World Moto, Inc.: Establishes World's First Global Motorcycle Taxi Association

BANGKOK, THAILAND–(Marketwire – Dec 19, 2012) – World Moto, Inc. (OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (FRANKFURT: A1J8SY) (“World Moto” or the “Company”) is pleased to announce that it is in the process of setting up the world’s first global Motorcycle Taxi Association (“Association”). 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 Moto-Meter, the world’s first motorcycle taxi meter.

The Association will represent one of the largest associations in the world: There are an estimated 20 million motorcycle taxis operating globally and all drivers, regardless of which country they are operating in, face the same issues for such things as safety, equipment maintenance, driver training, etc. The Association will provide an organized framework for the interaction between all stakeholders in the motorcycle taxi industry. The Association’s Charter will provide opportunity and access for motorcycle taxi drivers to communicate their needs to all relevant parties, as well as provide valuable feedback on how the drivers can accommodate strategies for cooperation, and help support the sector’s rapid growth.

The Association will be a non-profit organization and consequently not generate any direct revenues for World Moto. However the Company views the establishment of the Association as an excellent opportunity to enhance the industry and further World Moto’s renown and associations in the sector. Moreover, this initiative is expected to have a positive impact on the sales of the Moto-Meter and World Moto’s other products and services.

World Moto CEO Paul Giles stated, “The founding of the first global moto taxi association symbolizes a major inflection point in the industry and opens a new chapter in its history.”

About World Moto

World Moto, Inc is the global authority on the $500 billion dollar a year motorcycle taxi industry and creator of Yes, the “Need it Now!” service. World Moto has 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 Yes: http://www.worldmoto.com/yes.php

To find out more about World Moto, Inc. (OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (FRANKFURT: A1J8SY), visit our website at www.worldmoto.com. 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.

2012-12-19 15:11:08

Source: http://www.marketwire.com/mw/release.do?id=1739537&sourceType=3