NEW YORK, June 11, 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 world, today announced the Company has received
inquiries from several interested parties for its proprietary
Moto-Meter™. These inquiries have been received from geographical
locations that include countries in Africa, Southeast
Asia, Latin and South
America.
Following the sales inquiries, World Moto has moved the
Moto-Meter™ into production to help complete the sales requests.
World Moto anticipates product shipments for its Moto-Meters™ from
the initial production run to be fulfilled by the fourth quarter of
2015.
"As we continue to build awareness in our target markets, we're
seeing tangible interest from qualified global distributors and
fleet operators in purchasing initial production units of the
Moto-Meter™," stated Paul Giles, CEO
of World Moto. "This momentum is a positive sign for World Moto, as
it validates our business strategy and reaffirms that we are
well-positioned to take a leadership role in what is currently a
highly fragmented and untapped m-commerce market."
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 4 countries, with applications pending in another
56 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
automobiles, and Yes™, a personal retail delivery
app. 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
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, product shipments for Moto-Meters™,
increasing brand awareness, 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 Contacts
KCSA Strategic Communications
Phil Carlson / Allison Monat
pcarlson@kcsa.com / amonat@kcsa.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/world-moto-receives-multiple-sales-inquiries-for-the-moto-meter-300097624.html
SOURCE World Moto, Inc.