SOURCE: World Moto, Inc.

World Moto, Inc.

December 17, 2014 09:40 ET

World Moto Announces Receiving Second Tranche of $500,000 and Completion of $1 Million Financing

NEW YORK, NY--(Marketwired - Dec 17, 2014) - World Moto, Inc. (OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY) ("World Moto" or the "Company") is pleased to announce that it has received the second tranche of $500,000 on a $1,000,000 financing.

The Company signed a Senior Secured Promissory Note and had received its first tranche of $500,000 (gross) in April 2014. The second tranche of $500,000 (gross) was received on December 12, 2014. The placement agent for the transaction was a FINRA/SIPC member investment bank. Details of the Financing are available via the SEC's website at www.sec.gov

Paul Giles, CEO of World Moto, commented, "We are pleased to have completed this financing as the process was rigorous and required perseverance to achieve a number of key milestones relating to our disclosure and reporting requirements. Having achieved these formative objectives, the Company's main focus is on bringing its products to market."

The Company will have further updates in the coming weeks.

World Moto Changing the way the world goes around

World Moto is the global authority on the $500 billion motorcycle taxi industry and inventor of the Moto-Meter™, Wheelies™, and Yes™. 

Products/Services:

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™ - Your Personal Convenience Store - Delivery in minutes - Popular food, snacks, beverages, household supplies, personal care, healthcare, and pet foods - Want it now? Yes™.

Community:

Facebook: http://www.facebook.com/worldmoto
Video Channel: http://www.youtube.com/user/worldmoto
Website: http://www.worldmoto.com

To find out more, please visit the links above. World Moto, Inc. trades on the following:
(OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY).

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.

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, use of proceeds and size of market for Moto-Meter. 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.

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