SOURCE: World Moto, Inc.

World Moto, Inc.

December 09, 2015 08:00 ET

World Moto Management Update on Sales Strategy

NEW YORK, NY--(Marketwired - Dec 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 the Company's management update on its sales strategy.

In its continuing advances towards profitability, World Moto would like to summarize recent operational highlights important to generating sales:

  • World Moto Ships Moto-Meters™ to Customers Around the World 
  • World Moto Launches HailYes™ App on Apple's App Store 
  • World Moto Announces Third HailYes™ Licensee, Issued for Kampala, Uganda 
  • World Moto Announces Second HailYes™ Licensee, Issued for Two Cities in Indonesia 
  • World Moto Announces First HailYes™ Licensee, Issued for Amsterdam 
  • World Moto Launches HailYes™ Licensee Program, World's Only Open Licensed Ride Hailing App 
  • World Moto Grows HailYes™ Partners to More Than 300 
  • World Moto Meets with Bangladeshi Government Officials, Privately Demonstrates World Moto Technology

To advance the sales strategies above, the Company will now begin a concerted effort to promote the Moto-Meter™ and HailYes™ in high value markets around the world. The active promotion will include a targeted social media campaign to reach end users and perspective customers, while the Company will continue to take advantage of popular opportunities to raise awareness, such as its recent cooperation with a film project from Thammasat University. The student assignment involved creating spontaneous videos to promote the advantages of professionalizing motorcycle taxi fleets through use of the Moto-Meter™, which were shared via Thai social media and can also be viewed at http://www.facebook.com/KeepSmilingThailand.

The Company is also ready to begin distribution of its new presentation to governments on how the Moto-Meter™ can assist states and municipalities with their efforts on law enforcement, security and the fight against terrorism. The Company believes that by highlighting the unique capabilities of the Moto-Meter™ with regard to these types of contemporary issues of modern society, it will bring new exposure to the technology and further increase the imperative for government mandates, which are actively being pursued.

"The second half of 2015 took us from a company of development into one of production and sales," said Paul Giles, CEO of World Moto. "With this milestone now solidly behind us, we anticipate increasing acceleration towards profitability in the coming quarters. Both the Moto-Meter and HailYes are already gaining traction in the market, and we see these trends continuing." Giles concluded, "We are already sending out quotes for follow-up orders based on the positive results from initial purchases and we have only just begun to scratch the surface of these enormous markets."

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.

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.

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