SOURCE: World Moto, Inc.

World Moto, Inc.

November 09, 2015 07:00 ET

World Moto Announces 3rd HailYes™ Licensee

Open Licensing Compels Aggressive Expansion of HailYes™

NEW YORK, NY--(Marketwired - Nov 9, 2015) - 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 it has signed its third HailYes™ Licensee since launching the HailYes™ Licensee Program less than a month ago.

World Moto today announced an agreement to license HailYes™ in Kampala, Uganda. HailYes™ licenses were issued for Kampala (and surrounds), the capital and largest city of Uganda, home to a population of close to 2 million people and an estimated 250,000 motorcycle taxis (Source: The Guardian, 2013). Uganda is a country of East Africa, bordered to the east by Kenya, and home to more than 37 million people. Uganda and the East Africa region are largely unserved or underserved and represent a significant opportunity.

"The ride-hailing industry's biggest players took a year or more to expand beyond their launch city, and some have yet to expand beyond one country," said CEO Paul Giles. "Local customs and regional variations are serious obstacles to global expansion for the closed, proprietary solutions of our competitors. By contrast, our open licensing has spread to three distinct continents with dramatically different cultures in only three weeks. Open licensing is promising to be a game changer in this industry."

Under the HailYes™ license, the Licensee will get exclusive rights to use and market the HailYes™ ride-hailing platform in Kampala, and will receive the benefits of tourists and businessmen that use HailYes™ and roam into their territory.

The HailYes™ Licensee Program is a pioneering, new program to provide interested parties and entrepreneurs with the opportunity to license the world's first open ride-hailing application, HailYes™. People anywhere in the world can now license the HailYes™ smartphone application and platform and instantly connect consumers to transport and commerce services in their local community. HailYes™ is freely available for download worldwide, allowing people to simply press a button on their phone and get a safe, affordable ride in minutes.

To take advantage of the opportunity to become a HailYes™ Licensee, please email info@worldmoto.com

To download the HailYes™ Partners app, visit Google Play or use the following link: http://bit.ly/1Hghpeo
To download the HailYes™ app, visit Google Play or use the following link: http://bit.ly/1O3DDAT

To be added to the World Moto email distribution list, please email invest@worldmoto.com

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, 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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