World Moto Inc. (fka FARE)

[Richie R]

Moto-Meter™ Ready for Global Sales

January 28, 2015 11:00 ET

NEW YORK, NY--(Marketwired - Jan 28, 2015) - World Moto, Inc. (OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY) ("World Moto" or the "Company") today announced that it is now immediately accepting orders from qualified global distributors and fleet operators for the Moto-Meter™.

The global opening of sales comes after several months of rigorous testing on the streets of Bangkok and with select partners. The ongoing quality assurance process has demonstrated that the Moto-Meter™ can withstand the extreme hazards that it will be subjected to in the field. The testing has additionally demonstrated that not only is the ruggedized device capable of withstanding the physical assaults of daily operations, but that the user experience from both passengers and drivers meets the standards that the company has set in order to begin general sales of the product. The Company has worked closely with the StartSmiling Thailand campaign and community (http://startsmiling.me) during this testing phase, and this has afforded an excellent opportunity to gauge public opinion about the Moto-Meter™. The positive response the Company has received from people from all walks of life, including motorcycle taxi drivers, students, celebrities, officials and businesspeople, has exceeded all expectations.

The Company is currently actively pursuing its goal of certifying the Moto-Meter™ with two administrative authorities in preparation for advancing its negotiations on regulatory mandates. Negotiations for legislation mandating the Moto-Meter™ will be pursued in parallel with the general sales process.

The Company believes that the Moto-Meter™ is one of the most sophisticated regulatory devices for transport services available on the market today, and that the features and benefits of the device will lead to its rapid adoption throughout the world. Further information on the enhanced capabilities that have been integrated into the Moto-Meter™ over the last year will be announced in forthcoming press releases.

Fleet operators and distributors interested in purchasing lots of the Moto-Meter™ may contact sales at [e-mail]. Production devices and delivery schedules will be allocated on a first come, first served basis to qualified operators and organizations.

Note that the World Bank estimates that the numbers of motorcycle taxis will increase by more than 50% over the next five years. Also note that saturation of the Moto-Meter™ is projected to reach 100% within three years of introduction in any given market and that its life expectancy/repurchase cycle is estimated at three years.

World Moto Changing the way the world goes around™

World Moto is the global authority on the $500 billion motorcycle taxi industry and inventor of the Moto-Meter™, Wheelies™, and Yes™.

Products/Services:

The Moto-Meter™ is a landmark device that CNN, Newsweek, Wired, Moneylife, among others, are calling "the world's first motorcycle taxi meter" and "world's first portable taxi meter" and "first-ever black box for motorcycles," while the Times named it "one of the most significant innovations of this decade" and Fast Company declared it "The First Real Taxi Meter Innovation in 100 Years... a $3 billion dollar idea."

Wheelies™ display static and streaming media on the wheels of motorcycles and automobiles, providing a unique and beautiful new mobile medium for advertising, broadcasting, self expression and publishing. According to Fast Company, Wheelies™ "invents a new kind of screen -- and one that's potentially ubiquitous... It's best seen to be believed."

Yes™ -- Your Store -- Delivery in minutes -- Popular food, snacks, beverages, household supplies, personal care, healthcare, and pet foods -- Faster than you can get it yourself? Yes™.

Community:

Facebook: http://www.facebook.com/worldmoto
Video Channel: http://www.youtube.com/user/worldmoto
Website: http://www.worldmoto.com

To find out more, please visit the links above. World Moto, Inc. trades on the following:
(OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY).

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.

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, use of proceeds and size of market for Moto-Meter. 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.