburg, sold without bankruptcy
46. Arriva GmbH, Freiburg,? MA, sold without bankruptcy
47. Mainpost Logistik, Würzburg,? MA, sold without bankruptcy
48. Main-Sortier-Service GmbH, Würzburg,? MA, sold without bankruptcy

45. – 48 .: The buyer is the publishing company Holtzbrinck, a total of 2,500 employees were taken over

49. City Mail GmbH, Regensburg, around 160 employees, sold without bankruptcy

49 .: The buyer is the Mittelbayerische Verlag

50. PIN Mail Stralsund GmbH, around 100 employees, sold without bankruptcy

50 .: today: Nordkurier Logistik Nordvorpommern GmbH & Co. KG

51. MV Zufell GmbH, sold (today Madsack Logistik Nord)
52. MV Logistik GmbH, sold (today Nordbrief Rostock)

51. – 52 .: Together these two companies make up NordBrief with a total of 125 employees,

The buyer is the Lübecker-Nachrichten-Gruppe

53. Direkt Express Holding (DEX), 730 MA, sold

53. The shares were bought back by Direkt Express AG. This bankruptcy in 2011 at the latest.

54. PIN Deutschland GmbH Cologne, active until 2011

Dismissed employees: around 5,662
Jobs saved through sales: around 5,455 (including solvent companies / companies sold without insolvency)
Current number of employees: around 0 (with around 11,350 employees, according to company information)

Since the exact number of employees was not known, this information about current and laid-off employees is based on estimates and is updated continuously. According to estimates by PIN Group AG, it had a total of around 11,350 employees.

Investor search

Company boss Horst Piepenburg should already have held talks with American holding companies , including the Blackstone Group , Kohlberg Kravis Roberts (KKR) and Advent International , about a participation in January 2008 , but this is denied by them.

The PIN Group AG should be sold as a whole if possible. The talks with investors were already in the due diligence process at the beginning of March 2008 .

The Hannoversche Verlagsgesellschaft Madsack bought back the profitable and solvent PIN Mail Hannover (formerly Citipost Hannover). A few other newspaper publishers were also considering buying back their former daughters. The Mittelbayerischer Verlag was interested in the Citymail Regensburg. The Mainpost, a subsidiary of the Georg von Holtzbrinck publishing group, at the Würzburger Mainpost Logistik and the press wholesaler Trunk from Munich wanted to buy back PIN Munich, it said.

According to media reports in March 2008, the French La Poste was very interested in PIN Group AG SA and was also involved in the negotiations. La Poste has already confirmed the newspaper reports that the remaining solvent group would be interesting. France's La Poste was already active in Germany with its parcel subsidiary DPD. However, the state-run La Poste encountered legal hurdles when it took over Pin. In contrast to the German mail market, the French mail market was not yet open to competitors. Therefore, La Poste could have tried to come through with a partner in Germany in order to bypass this obstacle, it was said in industry circles.

Axel Springer Verlag was also traded as an interested party. Accordingly, the Bild -verlag examined a buyback of Punkt Direkt in Hamburg in order to use it for the delivery of advertisements and weekly newspapers. This also happened.

The Essen WAZ, on the other hand, would have no interest in the PIN insolvency estate. It had already bought back the former subsidiary WPS (now WAZ Logistik Brief) at the end of 2007 in order to check the so-called “last mile” to the mailbox itself. The WAZ remained a minority shareholder in PIN.

The insolvency administrator of "PIN Group AG SA", Bruno M. Kübler, was confident that he would find an investor for the approximately fifty non-insolvent companies of the PIN group within a short period of time. In the event that the expected purchase price would not be offered, the creditors' meeting of PIN-Holding in Cologne on May 26, 2008 decided that the PIN group should be continued under the leadership of Kübler.

Bruno M. Kübler , Hans-Joachim Ziems, Horst Piepenburg and Karsten Zabel were appointed as new members of the Supervisory Board of PIN Mail AG Berlin. The employees' interests continued to be represented by Andreas Poser and Udo Raabe. Bruno M. Kübler was elected chairman of the supervisory board; according to the press release of the holding company, Hans-Joachim Ziems became deputy chairman in June 2008.

The Georg von Holtzbrinck publishing group in Stuttgart became one of Deutsche Post's biggest competitors in September 2008. The insolvency administrator of PIN-Holding, Bruno Kübler, sold twelve companies with around 2,500 employees to the publishing house. This affected PIN Mail AG Berlin, eight PIN companies in Brandenburg, Freiburg's Arriva, “Main-Post Logistik” and “Main-Sortier-Service” in Würzburg. In addition, several publishers bought back their old regional mail services. Investors were still sought for a further twenty companies with 1,200 employees.

