World Moto Begins Moto-Meter™ Shipments

NEW YORK, Oct. 5, 2015 /PRNewswire/ -- World Moto, Inc. FARE WM (BERLIN: A1J8SY) ("World Moto" or the "Company"), a leader in advanced solutions for motorcycle taxis and on-demand transport, today announced that it has begun to ship and fulfill purchase orders for the Moto-Meter™. The first units are headed to Jambi, Indonesia, on the island of Sumatra. The population of Indonesia exceeds 250 million people, and the archipelago is home to more than 1.2 million motorcycle taxis.

"This inaugural shipment of Moto-Meters is a major milestone," said Paul Giles, CEO of World Moto. "As our revolutionary meters become increasingly prevalent in major cities throughout Asia, Africa and South America, we're confident they will fundamentally transform the motorcycle transport industry, bringing safety, security and efficiency to divers, passengers and fleet operators around the world."

The Moto-Meters are being shipped to customers in Asia and Africa, who will then introduce the device into countries representing a total market of more than $500 million USD. The Company estimates that after introduction to a region, demand for the Moto-Meter™ will continue to grow, taking approximately three years to reach market saturation. The life expectancy and repurchase cycle of a Moto-Meter™ is estimated at three years.

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About World Moto
World Moto is a technology company that designs, manufactures, markets and sells Moto-Meter products, devices that provide moto-taxi fare metering and other communication capabilities. The Company's Moto-Meter patents have been granted in 4 countries, with applications pending in another 56 jurisdictions. World Moto's products and services include the Moto-Meter™, arguably the world's first motorcycle taxi meter, Wheelies™, which display static and streaming media content on the wheels of motorcycles and automobiles, and Yes™, an e-hailing and on-demand services app. For more information on World Moto, please visit World Moto's website at www.worldmoto.com.

Community
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Video Channel: http://www.youtube.com/user/worldmoto

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, release of HailYes™ apps, global ride-hailing market, growth of platform, target markets, product releases, product demand and, business strategy. 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.

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.

Investor Contacts
KCSA Strategic Communications
Phil Carlson / Allison Monat
pcarlson@kcsa.com / amonat@kcsa.com

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SOURCE World Moto, Inc.