NEW YORK, Oct. 13, 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 is launching a new program to provide interested parties with the opportunity to license HailYes™, the Company's smartphone application that instantly connects consumers to transport and commerce services in a local community.
"We believe the e-hailing market has reached an inflection point," said CEO Paul Giles. "The market has been developed by closed proprietary platforms to the point where our open, licensed solution can unlock the potential of legions of motivated entrepreneurs who are currently locked out of this opportunity."
Giles continued, "In the same way that licensing has become a dominant model in many technology sectors, such as smartphones and personal computers, we believe this open licensing program will create a similar impact in the e-hailing market and establish HailYes as a serious competitor to the closed, proprietary models entrenched in the industry today."
HailYes licensees not only get immediate access to an advanced e-hailing platform at a small fraction of what it would cost to develop a similar system, but also receive the benefits of tourists and businessmen that use HailYes™ and roam into their territory. All the licensees need to do is to register drivers in their area, add users and start making money.
To take advantage of the opportunity to become a HailYes™ Licensee, please email [email protected]
To be added to the World Moto email distribution list, please email [email protected] with FARE in the subject line.
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.
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.