BANGKOK, THAILAND--(Marketwire - Dec 21, 2012) - World Moto, Inc. (
Lucky is a national distribution company based in Thailand, a potential market for World Moto in excess of $100 million in Moto-Meter sales alone. Lucky's regional network currently provides parts and service for motorcycles and is also a preferred supplier for the Motorcycle Taxi Association of Thailand.
Under the terms of the agreement, Lucky has the non-exclusive rights to distribute, sell and service the Moto-Meter and Moto-Meter accessories throughout the country of Thailand and surrounding border markets. World Moto will retain the rights to advertising, software and complementary commerce services such as Yes.
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 commented, "Lucky Distributors currently has an excellent reputation and relationships within the motorcycle taxi community and they were a natural partner to represent the Moto-Meter in Thailand."
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 the Moto-Meter in use on motorcycle taxis: http://www.worldmoto.com/videos.php
Watch Yes: http://www.worldmoto.com/yes.php
To find out more about World Moto, Inc. (
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