NEW YORK, May 21, 2015 /PRNewswire/ -- World Moto, Inc. (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY) ("World Moto" or the "Company"), a technology company addressing the need for fare metering and m-commerce for motor scooters and motorcycle taxis around the globe, today announced the Company's operational update for the first quarter of 2015 which ended on March 31, 2015.
Operational Highlights
- Moto-Meter™, arguably the world's first portable motorcycle taxi meter, ready for use
- Launch of Yes™, personal retail delivery app, on Google Play
- Yes™ begins commercial operations in Bangkok
- Moto-Meter™ to be used in project for class taught by Google-X Cofounder
- Yes™ breaks eBay's delivery record
- Yes™ initiated Bangkok wide expansion
"We entered the year with an ongoing focus on the commercialization of our three key products, Moto-Meter™, the Yes™ App and Wheelies™," said Paul Giles, CEO of World Moto. "As we move forward on our long-term strategic plan, we're concentrated on increasing brand awareness and cultivating customer relationships to securely position ourselves on a path toward continued growth."
Giles concluded, "The moto-taxi industry is a highly lucrative sector, where it is not uncommon for just a single city to service more customers than are served by taxicabs across the entire United States. Given such a vast market, the potential figures for personal delivery shipments present a significant opportunity for World Moto. Once the world begins to realize the tremendous potential of the motorcycle taxi industry and personal retail delivery market, we are well-positioned to capitalize on the strong, existing infrastructure that exists within emerging growth countries around the world."
About World Moto
World Moto is a technology company that designs, manufactures, markets and sells the Moto-Meter products, which are devices that provide moto-taxi fare metering and other communication capabilities. The Company currently has patent applications pending for its products in 56 countries. Its products and services include the Moto-Meter™, arguably the world's first motorcycle taxi meter, Wheelies™, which display static and streaming media content on the wheels of motorcycles and automobiles, and Yes™, a personal retail delivery app. For more information on World Moto, please visit our website at www.worldmoto.com.
Community
Facebook: http://www.facebook.com/worldmoto
Video Channel: http://www.youtube.com/user/worldmoto
To be added to the World Moto email distribution list, please email FARE@kcsa.com with FARE in the subject line.
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, increasing brand awareness, cultivating customer relationships, opportunities in the motorcycle taxi industry and personal retail delivery market, and business strategy." 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.
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.
Investor Contacts
KCSA Strategic Communications
Phil Carlson / Allison Monat
pcarlson@kcsa.com / amonat@kcsa.com
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SOURCE World Moto, Inc.