NEW YORK, Aug. 24, 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 300 HailYes™ Partners.
An example of a market gaining traction is the city of Pattaya, Thailand, where the Company is now actively working to register drivers, including drivers of share taxis. Known locally as songtaews (literally, "two rows"), and sometimes called "baht buses", these share taxis are a primary mode of transport for approximately 500,000 passengers a day throughout the city. The Company intends to generate revenue via transaction fees for this service and also raise visibility of HailYes through interior/exterior signage.
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 is the first to enable e-Hailing of share taxis and autorickshaws in Thailand.
"We launched the HailYes Partner app in June, and it's been very exciting to see it gain traction over the past several months," said Paul Giles, CEO of World Moto. "With the assurance we have gained from this initial success, we will continue to build momentum, sign up new drivers, and spread into new localities, such as Pattaya, where we see great opportunities for World Moto."
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.
Video Channel: http://www.youtube.com/user/worldmoto
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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.