Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Wheelies Production Contract and Update 1/06/2014
Link ! - http://www.marketwired.com/press-release/world-moto-inc-wheelies-production-contract-and-update-otcbb-fare-1866272.htm
-------------------------------------------
January 06, 2014 08:13 ET
World Moto Inc.: Wheelies Production Contract and Update
NEW YORK, NY--(Marketwired - Jan 6, 2014) - World Moto, Inc. (OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY) ("World Moto" or the "Company") is pleased to announce that it has contracted with Thailand-based DMC Corp (154) Co. Ltd. (www.dmc.co.th) for production of its revolutionary Wheelies LED display technology. Changing the way the world goes around, World Moto is a global authority on the $500 billion dollar motorcycle taxi industry and creator of the Moto-Meter, Wheelies, and Yes.
DMC recently concluded an extensive proof of concept phase that included demonstrations of their capabilities to meet the Company's rigorous standards for manufacture of printed circuit boards, injection molded components, conformal sealing and assembly of the Wheelies device. The successful completion of this phase and the subsequent agreement between the Company and DMC signifies the beginning of the production stage of Wheelies.
This strategic alliance allows the Company to move immediately into limited production of the Wheelies device, which involves low volume production runs of tens to hundreds of units in order to refine the production yields, increase the efficiency, and decrease warranty and support costs of the manufacturing process. DMC will provide their experienced research and development team to assist in the design of the automated test and analysis fixtures and programs required to optimize this system. The Company anticipates the limited production and optimization stage to last approximately 6 months, after which full commercial production will commence.
World Moto's CTO, Chris Ziomkowski, stated, "Anytime you develop a truly innovative product with very little in common with typical devices, you face a significant challenge in qualifying manufacturers. As no one has any direct experience with a similar product, there are few metrics you can use to help guarantee success. We are fortunate to have found such a capable manufacturer who has the experience, capacity and flexibility to help us guarantee commercial success."
Sales Imminent
World Moto will make limited production units available over the next six months for purchase/lease to advertisers, distributors and dealers, both for the purpose of generating revenue and awareness, and to establish distribution chains in advance of full commercial production. In addition, the Company may institute a pre-orders program to promote early adopters of the technology. As noted in the Company's December press releases, its Wheelies technology has generated significant media interest and demand from potential customers as the Company continues to receive unsolicited inquiries on a daily basis from interested parties on all 6 populated continents, including individuals as well as motorcycle manufacturers, distributors and dealers. Motorcycle and powersports dealers are also interested in purchasing the product as an in-store display. While the Company does not have figures for the total number of such dealers worldwide, in Bangkok alone, there are more than 1000 motorcycle dealers.
Note about the Moto-Meter
Note that a press release regarding the Moto-Meter will be distributed in future in conjunction with upcoming news and a first look at the revised product.
Recent press releases
Achievements of 2013:
http://www.marketwired.com/press-release/world-moto-celebrates-historic-achievements-2013-prepares-significant-revenues-2014-otcbb-fare-1865468.htm
Wheelies revenue:
http://www.marketwired.com/press-release/World-Moto-Beats-Snapchat-to-Revenue-Wheelies-Preview-Product-Sold-Out-OTCBB-FARE-1857859.htm
About World Moto
World Moto, Inc. is the global authority on the $500 billion a year motorcycle taxi industry and creator of the Moto-Meter, Wheelies, and Yes.
Product/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 is a personal concierge service. Accessing any product from the inventory of a local community is as simple as tapping an app and saying "Yes" when the razors, diapers, tissue, etc., are hand-delivered to virtually anywhere in less than 20 minutes. Launching in 2014, Yes will make brick and mortar local commerce as convenient as the Internet.
Videos:
Moto-Meter: http://www.worldmoto.com/videos.php
Wheelies: http://www.evenbiggerthing.com
Yes: http://www.worldmoto.com/yes.php
World Moto website: http://www.worldmoto.com
Facebook: http://www.facebook.com/worldmoto
To find out more about World Moto, Inc. (OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY), visit the Company's website and Facebook page. 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.
Notice Regarding 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, projections of worldwide sales of World Moto, Inc's products and global markets. 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.
I know they have 2 awesome products that could be sold globally. The popularity of the Wheelies is very high and they have generated revenue from the Wheelies.
Also, they said this on Facebook to a question about production: “Thank you for your question. The next press release will detail production. “
Sales they want them, a lot of them.
As for what information I am aware of I can only say please refer to the information included in the World Moto press releases and the comments on their Facebook page.
QueenVic ! I like what you are saying. It's going to get real interesting around here.
