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BARTER FOR
YOUR AIRLINE
Turning your airlines empty seats into advertising space
and more...

© Copyright. Ormita Commerce Network Limited
© Copyright 2013 - Ormita Commerce Network
BENEFITS OF BARTER
Recovers Value from Unsold Time and
Space
Time and excess production capacity are
priceless non-recoverable, non-recyclable
limited commodities. Selling these via Ormita
provides a mechanism for businesses to
achieve greater wealth.

Brings New Customers
Ormita brings new customers to a business,
without affecting the existing cash sales already
being generated by the company. This may
result in more “word-of-mouth” referrals, an
increased work-portfolio, more
recommendations, improved organizational
skills, higher visibility and more cash sales.

Improves Cash-flow
There are two ways to increase cash flow –
reduce costs and create additional sales. Ormita
does both! Ormita provides business owners the
opportunity to acquire what they need with what
they have and allows them to preserve their
working capital for other needs.

Creates Wholesale Buying Power
When members purchase using Ormita they
are buying out of the profit margin created from
new sales – not their existing cash income.

Increases a Businesses Asset Base
By adding new customers and additional
revenue, a business can increase its overall
profitability and improve the health of its
balance sheet. Increased income will offset
existing purchases, freeing up cash and
contributing to an overall net-profit for the
business.

Increases Visibility
More customers, a greater number of referrals,
a bigger portfolio, more feedback, better
signage, more promotional activities and new
advertising campaigns funded from additional
sales all contribute to improving a businesses
atmosphere and visibility.
Get more
customers

Build brand
value

Generate referral
sales

Take
customers
away from the
competition

Get first-mover
advantage in
foreign markets

Get a competitive
edge
ADVERTISING
USING BARTER
ormita.com.cy

© Copyright 2013 - Ormita Commerce Network
WHAT SORT OF
ADVERTISING

Radio

?
IS AVAILABLE ON
BARTER

Television

Railway

Bus

Internet

Billboards

Magazine

Newspaper

... and much more ...

ALL TYPES OF MEDIA IN 54
COUNTRIES ON 100%
BARTER
OTHER MEDIA SERVICES ON BARTER
Ormita provides traditional media services, as well as a highly accountable ROI optimisation model that will
maximise sales volume, conversion rates and revenue per order. We also have a full service in house
digital team, and are ahead of the game for digital and social media.
Media Strategy

Media Planning & Buying

Localisation, Translation & Design

Post Analysis & Reporting

We are proud to include a number of diversified services to our clients, over and above our specialised
strategy, implementation planning and buying offering including sponsorship and activation planning and
implementation. We are also able to offer our clients tailored data modelling and analytics, econometrics
and data mining solutions through our international links.
BARTER MEDIA FULFILLMENT
We are committed to:


Building your airlines brand.



Making your airline our business partner
from Strategy to Execution.



Providing your airline a planned sequence
of activities – Not, single unconnected
shots.



Proactive approach to maximise PR
opportunities.



Highly creative approach.



Creating a link with the media.



Dedicated to delivering results and a
Return On Investment (ROI) for your
airline.



Meticulous management of
implementation.



Bringing a pool of talent to every job your
airline gives us.

Barter Media Fulfilment
We critically study every target audience, assign
media consumption to it, and then creatively
media plan, passionately negotiate and buy
media, with the vision to achieve the best return
on investment of clients’ barter agreement. We
have a team of creative people who constantly
deliver the best and we believe that we are in
the business of building customer's business. A
minor concern of the customer is a major
concern for us.
Volume buying earns us deep discounts that are
then passed along to our clients, maximizing
their return on investment. Lower rates enable
you to benefit by improving your overall
budgetary goals, so you increase campaign
awareness and longevity.
OTHER
ESSENTIALS
AVAILABLE ON
BARTER
ormita.com.cy

© Copyright 2013 - Ormita Commerce Network
BARTER FOR IN-FLIGHT NEEDS

Blankets

Ear Phones

Pillows

Refresher Towlettes
BARTER FOR PRINTING

All your printing needs on 100% barter
BARTER FOR DISPLAY ITEMS

Standies

Collapsible Walls

Temporary Desks

Trade Show Displays

Sandwich Boards

Engraved Signs
BARTER FOR CORPORATE CLOTHING

We have uniform and luggage manufacturers in
multiple countries all available on 100% barter
Copy your existing design
or
Create a new design
USE BARTER TO
REWARD YOUR
CUSTOMERS,
AGENTS & STAFF
ormita.com.cy

© Copyright 2013 - Ormita Commerce Network
AIRPOINT GIFTS ON BARTER

Ormita can provide you with a
turn-key airpoints gifts system
for your clients.

