NEW YORK, NY--(Marketwired - Apr 27, 2015) - World Moto, Inc. (OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY) ("World Moto" or the "Company") today announced that it has initiated activities to expand the Yes™ service to the entire Bangkok metropolitan area.
The Company is currently operating its Yes™ services in the Wattana district of downtown Bangkok, a 6 square kilometer area that is home to nearly 100,000 residents. Over the past 8 weeks, the company has added nearly 200 new products to its offering, and has continued to optimize the quality and responsiveness of its service in the district. Today, World Moto has begun an intensive campaign to establish Yes™ service points across the entire 1500 square kilometer region of Greater Bangkok. The expansion operation will include a concentrated drive to institute Yes™ stations, agents and couriers throughout the city using both general marketing tactics and personalized recruitment. As new Yes™ agents are brought online, the Yes™ service area will be expanded to provide its unprecedented 9 minute delivery to all of Bangkok's approximately 14 million inhabitants. Once this infrastructure is fully established, the Company will begin partnering with additional retail chains, restaurants and other businesses that wish to offer the fastest delivery to their customers.
In addition to basic economies of scale, a wider coverage area will allow the Company to employ supplemental marketing channels that cover the entire city, such as regional broadcast stations and print media. The Company will also continue using its Wheelies™ products to promote the Yes™ brand to customers and businesses, including on street activities and public displays in malls and shopping centers across the city.
Yes™ represents a new freedom for Bangkok's busy inhabitants, and when combined with the Company's rapid Android ordering platform that offers complete application startup to checkout in as little as 15 seconds, the Company believes it is the only service today that can offer a new lifestyle, from conceptualization of a need to physical fulfillment, in under 10 minutes.
The following Yes™ video demonstrates a delivery of multiple items to a security controlled high rise apartment in 9 minutes 42 seconds: https://www.youtube.com/watch?v=X_g-Ka7dqG0
The Yes™ app is available for download on Google Play by users in Thailand (direct link at: www.yes.world). The Company has also made the Yes™ app available to all users via the Company's Facebook page at www.facebook.com/worldmoto
World Moto Changing the way the world goes around™
World Moto is the inventor of the Moto-Meter™, Wheelies™, and Yes™.
Products/Services:
The Moto-Meter™ is a landmark device that CNN, Newsweek, Wired, Moneylife, among others, are calling "the world's first motorcycle taxi meter" and "world's first portable taxi meter" and "first-ever black box for motorcycles," while the Times named it "one of the most significant innovations of this decade" and Fast Company declared it "The First Real Taxi Meter Innovation in 100 Years... a $3 billion dollar idea."
Wheelies™ display static and streaming media on the wheels of motorcycles and automobiles, providing a unique and beautiful new mobile medium for advertising, broadcasting, self expression and publishing. According to Fast Company, Wheelies™ "invents a new kind of screen -- and one that's potentially ubiquitous... It's best seen to be believed."
Yes™ 9 Minute Delivery - Popular food, snacks, beverages, household supplies, personal care, health and essentials. Want it now? Yes™.
Community:
Facebook: http://www.facebook.com/worldmoto
Video Channel: http://www.youtube.com/user/worldmoto
Website: http://www.worldmoto.com
To find out more, please visit the links above. World Moto, Inc. trades on the following:
(OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY).
Details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's EDGAR database.
Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the United States Securities Act of 1933, as amended and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, expansion of Yes™ service area to Greater Bangkok, marketing of Yes™ service, and size of market for Moto-Meter. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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