The stock is Hot! Your hot.. Yeah baby! The technology is hot!
Future is looking bright around here!
Happy New Year! AND Hello 2014!
World Moto is ready to tackle the New Year in a big way.
News of achievements and a bright future ahead!
http://www.marketwired.com/press-release/world-moto-celebrates-historic-achievements-2013-prepares-significant-revenues-2014-otcbb-fare-1865468.htm
Good evening Azy, Your making me laugh tonight with your boldness :)
I'd rather save all the news for 2014, let's get the past year behind us.
I am looking forward to 2014!
Wow, that was funny. LOL
I guess all we can do is wait then, Hopefully it does well.
Thank you Pickle, that helps me understand it better.
Well I am still in for the big WIN.. GO FRZT
I want to make sure I got this right.
They are testing Party Animals in another market and updating normally like they would any game. So it would seem they are moving forward on Party Animals?
But we cannot download it because it in another market and they are limiting the down loads?
( I know there was a discussion in the past about it , but I want to make sure I got straight)
This is intriguing but weird…
The interest in World Moto keeps growing! The likes keep growing on Facebook!
People are interested in the Wheelies!
Close to 75,000 views (In a very short time) of the Holiday Wheelies video!
Over 80,000 views ( has to be more views because the video was on other sites before YouTube) of the Wheelies "Even Bigger Thing"
2014 should be a great year for the Wheelies and Moto Meter!
Moto Meter feedback from World Moto Facebook page.
I read from this comment that they are saying the Moto Meter will be a robust product that will be suitable for the global market. This is the real deal.
-----------------
From the World Moto Facebook page:
Thank you for your comment and suggestions.
Earlier press releases mentioned that there is an existing demand for the Moto-Meter from distributors and end users, with a number of distribution LOIs already in place. As well, transportation experts, organizations and governments are moving in the direction of mandating meters. In terms of IP, the company applied for a patent on the Moto-Meter technology in 61 countries - collectively these nations hold the highest number of motorcycle taxis and about 90% of the world's population. The first country to grant a patent was Nigeria, where the patent will be in effect until 2033. The company anticipates the other 60 countries will follow the same course. All in all, we absolutely agree with you that the cards are building in World Moto's favor.
The company is very confident in achieving sales. And so with a strong sense that there will be sales, and that those sales will generate further sales, and so on (compound growth), the focus has been on revising the product to comply with regulatory requirements, and at the same time, ruggedizing the device to withstand the elements and heavy use.
Best,
WM
I just jumped out the window but I live in a 1 story so I am ok. LOL !! But this stock is driving me crazy.
We need info from the CEO and not the same stuff in the quarterly.
Did FRZT hit an all time low today?
LOL, Well you did find that earlier but now the world knows.
Excellent information to benefit World Moto and a good find on your part. :)
The news today comes at a real good time. This study not only helps open the door but swings it wide open to the idea that mandating meters on motorcycle taxis is a great idea. This study will be a great asset to the company as we are on the threshold of the Moto Meter launch.
Future looks bright for World Moto.
Not the holiday cheer I was looking for from this company.
Is the Party Animals release going to save the day?
Excellent News!
Some interesting Feedback from the World Moto Facebook page.
It looks like World Moto is feeling really good about their company right now and looks like they anticipate 2014 will be even bigger.
A bright future ahead, things are going good, but I imagine we will see better.
Message below cut and pasted from World Moto Facebook page.
---------------------------
Busy as bees...
About the past, present, and yet to come:
On June 27, 2013, we posted "the principals of World Moto believe that there has never been a better time to invest or increase holdings."
The above has come to pass and today the business is in the best position it has ever been in - a bright future indeed!
Thank you and happy holidays!
Best,
WM
Lots of reasons to keep a positive attitude around here, 2014 should be a great year for World Moto.
World Moto Holiday Wheelies video and feedback from their Facebook page!
From https://www.facebook.com/worldmoto
---------------------------
Hi All,
We wish you a Merry Christmas! The future looks bright and beautiful.
Best,
WM
Wheelies Video :
Looking good World Moto !
Exactly... :) LOL
Well I believe they are busy and have their hands full. And I don't think they are ignoring anyone, it might be that some of the questions asked on Facebook are probably going to be included in a upcoming press release or can not be answered yet. I guess we will see.
You were right, And dip it did for sure, but like what has been said in other posts, end of year, day traders, etc may play a part in this not to mention peoples impatience.
.10 or better is a good place for it to be for the next news release, hopefully we will get back up there. We have had nothing but good news it should stay stable till the end of the year.
As usual you make a bold statement there...