Gifts can be delivered to your
clients inclusive of postage
costs.
Your airline can repay in air
tickets.
BARTER FOR PROMOTIONAL ITEMS
Don’t like what
you see? We have
lots more available!!

USB Sticks

Luggage Tags

Key Rings

Travel Safe Kits

Luggage Scales

Stress Balls

Model Planes

Foam Planes

Custom Travel Kits

Let us create a
tailored solution for
you!

Tote Bags

Candy
BARTER FOR HIGH-END CORPORATE GIFTS
Don’t like what
you see? We have
lots more available!!
Let us create a
tailored solution for
you!

Cuff Links

Executive Puzzles

Computer Mice

Solar Charger

Executive Putter Sets
BARTER FOR EXECUTIVE REWARDS
Don’t like what
you see? We have
lots more available!!
Let us create a
tailored solution for
you!

100% Electric Vehicles

International Hotels & Resorts
ANCILLARY
REVENUE
OPTIONS
ormita.com.cy

© Copyright 2013 - Ormita Commerce Network
MORE BARTER OPTIONS TO REPAY
Why advertising on airlines works for barter traders
 Captive Audience – 2 – 18 hours
 Focused attention - no distractions from home life/work
 Reach large demographic of people including business travellers, vacationers, men &
women
 Large advertising space.
 Clients can take some types of ads with them – Cups, Napkins, Boarding Pass Sleeves &
Samples.
 Caters to a wealthy & highly educated demographic with a median wage of $82,822
BOARDING PASS INSERTS
Printing is also available on 100%
barter via Ormita
BACKS OF BOARDING PASSES
Printing is also available on 100%
barter via Ormita
FOOD TRAY LINERS

Printing is also available on 100%
barter via Ormita
CARE COVERS
Printing is also available on 100%
barter via Ormita
Overview
The idea was inspired by public
sanitation fears, which reached a
pitch last fall during the swine flu
scare.
How it works
A regular tray table is covered
with special clear laminating film
that releases silver ions, which
attack bacteria to prevent it from
growing. The ads appear on the
tray table, underneath the film.
What product categories do well
Frequent ad categories include telecommunications, travel,
personal care products, financial services, auto, consumer
electronics and web sites.
Who’s already on airplanes
Recent airline advertisers include Hilton hotels, Tylenol,
Verizon, Apple, FedEx, Sony, Crest, Ford, Microsoft and
American Express.
HEAD REST COVERS
Printing is also available on 100%
barter via Ormita
IN-FLIGHT ENTERTAINMENT
REFRESHER TOWLETTES
Towlettes and printing is also
available on 100% barter via
Ormita
OTHER IDEAS
Following are some other methods of monetising
space on board the aircraft:
















Airsick bag printing
Beverage cart side stickers
Cocktail napkin printing
Check in counter display advertising
Seatback inserts
Branded snack bags
Coupons inside boxed meals
Overhead bin advertising
In-flight announcements and give-aways
Lavatory door stickers
Beverage cup printing
Amenity kit handouts
Email advertising (reservation confirmations, boarding
passes, email destination guides, frequent flier
programme member emails, email lists)
Online confirmation banners
THE BARTER
PROCESS
ormita.com.cy

