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Hello Everyone,
FARE is holding strong at these levels and saw some heavy accumulation today. This is the type of action that we like to see right before a massive takeoff.
FARE just announced after market today that it's trial in Bangkok was extremely successful and received praises from both passengers and drivers. Bangkok's Deputy Governor, Mrs. Taya Teepsuwan, acknowledged that "The Moto-Meter is an exciting project that will be an innovative step for Bangkok."
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 sales of the Moto-Meter 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 $100M.
You can view the full press release here:
finance.yahoo.com/news/...letes-successful-moto-210500726.html
World Moto is among the rare company that we've profiled at such low prices with so much room for growth. The last company we profiled at these prices saw its share soar over 400%!
In our opinion,this is a great time to consider FARE for your portfolio while it is still undiscovered by Wall Street!
If you missed our initial profile on World Moto Inc. please read below:
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."
The World Bank expects the number of motorcycle taxis to increase by 50% in the next 5 years bringing the current estimates of 20 million motorcycle taxis to over 30 million in just a few years.
It has been estimated that the motorcycle taxi industry is generating almost $500 billion a year. FARE CEO Paul Giles stated, "It is almost inconceivable that an industry approaching 1% of the entire global GDP was still in search of a brand. Rarely in history has such a giant vacuum existed."
World Moto Inc. also announced this morning that the market in Lagos alone could generate north of $150M. in sales. This number does not even consider the other markets where hundreds of millions could be achieved!
FARE holds serious potential to be worth dollars per share if their device becomes a standard in the motorcycle taxi industry!
Don't miss the chance to be part of FARE, shares are getting very active and this could be the last time we see it trades below 20 cents!
Your AwesomePennyStocks Editor.