SOURCE: World Moto, Inc.

World Moto, Inc.

November 02, 2015 07:25 ET

World Moto Announces New HailYes™ Licensee

World's Only Open Licensed Ride Hailing App Continues to Attract Licensees

NEW YORK, NY--(Marketwired - Nov 2, 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 second HailYes™ Licensee since launching the HailYes™ Licensee Program only 3 weeks ago.

World Moto today announced an agreement to license HailYes™ in two of Indonesia's major cities. HailYes™ licenses were issued for Jambi City, the capital of Jambi province which is home to nearly 4 million people on the island of Sumatra, and Batam, the fastest-growing municipality and 8th largest city in Indonesia. Batam is the closest part of Indonesia to Singapore and known as the production leg of the free trade zone called the Indonesia-Malaysia-Singapore Growth Triangle. Indonesia is the world's fourth-most-populous country with over 255 million people, and represents a considerable opportunity with its vast fleets of automobile taxis and motorcycle taxis.

"The HailYes licensee program opens the door to highly-scalable growth with minimal upfront investment from World Moto," said CEO Paul Giles. "The road to profitable capitalization of this immense global market begins by engaging the licensees that will take us there. Licensees are the human capital that will help promote HailYes™ on a local level, throughout the world.

Under the HailYes™ license, the Licensee will get exclusive rights to use and market the HailYes™ e-hailing platform in both Jambi City and Batam, 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™), on-demand transportation app and open licensed platform. 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, 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.

Contact Information