Last $0.05 USD
Change Today +0.0069 / 14.65%
Volume 114.0K
FARE On Other Exchanges
As of 12:18 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

world moto inc (FARE) Snapshot

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12/3/13 - $0.12
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world moto inc (FARE) Details

World Moto, Inc. designs, develops, manufactures, and markets the Moto-Meter products that provide moto-taxi fare metering and other communication capabilities primarily in Thailand. The company also focuses on the development of Wheelies, an advertising product that displays static and streaming media on the wheels of motorcycles and automobiles. It sells its products through social media, direct sales, and trade shows. World Moto, Inc. is based in Pathumthani, Thailand.

12 Employees
Last Reported Date: 09/12/14

world moto inc (FARE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $84.1K
Principal Financial Officer, Principal Accoun...
Total Annual Compensation: $11.9K
Chief Technical Officer
Total Annual Compensation: $67.3K
Compensation as of Fiscal Year 2013.

world moto inc (FARE) Key Developments

World Moto Inc. announced delayed 10-Q filing

On 08/14/2014, World Moto Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

World Moto Inc. Establishes Joint Venture for Wheelies Advertising with Forever Network Co., Ltd

World Moto Inc. announced that it has signed a letter of intent with Forever Network Co., Ltd. to establish a joint venture with exclusive media advertising rights for Wheelies in Thailand. The agreement is for one year and subject to certain terms and conditions. Forever Network will provide the sales and marketing of third party advertising campaigns, and supply such items as the motorcycles, creative designs and customer support. World Moto will supply the Wheelies(TM) technology and maintenance. World Moto has currently built 10 Wheelies for the first 10 motorcycles, which are expected by mid July 2014. World Moto will continue building additional Wheelies(TM) as media campaigns are launched and expanded throughout Thailand. Forever Network anticipates the need for up to 200 Wheelies(TM) in the next 12 months. World Moto will receive 45% of all profits from the joint venture. The company intends to replicate this model in many other regions around the world.

World Moto to Prepare Verification Build on Moto-Meter(TM)

World Moto Inc. announced that it is preparing to commission the verification build for its product, the Moto-Meter(TM). The verification build, or v-build, is the first automated assembly process of a production electronic device. The build usually encompasses between a few dozen to as many as 100 units. The goal of the v-build is to establish a reliable factory process that can be used to produce thousands of units with high yield and repeatable, high quality. Where mature assembly processes may experience production yields of 99% or more and at rates exceeding many thousands of units per day, the v-build typically results in only a few units per day as assembly line matters are sorted out, components are inspected, operators are trained, and testing procedures are refined. Over the coming weeks, the Company will work closely with its manufacturing partner, DMC Corp. (154) Co. Ltd., to complete the verification build and slowly ramp up production and distribution to qualified customers. The first units available from the v-build will be sold directly to motorcycle taxi fleet operators who have expressed a strong interest in working with the Company to authenticate the rugged design and suitability of purpose for which the Moto-Meter(TM) was constructed.


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