© Copyright 2013 - Ormita Commerce Network
ORMITA IS MULTI-BARTER
DIRECT BARTER

ORMITA BARTER
THE ROLE OF ORMITA
The Ormita barter exchange platform serves several functions:
 Allows access to our closed network of more than 220,000 business barter traders
 Provides a multi-lateral matching system of wants and needs
 Helps source new customers
 Gives each business an international platform to sell their product and source new supplies
 Promotes existing participants (nationally and globally) through blind matching
 Acts as a third-party to mediate between delivery of goods and services for the best price
 Finds alternative (non-cash) suppliers for you to make purchases from
 Records the values of transactions
 Issues account statements to show the transactions
Ormita brings new customers
 These customers do not replace existing cash customers
 Customers are those who would otherwise not purchase from you using cash
 These customers generate new revenue
Ormita provides each member with an account which:
 Offers access to interest-free lines of credit
 Records the value of every purchase or sale
 Issues account statements
 Allows 24x7 online access
Ormita provides a new revenue stream for your airline.
We provide a new way to pay for things you need.
SELLING ON BARTER

$3,000
$2,000

When you sell, your Ormita barter account is
credited for the value of the sale – just as if it had
been sold for cash

$1,000

$0

-$1,000
-$2,000

Prices are the same as if you are using cash


-$3,000



If something is usually priced at €1 cash then it will
be priced as €1 barter
The software calculates exchange rates between
customers in different countries
BUYING ON BARTER

$3,000
$2,000
$1,000

$0

-$1,000
-$2,000
-$3,000

When you buy, your Ormita barter
account account is debited
EXAMPLE TRANSACTION
EXAMPLE TRADE (You wish to buy €10,000 of media)

1.

2.

You purchase €10,000 of advertising on barter
using Ormita.
Your account is debited €10,000 barter
The media companies account is credited €10,000
barter
Instead of paying cash, you now owe the Ormita
network €10,000 of your airline tickets.

€10,000

+
€10,000
-€8,000

3.

The media company buys €8,000 of corporate gifts
from someone else in the network.

4.

The corporate gift company spends that €8000
credit back with you.

The process is simple and every time you make a purchase you are
guaranteed a matching sale from another member of the network.

+€8,000
ONLINE ACCOUNT STATEMENTS

You are provided with access
to online account statements
and can create sub-user
accounts for other staff in your
organisation as you require.
STARTING THE BARTER PROCESS
Get All Relevant Stakeholders Involved on Day 1
Getting buy-in from everyone involved in the process is key. This means talking to colleagues in
procurement and sales to decide which products or services can be used to support future media
campaigns. If you have a media procurement or design division then they also need to be involved
early on.

Understand your business environment
This should go without saying, but as advertising impact is affected by lots of other factors, timing
is crucial. Aligning advertising and promotional activity will trigger multiplier effects, while stronger
seasonal leverage might be offset by adverse competitive campaigns.

Collaborate and set goals
Together with Ormita and our partners, you will be asked to review marketing objectives, media
plans and other operating goals to determine the most suitable types of media in each location for
its target market. It is during this process that Ormita will begin to develop a customised media plan
suitable for your objectives.
Ormita will also work with you to identify several approved sales channels for your airline tickets, so
as to not interfere with your existing cash client base.
The rest of process of planning and buying media remains the same as it would do without barter.
STARTING THE BARTER PROCESS
Sell Airline Ticket Credits
Once a mutually beneficial agreement has been
reached, Ormita buy a certain value of Meridiana
airline tickets in an agreed pricing structure.
Ormita may require a “barter agency of record” letter
at this stage. This is to confirm that it owns credit with
Meridiana and may sell this credit on.

Utilise Trade Credits
In accordance with the programme developed
together, Meridiana utilises its trade credits to
purchase media, hotel reservations, printing,
corporate gifts etc through Ormita.

Verify Performance
Ormita establishes mutually agreed upon metrics and
benchmarks, then carefully measures their
performance against those standards. We reconcile
invoices against orders, provide proof of performance,
and guarantee the media delivery in accordance with
market standards.
ABOUT ORMITA

ormita.com.cy

© Copyright 2013 - Ormita Commerce Network
COMPANY SNAPSHOT







Founded in 2001 as a financial services software provider
Currently the world's largest non-cash (barter) trade house - based on annualised figures as of
Dec, 31 2012 (also recognised as such by UK and French Governments)
Operations across 21 countries (2012)
Expanding to 23 countries (2013)
Customers in 54 countries
More than $3.4 billion USD in barter trades