Hopefully investors will appreciate the potential here and the PPS will not dip. We are close to another product release and the Wheelies are just getting started.
General Grievous, You came in off the beach to make a comment like that.. They are releasing news as it happens, Wheelies are doing great, people seem to love them. Moto Meter launch is coming up. They have said in past news releases the Moto Meter is next.
Great opportunity here for you to add a wing onto your mansion.
I think they are working hard on producing/selling the Wheelies and getting ready for the Moto Meter launch.
imo
I did notice a few more "Likes" on their Facebook page. So they do have some people checking them out.
This no news stuff if ridiculous.
A good example of the demand for professionalizing or regulating the Motorcycle Taxi industry.
Is that a Moto Taxi service that needs a reliable, weather resistant, easy to mount, more professional looking meter? Looks like a company that needs to purchase a few hundred Moto Meters to me.
Plenty of customers globally that are a excellent fit Moto Meter.
And because the Moto Meter is all about improving the motorcycle taxi business. This could be great opportunity for the Moto Meter to offer a solution to help turn around the motorcycle taxi business in a area that needs to rebuild their motorcycle taxi services.
The Moto Meter is a universal product that has a global reach.
They just signed a big deal for the Wheelies and have the upcoming Moto Meter release. I would imagine they are busy supporting customers request , looking at orders, overseeing production, etc,,, you know the kind of stuff a money making growing global business needs to take care of on a daily basis.
This is a young company with great products generating revenue with huge global potential.
Looking good World Moto!
Well, The Queen has spoken... and I like the way she thinks. A dollar for a company with two great ideas.. sounds like a real possibility.
An article about motorcycle taxi service London in the Wall Street Journal would be a great timing since the Moto Meter is just about ready to go.
Interesting...
Looks like the beginning of a huge global opportunity!
Quotes cut and pasted from the December 02 2013 press release about the Wheelies product! Looks like there are a lot more discussions about the Wheelies happening at World Moto!
“Since the successful debut of Wheelies at Sign Asia Expo 2013 on November 14th, the Company has been in discussions with several enterprises to deploy the Wheelies technology. “
“The Company has recently closed a deal with Mobile Advertising Ventures for the acquisition of up to 200 wheels over the next 12 months.”
“World Moto continues to receive unsolicited inquiries on a daily basis from interested parties on all 6 populated continents, including individuals as well as motorcycle manufacturers, distributors and dealers. Motorcycle dealers are also interested in purchasing the product as an in-store display.”
World Moto Beats Snapchat to Revenue; Wheelies Preview Product Sold Out
LINK !: http://www.marketwired.com/press-release/World-Moto-Beats-Snapchat-to-Revenue-Wheelies-Preview-Product-Sold-Out-OTCBB-FARE-1857859.htm
----------------
BANGKOK, THAILAND--(Marketwired - Dec 2, 2013) - World Moto, Inc. (OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY) ("World Moto" or the "Company") is pleased to announce that the recent debut of its revolutionary Wheelies technology has generated high demand from potential customers. Changing the way the world goes around, World Moto is a global authority on the $500 billion dollar a year motorcycle taxi industry and inventor of the Wheelies and the Moto-Meter, the world's first motorcycle taxi meter.
Since the successful debut of Wheelies at Sign Asia Expo 2013 on November 14th, the Company has been in discussions with several enterprises to deploy the Wheelies technology. The Company has recently closed a deal with Mobile Advertising Ventures for the acquisition of up to 200 wheels over the next 12 months. The terms of the deal include the understanding that Mobile Advertising Ventures cannot wait for the limited production phase of Wheelies to begin in the first quarter of 2014 in order to commence advertising operations, and authorize the sale of World Moto's available complement of 10 Wheelies Preview Product wheels for the sum of $35,000 USD. The deal gives Mobile Advertising Ventures the option to purchase up to 190 additional wheels over the next 12 months on similar terms. The terms of the arrangement call for software licensing fees to be paid to the Company once advertising revenues have exceeded a predetermined allowance based on the number of wheels in operation. The software licensing arrangements give Mobile Advertising Ventures the non exclusive right to use Wheelies on its fleet of motorcycles for advertising in the Greater Bangkok Metropolitan area.
World Moto continues to receive unsolicited inquiries on a daily basis from interested parties on all 6 populated continents, including individuals as well as motorcycle manufacturers, distributors and dealers. Motorcycle dealers are also interested in purchasing the product as an in-store display.