Private mail and competition in Germany after the insolvency of the PIN Group

The share of private postal service providers in the entire postal market in Germany has stagnated at 10% since the PIN Group went bankrupt. The federal government, which decides on the minimum wage, is also the largest shareholder of Deutsche Post through KFW. The introduction of the minimum wage in the mail delivery sector limited competition in the postal sector and ensured the continued existence of the almost monopoly of Deutsche Post AG.

philately

From 2000 to 2008 the PIN Group brought out stamp editions with motifs with a local focus (examples: Brandenburger Tor , Auerbachs Keller in Leipzig), as well as sports clubs ( Hertha BSC , Kölner Haie ), as well as motifs with a special local color ( Berlin Zoo , Buddy Bears , Ampelmännchen ).

Web links

Commons : PIN Group - collection of pictures, videos and audio files

Labornet on the conflict at the PIN Group
Bribed unionists? Pin boss under suspicion from March 20, 2008 on n-tv.de.
Cheap is expensive. , April 2012, brand eins
Dossier at Spiegel Online

Individual evidence

↑ ^a ^b Focus Online : Recovery plans - Seam rescue for PIN from the USA? dated January 27, 2008

↑ ^a ^b Handelsblatt : Competition for Post - Holtzbrinck acquires parts of the Pin Group on September 26, 2008

↑ Welt Online: Springer, Holtzbrinck and WAZ postal service starts under the name Pin on November 9, 2005.

↑ PIN Group: PIN Group takes over Briefnetz Süd and thus strengthens its market presence in southern Germany ( memento of October 10, 2007 in the Internet Archive ) of March 29, 2007.

↑ PIN Group: PIN Group AG sets the course for further growth ( memento of October 7, 2007 in the Internet Archive ) of June 28, 2007.

↑ member magazine Ver.di .

↑ Federal Gazette .

↑ Group structure database from Hoppenstedt & # 150; Participations, shareholders, who controls whom, company profiles .

↑ Debt collection, credit checks, direct marketing - Creditreform. Association of Associations Creditreform eV, accessed on May 15, 2018 .

↑ PIN Group: PIN Group takes over the largest private mail service provider in Baden-Württemberg ( Memento of October 7, 2007 in the Internet Archive ) from October 1, 2007

↑ PIN-Group: "PIN opens further Post Shops in North Rhine-Westphalia" ( Memento of December 21, 2007 in the Internet Archive ) of September 14, 2007.

↑ Input-Consulting GmbH: Liberalization and precariousness - employment conditions at the new mail service providers in Germany , study on behalf of ver.di from December 2006 ( PDF file; 335 kB)

↑ Dieter Hanisch on neue-deutschland.de : "Works councils fired because of strike - protest at private mail carrier PSIN" on September 28, 2006

↑ Bernhard Rohkemper on Taz.de: The Lidl among the postal service providers from February 28, 2006

↑ Report Mainz on SWR .de: A new trade union is turning the situation on October 30, 2007 (last change)

↑ Katharina Sobottka: People's dumming instead of people's voice on October 18, 2007 on polaronline.de

↑ Judgment of January 29, 2010, 8 C 19.09

↑ Axel Springer press release: After the minimum wage resolution by the Bundestag: No further funding for the Axel Springer PIN Group of December 14, 2007

^ Spiegel Online: Springer prepares for pin bankruptcy on December 8, 2007

↑ PIN Group: Günter Thiel confirms offer for management buy-out - continuation of the PIN Group possible under very difficult conditions ( memento of December 16, 2007 in the Internet Archive ) of December 14, 2007

↑ Manager-magazin.de: Pin / Springer - Sanierer Piepenburg takes over from December 19, 2007

↑ Tagesschau .de: Post competitor PIN before the end - "No sustainable financial concept" (tagesschau.de archive) from December 19, 2007

↑ PIN Group: The Management ( Memento from January 10, 2008 in the Internet Archive )

↑ Sueddeutsche.de : Pin Group - Several pin companies report bankruptcy ( page can no longer be accessed , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. dated December 21, 2007.@1@ 2

↑ Rw konzept: The reorganization board of PIN Group AG shares criticism of the Federal President about the amount of the minimum wage ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. dated December 28, 2007.@1@ 2

↑ Logistics inside: Postal service provider PIN sends further subsidiaries into bankruptcy ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. from January 23, 2008.@1@ 2

↑ Der Tagesspiegel : "Pin wants to pay the minimum wage. More bankruptcies are likely" from January 23, 2008.

↑ Welt Online: PIN group announces job cuts on February 26, 2008

↑ ^a ^b Stern .de: Pin-Group - A quarter of the Pin employees were unemployed as of March 3, 2008

↑ Reuters : Blackstone and KKR do not discuss PIN purchase on January 28, 2008

↑ Fulda news: "Great solution" - PIN group should be retained as a whole from March 1, 2008

↑ AFP at afp.google.com: French Post examines entry into Pin Group ( memento from July 8, 2012 in the web archive archive.today ) from March 17, 2008

↑ Kübler press release: PIN-Holding: creditors' meeting decides to continue ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. (PDF file; 48 kB)@1@ 2

^ PIN AG: New Supervisory Board for PIN Berlin from June 12, 2008

^ Philately . on the website of Pin Mail.