Dear Sir:
Here is a copy of the company's statement.
We are working on filing our 10KSB which is taking longer than expected due to the sudden resignation of our CFO who left for personal reasons and not because of any disagreement with the Company. We do not have a time frame as yet, but are being diligent in our efforts to complete in as timely fashion as possible.
Operationally, things are good. We have a number of operators testing Moto-Meter units in different parts of the world, putting them through rigorous testing. We are also fulfilling smaller orders and quoting on others. Interest in the Moto-Meter has increased by the numbers of inbound requests we are receiving for additional information. An advertising campaign is being designed for the HailYES app for Bangkok, and we are going through some market testing on the ads before wider distribution.
We feel that the market is about to turn in our favor in a number of jurisdictions that are looking to regulate motorcycle taxi fares. While we have stated this in the past, Uber is forcing many jurisdictions to re-examine their commitments made in the past to regulate. We know that the average North American may not understand how things move at different speeds in some countries, and we hope that our shareholders remain patient as we forge ahead.
We expect to be releasing some news in the short future, and will continue to keep our shareholders updated.
Regards,
Patrick Smyth - Corporate Advisor
www.worldmoto.com | World Moto Inc. | OTC: FARE
