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Press Release
Press Release
Articles 

World Moto Begins Focus on Increased Sales

April 15, 2016 | About:

NEW YORK, NY--(Marketwired - Apr 15, 2016) - World Moto, Inc. (OTC: FARE) (BERLIN: WM7) (BERLIN: A1J8SY) ("World Moto" or the "Company"), a leader in advanced solutions for motorcycle taxis and on-demand transport, today announced the Company's management update on its sales strategy.

In its continuing advances towards profitability, World Moto would like to summarize recent operational highlights important to generating sales:

  • HailYes™ is Now Thailand's Only Fully Legal Motorcycle Taxi Hailing System
  • Moto-Meter™ Granted a Patent in 16 countries throughout Africa
  • Moto-Meter™ Ready to Become the New Standard for the $500 Billion Motorcycle Taxi Industry
  • World Moto Signs MOU for New Moto-Meter™ Distributor in Sri Lanka
  • World Moto Signs MOU for New Moto-Meter™ Distributor in Kenya
  • World Moto Signs MOU for New Moto-Meter™ Distributor in Rwanda
  • World Moto signs MOU for new Moto-Meter™ Distributor in Uganda 
  • Indian Motorcycle Taxi Market Heating Up

To advance its sales strategies, the Company has recently streamlined its operations removing all non essential expenses, and will now direct the majority of its resources to marketing and sales. The Company will step up its efforts to seed markets around the world with the Moto-Meter™ and increase its activities towards large operators and governments.

Simultaneously, the Company will begin an advertising push to sign up users for HailYes™, both in Thailand where it now enjoys exclusive status as the only fully legal motorcycle e-hailing platform, as well as around the world in cooperation with its licensees. The Company believes that these strategies will payoff for investors.

The Company has specifically recognized that to give maximum value to its shareholders, the current environment requires it to do 2 things. It must minimize any expenses that are not directly related to the generation of revenues, and it must fully concentrate the Company's resources on sales and marketing. In doing so, the Company aims to minimize future funding and chart the shortest path to profitability.

Paul Giles, CEO of World Moto stated, "We are in negotiations with many interesting parties and we are consistently receiving inquiries about the Moto-Meter from interests and organizations around the world, so we are confident our new concentration and focus on sales and marketing is going to prove very rewarding to our shareholders."

Watch a video of the Moto-Meter™ with smartphone app at: https://www.youtube.com/watch?v=lPf4PpZs2dM

To be added to the World Moto email distribution list, please email [email protected]

About World Moto
World Moto is a technology company that designs, manufactures, markets and sells Moto-Meter products, devices that provide moto-taxi fare metering and other communication capabilities. The Company's Moto-Meter patents have been granted in 20 countries, with applications pending in another 34 jurisdictions. World Moto's 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 Yes™ (aka HailYes™), a smartphone app for on-demand transportation. For more information on World Moto, please visit World Moto's website at www.worldmoto.com.

Community
Facebook: http://www.facebook.com/worldmoto
Video Channel: http://www.youtube.com/user/worldmoto

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, estimates of motorcycle taxi markets and Moto-Meter sales, release of HailYes™ apps, global ride-hailing market, growth of platform, target markets, product releases, product demand 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 Contact:
World Moto
Email Contact
(646) 810-8781

Press Contact:
Email Contact
(646) 810-8781

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