INTERNATIONAL MARKET
EXPANSION

MARKET SEGMENTS BY VOLUME
Hospitality
4%

Other
9%

Government
32%

Mining
6%

30
25
20

Media
8%

15
10
5
0
2007

2008

2009

2010

2011

2012

2013

Manufacturing
41%
GLOBAL TRADE VOLUME

3500
3000
2500
2000
1500
1000
500
0
2007

2008

2009

2010

2011
OPERATING TO BANK STANDARDS

STANDARDISED SYSTEMS
Ormita provides a uniform system of
operation, so that consumers receive
uniform quality; efficiently and costeffectively.
Ormita provides management
assistance, including accounting
procedures, personnel and facility
management.
The Company has credit control, IT,
staff and risk management
procedures similar to those used in
the standard financial services
industry.
PAST, CURRENT & PROSPECTIVE CLIENTS
AN INTERNATIONAL PRESENCE

Aust r al i a
Canada
中国
Suom
i
Deut schl and
香港
I ndi a
I sr ael
I t al i a
M ta
al

OFFICES IN

21
COUNTRIES

M i co
éx
New Zeal and
‫پاکستان‬
Rom
âni a
Si ngapor e
대한민국
Sver i ge
Tür k i ye
UAE
USA
Zam a
bi
OFFICE LOCATIONS

• Netherlands
• Belgium
• Ukraine
• Austria

Legend
● Own Offices
● Agents / Affiliates

• Portugal
• Spain

• Hungary

• Bulgaria
OFFICE LOCATIONS

• Vietnam
• Philippines
• Malaysia

Legend
● Own Offices
● Agents / Affiliates
OFFICE LOCATIONS

• Turkey

• Venezuela

• South Africa
Legend
● Own Offices
● Agents / Affiliates

• Brazil
IT INFRASTRUCTURE

Ormita owns fully
reundant servers
hosted in 7
countries on 3
different
continents.
ORMITA STAFF AROUND THE WORLD
OFFICIAL VIEWS

ormita.com.cy

© Copyright 2013 - Ormita Commerce Network
FRANCE

“

Multi barter is experiencing a revival
over the last twenty years, a renewal
accelerated with the development of
the Internet and electronic business
platforms.

”

"Potentiel et perspectives de développement des plates-formes d’échanges interentreprises"
Report of the French Ministry of Finance, January 2013
Download Link: www.barterexchangelibrary.com/BARTER1.pdf
ITALY

“

Companies that use multilateral
barter networks, such as the WIR or
Ormita, as an additive function to
their existing sales strategies and
inventory management processes
reap its benefits, thereby
maximizing cash flows.

”

“International Trade Flows Facing the Global Credit Crunch: The Multilateral Barter Trade System”
Report of the Univeristy of Turin, August 2012
Download Link: http://www.ormitamediakit.com/pdf/turin.pdf
OIC

“

Barter is viewed as a
potential means of enhancing
trade and promoting
economic cooperation.

”

"Countertrade: Policies and Practices in OIC Member Countries“
Islamic Development Bank, Seminar Proceedings No. 24, 2002
Download Link: http://www.irtipms.org/OpenSave.asp?pub=12.pdf
SWEDEN

“

In situations where tourism businesses need to
save money there is the possibility to
exchange their surplus for needed goods and
services - like marketing - and thereby gain
leverage in purchasing power. The gross
margin becomes a form of discount on
purchases when bartering that makes less
cash needed for operating the company.

“Commercial Barter and Local Currencies in The Context of Tourism”
Karlstad Business School, Sweden, June 2012
Download Link: http://www.ormitamediakit.com/pdf/study_on_barter_and_tourism.pdf

”
UK

“

Business people find that using
capacity to source needed goods and
services is an attractive alternative
proposition to conventional sales and
credit if it can increase sales, ease
cash flow or reduce reliance on
conventional credit.

