Dear Shareholder,
We are pleased to provide the following updates:
Corporate
World Moto (FARE) has officially changed it name to All Your Foods, Inc. a Nevada Corporation and has received its Nevada business license. This was done after bringing World Moto’s registration current with the Nevada Secretary of State.
The Company is now in the process of preparing to file a Form 10, which is a filing with the Securities and Exchange Commission (SEC), also known as the General Form for Registration of Securities. It is used to register a class of securities for potential trading on U.S. exchanges. Any company with over $10 million in total assets and 750 or more shareholders is required to file a Form 10 with the SEC.
Operations
The launch of the new menu at Chop and Chisel is successful, and more customers are boarding very week. Check out the menu at https://chopandchisel.com/
We have been working on increased distribution and have a super sealer that puts a film of plastic over the meals giving meals a 7-day shelf life which will mean increased distribution throughout America. The Company’s proprietary back-end technology infrastructure has seamlessly and efficiently executed thousands of member orders on numerous meals concurrently. This technology manages membership registrations, meals, and deliveries. With the rebranding of our Denver operation, our meals should be available in multiple markets by this summer.
Only 10% of Americans Love Cooking.
According to the Harvard Business Review, the supermarket and grocery business is likely to suffer strong headwinds in the future, due to long-term shifts in consumer behavior. Although many people don’t realize it yet, grocery shopping and cooking are in a long-term decline.
Americans today spend more money on "dining out" than buying groceries. Even without much help from technology, at least not yet, convenience has triumphed over cost, creating a larger market in the process.
All Your Foods meal delivery offers the best of both worlds: cooked food delivered to customers who can enjoy it in the comfort and privacy of their homes. By eliminating the chore of shopping, cooking, and cleaning, All Your Foods has the potential to disrupt the food industry.
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