World Moto Inc (fka FARE)

[Jeep_Guy]

We foolishly expected too much through the development stage?

12/17/2012 -

"World Moto" or the "Company" is pleased to announce the unveiling of the Company's strategy to roll out its revolutionary Moto-Meter and unique Yes service into untapped global markets...

Development of the Moto-Meter commenced in 2009 to professionalize the $500 billion dollar a year moto taxi industry...

Commercial development of Yes began in 2012 after more than 3 years of extensive research...

Having successfully raised sufficient funds in November through a private placement of ordinary shares, the Company has commenced targeting markets in Asia, Africa and Latin America. The Company is well advanced in the development of key relationships in a number of carefully selected countries in these target areas in preparation of launching an aggressive sales and marketing campaign. Primary focus is being given to locations with the highest concentrations of operators such as Bangkok, Thailand, a city that has more motorcycle taxis than there are taxicabs in the entire USA. Globally, over the last decade there has been a spectacular growth in the use of motorcycle taxis and according to the World Bank in 2011 "their number is expected to increase by more than 50 percent in the next 5 years...

http://ih.advfn.com/p.php?pid=nmona&article=55497701

The PR's that were released 3 years ago implied these products were ready to launch. Other PR's gave expectation of sales beginning in 2013.