”

“Capacity Trade and Credit: Emerging Architectures for Commerce and Money”
Report of the City of London, UKTI & Economic & Social Research Council
Download Link: http://www.cityoflondon.gov.uk/business/economic-research-and-information/researchpublications/Documents/research-2011/Capacity%20Trade%20and%20Credit_Full%20Report_Web.pdf
PRESS COVERAGE

ormita.com.cy

© Copyright 2013 - Ormita Commerce Network
THANK YOU!
Ormita Cyprus Ltd
Alexandrou Business Centre
Omirou 76, Limassol 3096
Cyprus
Telephone: +357 25 025092
Fax: +357 25 030625
Web: www.ormita.com.cy
Email: info@ormita.com.cy
ormita.com.cy

© Copyright 2013 - Ormita Commerce Network

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Barter for airlines (nx power lite) 5

  • 1. BARTER FOR YOUR AIRLINE Turning your airlines empty seats into advertising space and more... © Copyright. Ormita Commerce Network Limited © Copyright 2013 - Ormita Commerce Network
  • 2. BENEFITS OF BARTER Recovers Value from Unsold Time and Space Time and excess production capacity are priceless non-recoverable, non-recyclable limited commodities. Selling these via Ormita provides a mechanism for businesses to achieve greater wealth. Brings New Customers Ormita brings new customers to a business, without affecting the existing cash sales already being generated by the company. This may result in more “word-of-mouth” referrals, an increased work-portfolio, more recommendations, improved organizational skills, higher visibility and more cash sales. Improves Cash-flow There are two ways to increase cash flow – reduce costs and create additional sales. Ormita does both! Ormita provides business owners the opportunity to acquire what they need with what they have and allows them to preserve their working capital for other needs. Creates Wholesale Buying Power When members purchase using Ormita they are buying out of the profit margin created from new sales – not their existing cash income. Increases a Businesses Asset Base By adding new customers and additional revenue, a business can increase its overall profitability and improve the health of its balance sheet. Increased income will offset existing purchases, freeing up cash and contributing to an overall net-profit for the business. Increases Visibility More customers, a greater number of referrals, a bigger portfolio, more feedback, better signage, more promotional activities and new advertising campaigns funded from additional sales all contribute to improving a businesses atmosphere and visibility.
  • 3. Get more customers Build brand value Generate referral sales Take customers away from the competition Get first-mover advantage in foreign markets Get a competitive edge
  • 5. WHAT SORT OF ADVERTISING Radio ? IS AVAILABLE ON BARTER Television Railway Bus Internet Billboards Magazine Newspaper ... and much more ... ALL TYPES OF MEDIA IN 54 COUNTRIES ON 100% BARTER
  • 6. OTHER MEDIA SERVICES ON BARTER Ormita provides traditional media services, as well as a highly accountable ROI optimisation model that will maximise sales volume, conversion rates and revenue per order. We also have a full service in house digital team, and are ahead of the game for digital and social media. Media Strategy Media Planning & Buying Localisation, Translation & Design Post Analysis & Reporting We are proud to include a number of diversified services to our clients, over and above our specialised strategy, implementation planning and buying offering including sponsorship and activation planning and implementation. We are also able to offer our clients tailored data modelling and analytics, econometrics and data mining solutions through our international links.
  • 7. BARTER MEDIA FULFILLMENT We are committed to:  Building your airlines brand.  Making your airline our business partner from Strategy to Execution.  Providing your airline a planned sequence of activities – Not, single unconnected shots.  Proactive approach to maximise PR opportunities.  Highly creative approach.  Creating a link with the media.  Dedicated to delivering results and a Return On Investment (ROI) for your airline.  Meticulous management of implementation.  Bringing a pool of talent to every job your airline gives us. Barter Media Fulfilment We critically study every target audience, assign media consumption to it, and then creatively media plan, passionately negotiate and buy media, with the vision to achieve the best return on investment of clients’ barter agreement. We have a team of creative people who constantly deliver the best and we believe that we are in the business of building customer's business. A minor concern of the customer is a major concern for us. Volume buying earns us deep discounts that are then passed along to our clients, maximizing their return on investment. Lower rates enable you to benefit by improving your overall budgetary goals, so you increase campaign awareness and longevity.
