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Questions and
Answers
Q. Who
is OrangeBee Private Monetary SystemTM, Inc.?
A. What is now
OrangeBee Private Monetary SystemTM, Inc., (OBM) was founded in 1989, by
James E “Buddy” Hooper who is our President & CEO.
Q. Is
OrangeBee Private Monetary SystemTM, Inc. Legal?
OrangeBee Private Monetary SystemTM, Incorporated, ©™ a
FLORIDA CORPORATION. In 1982, the United States Congress enacted
the Tax Equity and Fiscal Responsibility Act (TEFRA Act),
OrangeBee Private Monetary SystemTM, Inc. (OBM) operates under the
provision of this Act. For Tax purposes, and by signing below
Account agrees
OrangeBeeTM
Dollars is taxable in the year it is earned and reported to the
IRS just as bank interest and income are reported.
OrangeBeeTM
recommends Account seek advice from Tax Experts.
OrangeBeeTM
Dollars is not Legal Tender as defined by the US Congress.
OrangeBeeTM Accounts account is not
insured by the Federal Deposit Insurance Corporation (FDIC) or
any other such governmental or quasi-governmental agency.
Q. What
is OBMTM Cash?
A. OBMTM cash is obtained from the OBMTM office just as you obtain
cash from your bank. It is issued in $5, $10, $20, $50, and $100
denominations and is used like cash with many OBMTM Accounts,
restaurants, etc. No change is given, and tax and tips, where
applicable, is paid in cash, and it is not legal tender.
Q. Cash
is king, why accept OBMTM?
A. Cash is not king, purchasing power is king. You will have
more purchasing power if you accept OBMTM. Preservation of capital
is fundamental to good business practice. That is exactly why
you should use every means possible to avoid spending it. OBMTM is
an excellent way to offset cash expenses. OBMTM cost less than
cash, but can obtain the same value.
Q. I
need more cash. How does this help me get more?
A. When you make a purchase with OBMTM, you are paying for it with
additional business. This cash stays in your business. You will
always have more cash if you accept OBMTM, not less.
Q. Will
I get paid Cash for these Sales?
A. What we refer to as cash is really just a medium of exchange,
the U. S. Dollar. There are many mediums of exchange: the
Mexican Peso, Russian Rubble, Japanese Yen, etc. These new sales
will be paid for with OBMTM and will be deposited in your OBMTM bank
account, from which you can draw, and spend just as you do with
your cash bank account. As with the other mediums of exchange,
you must spend them with someone that accepts that medium of
exchange.
Q. Will
I pay more with OBMTM?
A. We do not negotiate the prices you pay, but it is our policy
that sales are at regular cash prices. Spend your OBMTM in the
same manner that you spend your cash. If you do not feel it is a
good deal, do not make the purchase.
Q. What
about part cash, part OBMTM?
A. In some instances, on very large dollar sales the seller may
negotiate part cash. The more OBMTM you will accept, the more
sales you will receive.
Q. Can I
make personal purchases?
A. Absolutely! And any time you buy with OBMTM, you do not spend
your hard-earned cash, be it business or personal.
Q. Who
else can use my OBMTM account?
A. Your OBMTM account is just like your cash account. You can let
anyone use it that you want.
Q. Can I
pay my Employees with OBMTM?
A. Why not, OBMTM is a wonderful way to pay employees, be it
salary, commissions, bonuses, etc. They can use them for many of
their needs for which they are paying cash. OBMTM can be a great
incentive and morale builder, at a very small cost to you. Any
questions about taxes, you should consult with your accountant.
Q. Can I
pay cash debts with OBMTM?
A. Yes, it is often possible to negotiate cash debt payments in
OBM.
Q. Can I
make charitable donations with OBMTM?
A. Yes you can and your tax deductions are the same as cash. The
charitable organization can purchase some of their needs from
Accounts of OBMTM with the OBMTM that you donated. Any questions
about taxes, you should consult with your accountant.
Q. Where
are your Accounts located? A. We have accounts in Bangladesh, Scotland, Canada, and from Maryland to California and from Michigan to Texas, and of course Florida, ready to accept your OBM.
Q. What
if I do not want all the other OBMTM Accounts to know that I am an
Account?
A. You may choose not to be promoted visibly for a variety of
reasons. We can provide confidentiality if you wish.
Q. What
about my present customers?
A. OBMTM will not convert your cash sales to OBMTM sales. You will
not get our OBMTM Account purchases unless you are an Account of
OBM.
Q. When
can I start selling on OBMTM?
A. In most cases, you can start as soon as your application has
been approved.
Q. How
much must I sell on OBMTM?
A. You are the one who determines how much OBMTM you will accept
in any given period. If you wish, you can go “On Hold” and stop
selling on OBMTM in accordance with OBMTM’s rules and regulations.
Q. Are
high demand products available on OBMTM?
A. There are some items that are in high demand and with a low
profit margin for the seller that may not be available on
OrangeBee. When you make a purchase of other items on OBMTM, the
cash you save can be used to purchase these items.
Q. What
kinds of things are available?
A. You can buy thousands of different products, goods and
services, on a continually changing and expanding basis. You
should always anticipate your purchases as far ahead as
possible, check the web site, and if not found, call your OBMTM
broker before spending cash on anything.
Q. Can I
obtain a line of credit with OBMTM?
A. Yes, we can extend credit. A credit application must be
completed and approved. We charge 1-percent interest (OBM) per
month on the unpaid balance. When OBMTM extends a loan to you, we
must send you new customers that will buy from your business
enabling you to pay us back.
Q. What
about taxes?
A. OBMTM sales are taxable income. They are treated just as cash
sales. OBMTM will report all sales to the IRS at year’s end and
furnish you this information on IRS Form 1099B. As with any
questions concerning taxes, you should check with your
accountant.
Q. May I
buy advertising with OBMTM?
A. This is a very efficient way to use your OBMTM to increase your
cash business. Spending OBMTM for advertising reduces your cost
and increases its effectiveness. We have many options available
for local, national and international advertising. Media
available include: magazines, newspapers, radio, television,
direct mail, etc.
Q. What
if you have nothing I need?
A. We have assembled an ever
increasing and diversified list of businesses. Our Accounts find
many goods and services they can now obtain with OBMTM, for which
they normally would have to pay cash. However, there may be
specific items or services we will not have at a specific time.
All contents Copyright © 1988 - 2007 and all rights reserved by OrangeBee Private Monetary SystemTM, Inc. |
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All contents Copyright © 1988 -
2008 and all rights reserved by
OrangeBee Private Monetary SystemTM, Inc
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