BANGKOK, THAILAND--(Marketwire - Jan 29, 2013) - World Moto, Inc. (OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY) ("World Moto" or the "Company") is pleased to announce that it has been contacted by Cyril Masson, the CEO of Europe's largest moto taxi operator, Citybird of France, to identify opportunities for integrating the Moto-Meter into the French regulatory framework. 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, the world's first motorcycle taxi meter.
Citybird was founded by Cyril Masson in 2003, since then the company has provided over 175,000 motorcycle taxi rides, and has partnered with Air France, France's national airline, combining airplane and motorcycle taxi services for those flying Air France.
In surpassing 100 interested candidates, World Moto marks a key point in its efforts to build a distribution network that spans the globe. The Company continues to receive daily inquiries from experienced parties operating within the sector, and is making rapid progress toward its goal of establishing itself as the only universally recognized brand in an industry with revenues approaching .7% of the global GDP and exceeding worldwide spending on advertising.
World Moto CEO Paul Giles stated, "Distributors are a long-term investment in human capital that will help promote World Moto's vision on a neighborhood-to-neighborhood level. It's more than having a representative in one region -- it's having dedicated, full-time entrepreneurs on a grass-roots level to grow the business, build relationships with local media and officials, and hold community events. It gives us a permanent, growing presence in these communities."
Full details about Citybird can be found at their website: http://www.city-bird.com/
About World Moto
World Moto, Inc is the global authority on the $500 billion dollar a year motorcycle taxi industry and creator of Yes, the "Need it Now!" service. World Moto has revolutionized the taxi industry by inventing the Moto-Meter, 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."
Watch the Moto-Meter in use on motorcycle taxis: http://www.worldmoto.com/videos.php
Watch Yes: http://www.worldmoto.com/yes.php
To find out more about World Moto, Inc. (OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY), visit our website at www.worldmoto.com. 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.