  • 9. BARTER FOR IN-FLIGHT NEEDS Blankets Ear Phones Pillows Refresher Towlettes
  • 10. BARTER FOR PRINTING All your printing needs on 100% barter
  • 11. BARTER FOR DISPLAY ITEMS Standies Collapsible Walls Temporary Desks Trade Show Displays Sandwich Boards Engraved Signs
  • 12. BARTER FOR CORPORATE CLOTHING We have uniform and luggage manufacturers in multiple countries all available on 100% barter Copy your existing design or Create a new design
  • 13. USE BARTER TO REWARD YOUR CUSTOMERS, AGENTS & STAFF ormita.com.cy © Copyright 2013 - Ormita Commerce Network
  • 14. AIRPOINT GIFTS ON BARTER Ormita can provide you with a turn-key airpoints gifts system for your clients. Gifts can be delivered to your clients inclusive of postage costs. Your airline can repay in air tickets.
  • 15. BARTER FOR PROMOTIONAL ITEMS Don’t like what you see? We have lots more available!! USB Sticks Luggage Tags Key Rings Travel Safe Kits Luggage Scales Stress Balls Model Planes Foam Planes Custom Travel Kits Let us create a tailored solution for you! Tote Bags Candy
  • 16. BARTER FOR HIGH-END CORPORATE GIFTS Don’t like what you see? We have lots more available!! Let us create a tailored solution for you! Cuff Links Executive Puzzles Computer Mice Solar Charger Executive Putter Sets
  • 17. BARTER FOR EXECUTIVE REWARDS Don’t like what you see? We have lots more available!! Let us create a tailored solution for you! 100% Electric Vehicles International Hotels & Resorts
  • 19. MORE BARTER OPTIONS TO REPAY Why advertising on airlines works for barter traders  Captive Audience – 2 – 18 hours  Focused attention - no distractions from home life/work  Reach large demographic of people including business travellers, vacationers, men & women  Large advertising space.  Clients can take some types of ads with them – Cups, Napkins, Boarding Pass Sleeves & Samples.  Caters to a wealthy & highly educated demographic with a median wage of $82,822
  • 20. BOARDING PASS INSERTS Printing is also available on 100% barter via Ormita
  • 21. BACKS OF BOARDING PASSES Printing is also available on 100% barter via Ormita
  • 22. FOOD TRAY LINERS Printing is also available on 100% barter via Ormita
  • 23. CARE COVERS Printing is also available on 100% barter via Ormita Overview The idea was inspired by public sanitation fears, which reached a pitch last fall during the swine flu scare. How it works A regular tray table is covered with special clear laminating film that releases silver ions, which attack bacteria to prevent it from growing. The ads appear on the tray table, underneath the film. What product categories do well Frequent ad categories include telecommunications, travel, personal care products, financial services, auto, consumer electronics and web sites. Who’s already on airplanes Recent airline advertisers include Hilton hotels, Tylenol, Verizon, Apple, FedEx, Sony, Crest, Ford, Microsoft and American Express.
  • 24. HEAD REST COVERS Printing is also available on 100% barter via Ormita
  • 26. REFRESHER TOWLETTES Towlettes and printing is also available on 100% barter via Ormita
  • 27. OTHER IDEAS Following are some other methods of monetising space on board the aircraft:               Airsick bag printing Beverage cart side stickers Cocktail napkin printing Check in counter display advertising Seatback inserts Branded snack bags Coupons inside boxed meals Overhead bin advertising In-flight announcements and give-aways Lavatory door stickers Beverage cup printing Amenity kit handouts Email advertising (reservation confirmations, boarding passes, email destination guides, frequent flier programme member emails, email lists) Online confirmation banners
  • 28. THE BARTER PROCESS ormita.com.cy © Copyright 2013 - Ormita Commerce Network
  • 29. ORMITA IS MULTI-BARTER DIRECT BARTER ORMITA BARTER
