NEW YORK, Aug. 5, 2015 /PRNewswire/ -- 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 approved more than 100 HailYes™ Partner applications from Google Play.
"The traction of the HailYes Partners app is a testament to the market's rapid acceptance of the HailYes platform," said Paul Giles, CEO of World Moto. "Since we first launched a little over a month ago, we're already seeing enthusiasm and interest from drivers and entrepreneurs. HailYes Partners are already providing over 1 million rides per year and we expect substantial growth as we continue to raise awareness of this innovative platform and sign up more partners."
HailYes™ is a smartphone app that instantly connects consumers to transport and commerce services in a local community. Compliant with a variety of motor vehicles ranging from motorcycles to tow trucks, the two HailYes™ apps allow consumers to simply tap their smartphone to hail a ride, courier a package, or have refreshments delivered right to their doorstep in a matter of minutes.
Released in June 2015, the HailYes™ Partners app enables drivers and vehicle operators anywhere in the world to sign up and begin offering services to the public via the HailYes™ app.
World Moto is targeting motorcycles and other common modes of mobility that are currently unserved or underserved by other e-hailing applications. The Company aims to popularize ride-hailing for these forms of transportation. The Company estimates the global ride-hailing market for motorcycles to be ten times that of automobiles.
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
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 automobiles, and Yes™, an e-hailing and on-demand services app. For more information on World Moto, please visit World Moto's website at www.worldmoto.com.
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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.
SOURCE World Moto, Inc.