BANGKOK, THAILAND--(Marketwire - Feb 11, 2013) - World Moto, Inc. (
According to the Thai Ministry of Transportation, there are over 200,000 motorcycle taxis in the city, providing potential revenue to World Moto of over $30m in Moto-Meter sales alone. The Ministry goes on to state that there are more than 700,000 motorcycle taxis across the country representing a potential market in excess of $100 million. Once the Moto-Meter is in widespread use, Bangkok will be referenced as a flagship city as the sales and marketing efforts are ramped up to enter other cities and areas across Thailand in conjunction with other major markets around the world.
The discussions are a follow on from the successful public trials which were conducted in partnership with the Bangkok Governor's Office. The trials were carried out along a prominent thoroughfare in the heart of the city and received universal praise from both drivers and passengers. Mrs. Taya Teepsuwan, Bangkok's Deputy Governor at the time of the trials, acknowledged that "The Moto-Meter is an exciting project that will be an innovative step for Bangkok."
Note that saturation of the Moto-Meter is projected to reach 100% within three years or less of introduction in any given market, and its life expectancy/repurchase cycle is estimated at three years. Market estimates do not include potential revenue from Yes services, mobile commerce, advertising, accessories, servicing, calibration and all associated offerings.
World Moto CEO Paul Giles stated, "Successful conclusion of these discussions will accelerate World Moto's path to substantial revenues."
Watch the Moto-Meter in use on motorcycle taxis: http://www.worldmoto.com/videos.php
About World Moto
World Moto, Inc is the global authority on the $500 billion 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
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