The Ormita Difference
Ormita Against the Competition
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| Bartercard
| BBX
| IMS
| ITEX
| Ormita |
| Total transaction charge |
12.5% |
12.5% |
12% |
14% |
7% |
| Charges monthly fees |
Yes |
Yes |
Yes |
Yes |
No |
| Members commit to guaranteed buy schedule |
No |
No |
No |
No |
Yes |
| Brokering hours (by real humans) |
9-5 |
9-5 |
9-5 |
9-5 |
24 hours |
| Brokering days (by real humans) |
Mon - Fri |
Mon - Fri |
Mon - Fri |
Mon – Fri |
7 days / week |
| Printed membership directory |
Bi-Annually |
Annually |
Never |
Never |
Every 3 months |
| Email newsletters |
Weekly |
Fortnightly |
Weekly |
Weekly |
Daily |
| Fax newsletters |
Weekly |
Monthly |
No |
No |
Weekly |
| Printed newsletter |
Monthly |
Quarterly |
No |
No |
Monthly |
| SMS/Text broadcast of latest offers |
No |
No |
No |
No |
Yes |
| Local networking meetings |
Yes |
Yes |
No |
No |
Yes |
| Online statements |
Yes |
Yes |
Yes |
Yes |
Yes |
| Buy and sell online |
No |
No |
No |
No |
Yes |
| Online quoting and acceptance |
No |
No |
No |
No |
Yes |
| Online funds transfer |
Yes |
Yes |
No |
No |
Yes |
| Pay anyone |
No |
No |
No |
No |
Yes |
| Email alerts of transactions |
No |
No |
No |
No |
Yes |
Comparison Notes
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This comparison is done using the most accurate information at hand. If you are aware of any corrections needing to be made please email us.
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Comparisons against Bartercard appearing above are taken against the last-known Bartercard USA operations.
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It should be noted that operating hours, SMS capabilities and number of times per annum that a directory are printed appear to be minorly different for Bartercard Australia from the above [8:30am – 5:30pm, SMS broadcasting capable and a directory printed three times per year].
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Ormita International notes the statement purportedly made by Wayne Sharp in the Bartercard PLC Interim Results for the six months ending 30 September 2005 as follows:
“The Company also has the ability to spend trade dollars with no obligations to the exchange. The Company has historically spent more trade dollars than it has earned.”
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On the 11th February 2010, Ormita International, via its licensees in Australia, has requested a clarification from Bartercard International and Bartercard Australia with regards to their respective views and positions on spending barter dollars in excess of those earned. The questions posed [paraphrased] was as follows:
Has Bartercard Australia Pty Ltd, or Bartercard International Pty Ltd, currently, or ever, been:
a. accruing trade(barter) dollar deficits; and
b. failing to repay any such deficits at a speed greater than which they are accruing.
The sole response from Bartercard Australia Pty Ltd, in a letter received on 12th February 2010 states that:
"Bartercard Australia has no obligation and will not provide to Ormita proprietary information concerning its operations."
Participants of the Bartercard Australia network are advised to make up their own minds with regards to the above.
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Ormita International and its licensees do not condone spending barter dollars in excess of those earned.
The website "economywatch.com" states that:
“There is a general agreement amongst economists that economic inflation may be caused by either an increase in the money supply or a decrease in the quantity of goods being supplied. The proponents of the Demand Pull theory attribute a rise in prices to an increase in demand in excess of the supplies available. An increase in the quantity of money in circulation relative to the ability of the economy to supply leads to increased demand, thereby fuelling prices. The case is of too much money chasing too few goods.
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If you would like to find out more about the causes of inflation please see the following website links:
http://www.economywatch.com/inflation/causes.html
http://www.mysmp.com/bonds/inflation.html
http://en.wikipedia.org/wiki/Inflation
http://fpc.state.gov/documents/organization/110393.pdf
http://www.eric.ed.gov/ERICWebPortal/custom/portlets/recordDetails/detailmini.jsp?_nfpb=true&_&ERICExtSearch_SearchValue_0=ED258864&ERICExtSearch_SearchType_0=no&accno=ED258864
http://www.ofm.wa.gov/economy/econtopics/inflation/default.asp
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