  • 30. THE ROLE OF ORMITA The Ormita barter exchange platform serves several functions:  Allows access to our closed network of more than 220,000 business barter traders  Provides a multi-lateral matching system of wants and needs  Helps source new customers  Gives each business an international platform to sell their product and source new supplies  Promotes existing participants (nationally and globally) through blind matching  Acts as a third-party to mediate between delivery of goods and services for the best price  Finds alternative (non-cash) suppliers for you to make purchases from  Records the values of transactions  Issues account statements to show the transactions Ormita brings new customers  These customers do not replace existing cash customers  Customers are those who would otherwise not purchase from you using cash  These customers generate new revenue Ormita provides each member with an account which:  Offers access to interest-free lines of credit  Records the value of every purchase or sale  Issues account statements  Allows 24x7 online access Ormita provides a new revenue stream for your airline. We provide a new way to pay for things you need.
  • 31. SELLING ON BARTER $3,000 $2,000 When you sell, your Ormita barter account is credited for the value of the sale – just as if it had been sold for cash $1,000 $0 -$1,000 -$2,000 Prices are the same as if you are using cash  -$3,000  If something is usually priced at €1 cash then it will be priced as €1 barter The software calculates exchange rates between customers in different countries
  • 32. BUYING ON BARTER $3,000 $2,000 $1,000 $0 -$1,000 -$2,000 -$3,000 When you buy, your Ormita barter account account is debited
  • 33. EXAMPLE TRANSACTION EXAMPLE TRADE (You wish to buy €10,000 of media) 1. 2. You purchase €10,000 of advertising on barter using Ormita. Your account is debited €10,000 barter The media companies account is credited €10,000 barter Instead of paying cash, you now owe the Ormita network €10,000 of your airline tickets. €10,000 + €10,000 -€8,000 3. The media company buys €8,000 of corporate gifts from someone else in the network. 4. The corporate gift company spends that €8000 credit back with you. The process is simple and every time you make a purchase you are guaranteed a matching sale from another member of the network. +€8,000
  • 34. ONLINE ACCOUNT STATEMENTS You are provided with access to online account statements and can create sub-user accounts for other staff in your organisation as you require.
  • 35. STARTING THE BARTER PROCESS Get All Relevant Stakeholders Involved on Day 1 Getting buy-in from everyone involved in the process is key. This means talking to colleagues in procurement and sales to decide which products or services can be used to support future media campaigns. If you have a media procurement or design division then they also need to be involved early on. Understand your business environment This should go without saying, but as advertising impact is affected by lots of other factors, timing is crucial. Aligning advertising and promotional activity will trigger multiplier effects, while stronger seasonal leverage might be offset by adverse competitive campaigns. Collaborate and set goals Together with Ormita and our partners, you will be asked to review marketing objectives, media plans and other operating goals to determine the most suitable types of media in each location for its target market. It is during this process that Ormita will begin to develop a customised media plan suitable for your objectives. Ormita will also work with you to identify several approved sales channels for your airline tickets, so as to not interfere with your existing cash client base. The rest of process of planning and buying media remains the same as it would do without barter.
  • 36. STARTING THE BARTER PROCESS Sell Airline Ticket Credits Once a mutually beneficial agreement has been reached, Ormita buy a certain value of Meridiana airline tickets in an agreed pricing structure. Ormita may require a “barter agency of record” letter at this stage. This is to confirm that it owns credit with Meridiana and may sell this credit on. Utilise Trade Credits In accordance with the programme developed together, Meridiana utilises its trade credits to purchase media, hotel reservations, printing, corporate gifts etc through Ormita. Verify Performance Ormita establishes mutually agreed upon metrics and benchmarks, then carefully measures their performance against those standards. We reconcile invoices against orders, provide proof of performance, and guarantee the media delivery in accordance with market standards.
  • 37. ABOUT ORMITA ormita.com.cy © Copyright 2013 - Ormita Commerce Network
