New York, NY -- (SBWIRE) -- 01/24/2013 -- World Moto, Inc. (OTCQB: FARE) is bullish after World Moto, Inc. announced that the Company has successfully closed a private placement for total proceeds of $1m on Jan 11th.
World Moto CEO Paul Giles stated, "We are pleased with this offering and its quick conclusion, especially when considering the offering price being at a premium to the current market price of our stock. These funds will ensure the successful implementation of our marketing plan."
World Moto has revolutionized the 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."
Find out how FARE will do in the upcoming trading sessions by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=FARE
Echo Automotive Inc. (OTCQB: ECAU) - formerly Canterbury Resources Inc. announced the launch of its latest product offering, a multi-mode hybrid technology aimed directly at significantly improving the economic performance of fleet operations.
The Company, in its first public display, demonstrated its proprietary hybrid electric vehicle (HEV) technology under the EchoDrive(TM) brand, along with revealing a notable shift in hybrid philosophy with the introduction of multi-power source selection capability via the implementation of a high capacity BEV mode (Battery Electric Vehicle) system option.
Echo Automotive, Inc. develops technologies and products designed for cost-effective conversion of existing vehicles into highly fuel-efficient hybrids and plug-in hybrids.
Find out more on ECAU by getting the free full report here:
WallStreetReport.net issues momentum alerts on stocks that can provide gains to day traders. WallStreetReport.net provides members with timely information and exclusive alerts on cheap and under-valued stocks in the United States with the potential to deliver gains of 100% - 200% or more. WallStreetReport.net monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals WallStreetReport.net is often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading Penny Stocks. Gain an Edge by joining the WallStreetReport.net newsletter and receiving alerts from a Pro-Active team of researchers. Wall Street Report believes traders should have a chance at successfully trading Penny Stocks and invites traders and investors to be part of the Free VIP membership.
Simply sign up for free and start receiving exclusive alerts.
Subscribe Here: http://www.WallStreetReport.net
Disclosure: WallStreetReport.net is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetreport.Net website, for complete risks and disclosures.
BlueLys, its employees, officers, directors, shareholders and affiliates, hold no positions in the above-mentioned stocks.
WALL STREET REPORT