Wheelies were recently featured in an article by Fast Company (available at http://www.fastcompany.com/3021803/most-creative-people/watch-as-this-motorcycle-wheel-becomes-a-tv-screen#1), and since that time dozens of motorcycle magazines and blogs have written about the technology in several different languages. The Company anticipates this trend to continue. Fast Company is a major US business magazine that focuses on the best technology, business, and design. With a circulation of approximately 800,000, it is comparable to Wired Magazine as one of the top publications in its category. In coordination with the Fast Company article, World Moto simultaneously released a video of the Wheelies, which has since amassed over 50,000 views and is available at http://www.evenbiggerthing.com.
Wheelies display static and streaming media content on the wheels of motorcycles and automobiles providing a unique mobile medium for advertising, broadcasting, self-expression and publishing. The technology has the potential to turn essentially any wheel in the world into a brilliant, full color billboard or video screen. All digital content, including ads and videos, can be sequenced and triggered at a specific time, location, or manually under the command of an operator using a smart device with gesture recognition or speech recognition -- said features give Wheelies the ability to serve up highly targeted advertisements to different demographics.
Combining the best aspects of social networking and modern LED displays, the revolutionary Wheelies technology promises to offer the ability for new generations of consumers to connect with members of their local community using methods similar to those proven effective by online services today. Unlike locally targeted internet forums, Wheelies can spread an idea quickly and easily to every corner of a region without restricting the message to select individuals who actively seek information from a specific website. Far from being just a unique form of advertising, Wheelies promises to reconnect local neighborhoods in the same way that the internet has connected the virtual world.
For advertisers, Wheelies are a high impact medium for showcasing brands and businesses to new customers in locations of mass consumer exposure with the ability to target up to 400,000 people a day, per motorcycle.
For retail buyers, Wheelies are a personal digital canvas in the physical world, a beautiful and inspiring medium of self-expression, and a fun way to share content, engage, collaborate and create entirely new experiences.
World Moto expects that retail buyers will eventually make up the largest portion of Wheelies users. Global sales of OEM motorcycle components and accessories represent a market worth approximately $50 billion annually.
The global advertising industry is worth nearly $600 billion annually, with outdoor display-type advertising being the fastest growing segment of the advertising industry. The Company believes that the obvious appeal to advertisers together with the additional revenue streams available to agents, operators and drivers will result in considerable demand for the technology.
Paul Giles, CEO of World Moto, commented, "We were convinced from the beginning that Wheelies were going to be a success, and the response we have received since the Fast Company article and the trade show has simply confirmed our beliefs. It was only a matter of time until the first deal closed, and we anticipate more through the coming months as Wheelies enters full production."
For images and video of the Wheelies, visit the Company's recent press release at http://www.marketwired.com/press-release/World-Moto-Featured-on-Fast-Company-Again-Social-Networking-Hits-the-Road-OTCBB-FARE-1854282.htm
About World Moto
World Moto, Inc. is the global authority on the $500 billion a year motorcycle taxi industry and creator of the Moto-Meter, Wheelies, and Yes. World Moto has created a new mobile medium by inventing the Wheelies and revolutionized the taxi industry by inventing the Moto-Meter, "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."
Watch the Moto-Meter in action on motorcycle taxis: http://www.worldmoto.com/videos.php
Watch Wheelies at: http://www.evenbiggerthing.com
Watch Yes: http://www.worldmoto.com/yes.php
Visit the community at: http://www.facebook.com/worldmoto
To find out more about World Moto, Inc. (OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY), visit the Company's website at www.worldmoto.com and Facebook page at www.facebook.com/worldmoto. 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.
Notice Regarding 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, projections of worldwide sales of World Moto, Inc's products and global markets. 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.
Outstanding News! The company has closed a deal!
They have a lot of interest in the Wheelies, this has global potential !
Looks like its just some people want to stir the pot today.
The stock is showing some movement from some investors selling and buying.
Great volume !
Looking at L2 , it looks good !
Nice LINK! Shows they are getting the message out.
They are pushing the advertising capabilities of the Wheelies real strong. I see that as a smart move on World Moto part. Advertising is a big deal globally. If you think advertisers are not going to love this idea then you don’t know that businesses will advertise on most anything anywhere. Walk or drive down the street and start to take notice of where the advertisements are and how many are around.
A big part of making advertising work is to capture the attention of future customers. The Wheelies are certainly an eye catcher.
Wheelies have the potential to be a great hit commercially and for the retail consumer.
Looks like a bright future ahead for the Wheelies!
Wheelies picture from the Trade show
They Look Excellent!
A picture and comments from the World Moto Facebook page:
--------------
"This previously unpublished photo was taken at the trade show."
"The black bands seen on the wheel in this photo are actually not visible when viewing the display in person. The retail product will have double the resolution."