World Moto Inc. (fka FARE)

[Twincity87]

Just a heads up :)
Yahoo post
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.