SOURCE: World Moto, Inc.

World Moto, Inc.

April 11, 2016 08:47 ET

HailYes™ Is Now Thailand's Only Fully Legal Motorcycle Taxi Hailing System

Thailand Department of Land Transport Rules Other Services Illegal

NEW YORK, NY--(Marketwired - Apr 11, 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 that the Company's HailYes™ service is the only legal motorcycle taxi hailing system operating in Thailand.

Thailand's Land Transport Department recently ruled that motorcycle taxi hailing services such as Grab and Uber are illegal under Thailand law, leaving HailYes™ as the only fully legal motorcycle hailing service operating in Thailand. HailYes™ uses licensed and registered public transportation providers in Thailand to offer an e-hailing service that complies with all regulatory requirements. Users are able to hail a motorcycle from anywhere within the coverage area, and a motorcycle taxi from a local queue will be called to service the request. Pricing is identical to that received when hailing from the street, and any licensed transportation provider with a smartphone is allowed to join the service.

As reported in major Thai newspapers, Department of Land Transport deputy director-general Nantapong Chertchu stated that all operations must comply with the framework of the law, and urged all citizens to use only legal public transport. This new standing for HailYes™ will now allow the Company to launch marketing campaigns to increase awareness and demand for HailYes™. The app, available for both iOS and Android, includes several features such as driver ratings, immediate or future booking of vehicles, and electronic receipts. More than 500 legal and registered drivers are currently signed up with HailYes™ to offer services.

World Moto CEO Paul Giles stated "As motorcycle taxi hailing services proliferate, transportation departments in countries around the world are recognizing the need for additional regulation of this industry. HailYes™ and the Moto-Meter™ are well positioned to take advantage of this trend as they offer all the advantages of traditional e-hailing platforms while still maintaining the safety and security that governments require to manage the sector. We look forward to working with these governments to implement solutions beneficial to all stake holders."

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

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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 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.

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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.

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