World Moto Receives Multiple Sales Inquiries for the Moto-Meter™
Increasing m-commerce market has led to requests from locations around the world
Jun 11, 2015, 08:30 ET
NEW YORK, June 11, 2015 /PRNewswire/ -- World Moto, Inc. (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY) ("World Moto" or the "Company"), a technology company addressing the need for fare metering and m-commerce for motor scooters and motorcycle taxis around the world, today announced the Company has received inquiries from several interested parties for its proprietary Moto-Meter™. These inquiries have been received from geographical locations that include countries in Africa, Southeast Asia, Latin and South America.
Following the sales inquiries, World Moto has moved the Moto-Meter™ into production to help complete the sales requests. World Moto anticipates product shipments for its Moto-Meters™ from the initial production run to be fulfilled by the fourth quarter of 2015.
"As we continue to build awareness in our target markets, we're seeing tangible interest from qualified global distributors and fleet operators in purchasing initial production units of the Moto-Meter™," stated Paul Giles, CEO of World Moto. "This momentum is a positive sign for World Moto, as it validates our business strategy and reaffirms that we are well-positioned to take a leadership role in what is currently a highly fragmented and untapped m-commerce market."
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™, a personal retail delivery 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, product shipments for Moto-Meters™, increasing brand awareness, 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.
KCSA Strategic Communications
Phil Carlson / Allison Monat
[email protected] / [email protected]
SOURCE World Moto, Inc.
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