|By Marketwired .||
|December 23, 2013 07:00 AM EST||
NEW YORK, NY -- (Marketwired) -- 12/23/13 -- World Moto, Inc. (OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY) ("World Moto" or the "Company") is pleased to announce that the Eastern Asian Society for Transportation Studies (EASTS) has just published a study that highly recommends all motorcycle taxis be equipped with meters. Changing the way the world goes around, World Moto is a global authority on the $500 billion dollar motorcycle taxi industry and inventor of the Wheelies and the Moto-Meter, the world's first motorcycle taxi meter.
The Eastern Asian Society for Transportation Studies is an umbrella organization consisting of transportation science societies from 13 East Asian countries including Australia and New Zealand. The constituent societies boast representatives from governments, major academic institutions, and industry leaders in the transport sector. In addition to an annual periodical, they also host bi annual conferences which are regularly attended by as many as 1000 transport specialists from around the region.
The paper by Tuan et. al. was published in the Proceedings of the Eastern Asia Society for Transportation Studies, Vol.9, 2013 and concentrates on the policy considerations of motorcycle taxi services in Vietnam and other Southeast Asian countries. A primary focus of the study is to highlight the inefficiencies in the existing motorcycle taxi industry, and the paper explains that many of these can be addressed by adopting the Moto-Meter. In addition, it mentions many valuable enhancements that can be offered through innovative service models, such as World Moto's Yes service. The study concludes by stating that it is "highly recommended that motorcycle taxis shall be equipped with meters to solve the problem of complicated fare negotiation."
Paul Giles, CEO, stated, "We are greatly pleased that our technology has been recognized and mentioned by name in such a prestigious publication, and in a venue that has such high visibility with transport specialists and government ministers throughout the region. This is precisely the kind of independent credibility and analysis that government agencies use to formulate policy, for instance, when they consider legislation mandating the use of the Moto-Meter."
Watch World Moto's new Christmas video at: http://www.youtube.com/watch?v=nXONf1xRaKI
About World Moto
World Moto, Inc. is the global authority on the $500 billion a year motorcycle taxi industry and creator of the Moto-Meter, Wheelies, and Yes. 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 the Moto-Meter in action on motorcycle taxis: http://www.worldmoto.com/videos.php
Watch Wheelies at: http://www.evenbiggerthing.com
Watch Yes: http://www.worldmoto.com/yes.php
Visit the community at: http://www.facebook.com/worldmoto
To find out more about World Moto, Inc. (OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY), visit the Company's 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.
World Moto, Inc
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