BANGKOK, THAILAND--(Marketwire - Jan 4, 2013) - World Moto, Inc. (
Fast Company Magazine's full article titled "Introducing the First Real Taxi Meter Innovation in 100 Years" refers to the Moto-Meter as "a $3 billion dollar idea... Meet the taxi meter that would take over the world... The market for the device is potentially enormous." The magazine was launched in November 1995 by Allen Webber and Bill Taylor two former Harvard Business Review editors, and publisher Mortimer Zuckerman. In 2000, Zuckerman sold Fast Company to Gruner and Jahr, majority owned by media giant Bertelsmann for $30 million. At the time this was the second largest amount for any US magazine in history. Fast Company remains a prominent technology publication following the world's most exciting new companies and technological advances.
The Company is also pleased to announce that Wired Magazine has featured World Moto in its award winning magazine. Wired is a full-color monthly American magazine and on-line periodical, published since January 1993, that reports on how new and developing technology affects culture, the economy, and politics. Owned by Condé Nast Publications, it is headquartered in San Francisco, California.
The Moto-Meter is a landmark device that CNN, Newsweek, and Moneylife, among others, are calling "the world's first motorcycle taxi meter" and "world's first portable taximeter" and "first ever black box for motorcycles" while the Concept Times named it "one of the most significant inventions of this decade."
World Moto CEO Paul Giles commented, "$3 billion is just the beginning of the industry World Moto can penetrate; as well we are proud to have attracted coverage from such prestigious names and can expect more as we execute our business plan to claim the $500 billion motorcycle taxi industry."
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 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. (
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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.