BANGKOK, THAILAND--(Marketwire - Jan 9, 2013) - World Moto, Inc. (
Located in the northern Minas Gerais state, Montes Claros is considered the "motorcycle taxi capital" of northern Brazil and an ideal city to launch the Moto-Meter. The Company anticipates that a regulatory mandate here will act as a springboard into the enormous markets of Brazil's other highly populated cities.
South America represents one of the largest markets for World Moto, Brazil being the largest opportunity in South America. The Brazilian association of motorcycle manufacturers, Abraciclo, estimates that there are more than 1.8m motorcycle taxis and moto couriers operating throughout Brazil which presents a potential market to World Moto of approximately $300m on the sales of meters alone.
Note that saturation of the Moto-Meter is projected to reach 100% within three years 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 "Effective regulation in Montes Claros will create a domino effect throughout Brazil and other Latin American countries."
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
To find out more about World Moto, Inc. (
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