  • 38. COMPANY SNAPSHOT       Founded in 2001 as a financial services software provider Currently the world's largest non-cash (barter) trade house - based on annualised figures as of Dec, 31 2012 (also recognised as such by UK and French Governments) Operations across 21 countries (2012) Expanding to 23 countries (2013) Customers in 54 countries More than $3.4 billion USD in barter trades INTERNATIONAL MARKET EXPANSION MARKET SEGMENTS BY VOLUME Hospitality 4% Other 9% Government 32% Mining 6% 30 25 20 Media 8% 15 10 5 0 2007 2008 2009 2010 2011 2012 2013 Manufacturing 41%
  • 40. OPERATING TO BANK STANDARDS STANDARDISED SYSTEMS Ormita provides a uniform system of operation, so that consumers receive uniform quality; efficiently and costeffectively. Ormita provides management assistance, including accounting procedures, personnel and facility management. The Company has credit control, IT, staff and risk management procedures similar to those used in the standard financial services industry.
  • 41. PAST, CURRENT & PROSPECTIVE CLIENTS
  • 42. AN INTERNATIONAL PRESENCE Aust r al i a Canada 中国 Suom i Deut schl and 香港 I ndi a I sr ael I t al i a M ta al OFFICES IN 21 COUNTRIES M i co éx New Zeal and ‫پاکستان‬ Rom âni a Si ngapor e 대한민국 Sver i ge Tür k i ye UAE USA Zam a bi
  • 43. OFFICE LOCATIONS • Netherlands • Belgium • Ukraine • Austria Legend ● Own Offices ● Agents / Affiliates • Portugal • Spain • Hungary • Bulgaria
  • 44. OFFICE LOCATIONS • Vietnam • Philippines • Malaysia Legend ● Own Offices ● Agents / Affiliates
  • 45. OFFICE LOCATIONS • Turkey • Venezuela • South Africa Legend ● Own Offices ● Agents / Affiliates • Brazil
  • 46. IT INFRASTRUCTURE Ormita owns fully reundant servers hosted in 7 countries on 3 different continents.
  • 47. ORMITA STAFF AROUND THE WORLD
  • 48. OFFICIAL VIEWS ormita.com.cy © Copyright 2013 - Ormita Commerce Network
  • 49. FRANCE “ Multi barter is experiencing a revival over the last twenty years, a renewal accelerated with the development of the Internet and electronic business platforms. ” "Potentiel et perspectives de développement des plates-formes d’échanges interentreprises" Report of the French Ministry of Finance, January 2013 Download Link: www.barterexchangelibrary.com/BARTER1.pdf
  • 50. ITALY “ Companies that use multilateral barter networks, such as the WIR or Ormita, as an additive function to their existing sales strategies and inventory management processes reap its benefits, thereby maximizing cash flows. ” “International Trade Flows Facing the Global Credit Crunch: The Multilateral Barter Trade System” Report of the Univeristy of Turin, August 2012 Download Link: http://www.ormitamediakit.com/pdf/turin.pdf
  • 51. OIC “ Barter is viewed as a potential means of enhancing trade and promoting economic cooperation. ” "Countertrade: Policies and Practices in OIC Member Countries“ Islamic Development Bank, Seminar Proceedings No. 24, 2002 Download Link: http://www.irtipms.org/OpenSave.asp?pub=12.pdf
  • 52. SWEDEN “ In situations where tourism businesses need to save money there is the possibility to exchange their surplus for needed goods and services - like marketing - and thereby gain leverage in purchasing power. The gross margin becomes a form of discount on purchases when bartering that makes less cash needed for operating the company. “Commercial Barter and Local Currencies in The Context of Tourism” Karlstad Business School, Sweden, June 2012 Download Link: http://www.ormitamediakit.com/pdf/study_on_barter_and_tourism.pdf ”
  • 53. UK “ Business people find that using capacity to source needed goods and services is an attractive alternative proposition to conventional sales and credit if it can increase sales, ease cash flow or reduce reliance on conventional credit. ” “Capacity Trade and Credit: Emerging Architectures for Commerce and Money” Report of the City of London, UKTI & Economic & Social Research Council Download Link: http://www.cityoflondon.gov.uk/business/economic-research-and-information/researchpublications/Documents/research-2011/Capacity%20Trade%20and%20Credit_Full%20Report_Web.pdf
  • 54. PRESS COVERAGE ormita.com.cy © Copyright 2013 - Ormita Commerce Network
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  • 70. THANK YOU! Ormita Cyprus Ltd Alexandrou Business Centre Omirou 76, Limassol 3096 Cyprus Telephone: +357 25 025092 Fax: +357 25 030625 Web: www.ormita.com.cy Email: info@ormita.com.cy ormita.com.cy © Copyright 2013 - Ormita Commerce Network