Unproductive or unsold assets are known as "dead capital " and there is an estimated 9.3 trillion dollars of it world-wide.
Unsold appointment time, empty hotel rooms, unsold venue passes, unfilled advertising space, rapidly depreciating stock, end-of-line items or oversupplied products all represent lost revenue which otherwise will never be recovered.
It is Ormita’s mission to transform this otherwise lost profit into new income, investments and tax benefits for corporations.
Barter is the Largest Unregulated Financial Service Industry in the World
Non-cash trade, in one form or another, accounts for nearly 30 percent of the world’s total business.
70% of all Fortune 500 companies utilize offset trading.
According to the Association of Advertising Agencies, eight out of ten media corporations engage in excess capacity exchange.
Approximately 65% of all New York Stock Exchange-listed companies barter.
Nearly 400,000 businesses engage in formalised non-cash transactions in the United States.
1. (2004)., Department of Commerce Fact Sheet. USA DOC. 2. Schmiddgall, R.S., Damitio, J.W. (1999)., Bartering activities of the Fortune 500 and hospitality lodging firms., International Journal of Hospitality Management 3. American Association of Advertising Agencies. (2003). 4. (2004)., Annual Report, National Association of Trade Exchanges. Fact Sheet, International Reciprocal Trade Association. 5. Stodder, J. (2007)., Residual Barter Networks and Macro-Economic Stability. Renselaer Polytechnic Institute at Hartford, Hartford CT.
Ormita customers do not replace cash customers, instead they are incremental (new) income.
We bring new customers to a business through our own marketing activities.
These new customers make purchases and generate new revenue.
This additional revenue is used to pay for a businesses existing costs , expansions, improvements and new acquisitions.
Depending on your industry type businesses are allowed to charge part of their transaction in cash
Ormita is income supplemental to the cash already being generated by selling to existing cash-paying customers. Ormita saves cash by offsetting expenses. It is not meant as a replacement for cash and cannot be used to pay Sales Tax and fixed expenses. Once those expenses are covered, however, by existing cash business, then every additional customer through is new revenue, with a higher margin of profit.
Targets businesses which have reached a certain level of cash sales but which still have the capacity to expand output - without needing to increase their cash costs to do so.
Provides members the ability to trade their excess capacity or unsold inventory for products and services they need - without the need for cash.
Acts as a centralised broker for trading excess capacity by operating an online and brokered trade floor.
Promotes the trade of excess assets by arranging local networking meetings, producing an electronic and printed membership directory, sending email and SMS broadcasts of latest deals and distributing regular newsletters to participants.
Operates a bank-like system for trade transactions so that members do not have to engage in direct “barter”, thereby allowing them to sell to one member for trade credits and buy from another with the same trade credits.
Allows for trade in areas which are “rich” in skills and assets but “poor” in cash.
www.ormita.com Ormita acts as a clearinghouse for the trade of excess capacities, goods and services through a combination of online e-commerce, transaction processing, 24 hour telephone brokering and independent licensees. Rather than promoting direct trade between participants the Company brokers trades through a centralized trade platform. Just like any brokerage firm, Ormita receives a cash commission on each transaction. 3 This ledger system utilises a “trade credit” as a method of accounting with 1 Trade Credit = $1. ( NB. Trade credits are also referred to as Barter Dollars by our competitors). 2 Transactions are recorded in a centralized “ledger” which records the value of the items purchased (debit) and sold (credit) - much like a clearinghouse does for stocks, or a commercial bank does for checks. 1
www.ormita.com Y N No-Fee Escrow Agency Services Service Comparison Y N Import / Export Trade Coordinator Y N Independent Complaints Committee Y N Local Exhibitions Y N Dedicated Trade Brokers Y N Local Networking Meetings Y N Member Magazine Y Y Buy & Sell Online Y Y Internet Banking & Online Funds Transfer Y Y Online Directory Quarterly N Printed Member Directory Weekly Monthly Email Newsletters Y ? Fax Broadcasts Y N 24 Hour Phone Banking & Live Brokerage Y N Mobile Phone Alerts Ormita Other Exchanges
Founder and former CEO of XO Limited, one of the largest providers of software for the barter exchange industry.
American Economics Association
Canadian Economics Association
Commonwealth Association of Public Administrators
Economic Society of Australia
Midwest Economics Association
New Zealand Law & Economics Association
James (Jim) Gielarowski
Experienced CEO & Business Leader
Founder and former CEO of Pittsburgh Trade Alliance, one of the largest independent barter companies in North America.
American Economics Association
The Association of Maintenance Professionals
Seasoned Business Professionals
Economists, Lawyers & Technologists
Chris Lindstrom Founding member of Berkshares and author on barter and community currencies. Advisor to E.F. Schumacher Foundation. Sjaak Adriaanse Computer scientist and mathematician. Involved in several community currency projects. Maintains over 400 complimentary currency links. Xi Sun Masters in Economics and Law. Founder of Beijing Barter International. Organizer of the International Forum of Community Economic & Credit Systems. Marc Gauvin Founder of NetPortedItems S.L, creator of the DigitalShadowCaster technology. Serves as DMP Chair of Requirements and on Board of Directors. Lynnea Bylund Founder of Catalyst House. Founder of AdMax. Venture capitalist. Nationally recognized spokeswomen. Chris Cook Former director of the International Petroleum Exchange & originator of the Iranian Oil Bourse Project.
100% of all revenue earned from special events, members functions and trade fairs run by the Regional Office.
100% of all revenue earned from remarketing of import/export items mediated by the Regional Office.
New Ormita members are required to have a “Buying Schedule” completed by a qualified Client Director. 100% of this revenue is kept by the Regional Office for distribution to its Client Directors (commission agents) and internal staff.
Buying Schedule Fees
Every time a member transacts (sells) they are billed a 7% cash transaction fee.
An average member should earns our licensee a minimum of $140 USD per member, per month .
90% of this revenue is kept by the Regional Office for distribution to commission agents (Client Directors – Sales Agents).