NEW YORK, NY--(Marketwired - Mar 18, 2014) - World Moto, Inc. (OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY) ("World Moto" or the "Company") is pleased to announce that it has secured one of the best locations at the Bangkok Motor Show to display Wheelies™ in coordination with 2 major motorcycle manufacturers. Changing the way the world goes around, World Moto is a global authority on the $500 billion dollar a year motorcycle taxi industry and inventor of the Moto-Meter™, Wheelies™, and Yes™.
Last month World Moto entered into discussions with 4 major motorcycle manufacturers to display the Wheelies™ technology on their vehicles at the Bangkok International Motor Show. Upon completing preliminary negotiations, both AP Honda and Yamaha Motors of Thailand expressed strong interest in incorporating Wheelies™ technology onto their motorcycles. After several negotiations with both manufactures and insufficient time before the show to arrange an exclusive agreement with either firm, the president of the Bangkok Motor Show eventually intervened in the discussions and mediated an arrangement that was acceptable to all parties.
The mediated solution has resulted in the Company being offered a special venue to display its revolutionary technology. Wheelies™ will appear with both manufacturers on two rotating stages located at the main entrance to the expo, directly across from the registration desk and the lucky draw display, where visitors are offered the opportunity to win cars and motorcycles that will be raffled off during the show. The optimum visibility of this location will result in Wheelies™ being conspicuously highlighted to nearly every attendee at the exhibition, as well as the thousands of media outlets and blogs which carry news and information about the show.
The 35th annual Bangkok International Motor Show, promoted as "The Greatest Show in Asia," is one of the world's largest trade fairs, expected to attract nearly 2 million automotive and motorcycle enthusiasts this year throughout its 2 week duration. It is scheduled to take place from March 26 to April 6 in Challenger Hall at the Muang Thong Thani Impact Arena and Convention Center in Bangkok, Thailand. The show is also the inspiration for the annual Miss Motor Show Thailand beauty pageant, the winner of which will be present during the show to engage the public and exhibitors.
Paul Giles, CEO of World Moto, commented, "The Bangkok International Motor show is one of the biggest trade fairs in the world, and it is hard to imagine a more valuable show to attend. Space is sold out nearly a year in advance, and companies routinely spend millions of dollars on the event. The fact that the president of the show took such unprecedented action in offering us this opportunity speaks volumes about the industry's view of the potential of this product. We are in the expo today because giants in this industry moved mountains to make sure we could be -- it's almost unheard of to be offered free space at an event like this."
Bangkok International Motor Show website: http://www.bangkok-motorshow.com/
Miss Motor Show Thailand website: http://www.missmotorshowthailand.com/
About World Moto
World Moto, Inc. is the global authority on the $500 billion a year motorcycle taxi industry and creator of the Moto-Meter™, Wheelies™, and Yes™.
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™ is a personal retail and delivery service that makes local commerce as convenient as the Internet. Simply tap an app and get refreshments, toothpaste, diapers and other necessities delivered anywhere in less than 15 minutes. Yes™ is Your e-service.
World Moto web: http://www.worldmoto.com
To find out more about World Moto, Inc. (OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY), visit the Company's website and Facebook page, linked above.
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.
Notice Regarding 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, projections of worldwide sales of World Moto, Inc's products and global markets. 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.