SOURCE: World Moto, Inc.

December 20, 2012 16:05 ET

World Moto, Inc.: Global NGOs Endorse Use of Moto-Meters

BANGKOK, THAILAND--(Marketwire - Dec 20, 2012) - World Moto, Inc. (OTCBB: FARE) (OTCQB: FARE) (Berlin: WM7) (Berlin: A1J8SY) ("World Moto" or the "Company") is pleased to announce that several prominent Non-Governmental Organizations (NGOs) around the globe have recommended use of Moto-Meters. 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.

The Company earned the recommendations of several prominent NGOs after revealing the potential of its revolutionary technology. Among the social impact that can be generated by use of the Company's products are:

  • Payment for Waiting Time - reduced incentive to bypass traffic controls
  • Black box recorders - improves driving behavior of operator
  • Violent Disagreement - reduces animosity through standardized fares
  • Rape and Assault - tracking and registration deter crimes of opportunity
  • Extortion - verifiable data reduces chances for coercion and corruption
  • Bias - standardized fares improve efficiency and equality of transport
  • Disabled/Transit Captives - those without transit alternatives are often exploited
  • Fare Management - regulated fares are more advantageous for communities as a whole
  • Mass Transit Feeder - stress free motorcycle taxis encourage more use of mass transit, reducing pollution
  • Home Delivery - home delivery services are more energy efficient than individual trips to the market

Upon learning of the Moto-Meter, Mirjam Sidik, Executive Director of the Asia Injury Prevention Foundation (AIPF), stated, "Congratulations on this great product. A better safety culture would make [motorcycle taxis] outstanding and passengers would prefer to choose those motorcycle taxis with a Moto-Meter."

Disabled passengers have also expressed their support for the Moto-Meter. During the 2012 International Day of Persons with Disabilities on December 3, the UN stated that "Persons with disabilities are the world's largest minority. Over one billion people, or approximately 15 percent of the world's population, live with some form of disability." They went on to state that the disabled faced a variety of barriers to participation in society, not the least of which was not having equal access to transportation. The Company notes that Moto-Meters remove many barriers that the disabled and hearing impaired face when trying to haggle fares on motorcycle taxis.

Among organizations that have endorsed the Moto-Meter or are in discussions with World Moto regarding support are:

Asia Injury Prevention Foundation
Disability Rights Association of Goa
World Federation of the Deaf
European Disability Forum
Asia Impact Investment Exchange
Asia Pacific Development Center on Disability
Discovering Deaf Worlds

The Company believes that continuing support from these influential advocacy groups will increase demand for the Moto-Meter and accelerate the rate at which World Moto's products are absorbed by the global market.

World Moto CEO Paul Giles commented, "We are very proud to receive the support of such an esteemed group of organizations. World Moto shares the same vision in promoting professional competence within the sector to improve the quality of services it offers."

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:

Watch Yes:

To find out more about World Moto, Inc. (OTCBB: FARE) (OTCQB: FARE) (Berlin: WM7) (Berlin: A1J8SY), visit our website at 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.

For more information contact investor relations at

Contact Information

  • Contact:

    World Moto, Inc
    Investor Relations
    Telephone: (646) 810-8781