World Moto Inc. (fka FARE)

[Richie R]

WORLD MOTO update from Paul Giles

Cut and pasted from https://www.facebook.com/worldmoto/

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September 4, 2019

World Moto shareholders:

People have asked me (Paul Giles) for an update. To keep it somewhat brief:

We developed and hand built the Moto-Meter at our office at the Thai Science Park. These were first of their kind devices and there were many technical challenges but we successfully developed the devices up to the point of production and shipped a number of hand-built units.

All of the World Moto staff worked very hard for many months without salary to bring it to fruition. The principals have stayed on for years with no pay. Unfortunately, we have not been able to launch a large production run.

World Moto simply does not have the funds required for a production run. It is that simple. If we did, we would be selling Moto-Meters like hotcakes to the countless moto-taxi operators who continue to contact us from all corners of the world. The need and market for Moto-Meters is massive and has only grown since we started, yet World Moto continues to be stuck at production/finish line before sales.

The Moto-Meter can move forward the moment a production run can be funded. We will continue to try to make that a possibility and are certainly open to all constructive proposals.

Regarding the company’s reinstatement in Nevada: One recent proposal is an offer to purchase control shares. We would much prefer control went to World Moto shareholders but I am considering this just to move World Moto forward.

We will update again with any material changes.

Sincerely,

Paul Giles