Las Vegas, NV -- (SBWIRE) -- 01/13/2013 -- Net Profits Ten Inc (OTC:FARE) has moved in strong bullish manner in last one the week. The share price rallied from $0.17 to reach its high or $0.328 on Tuesday, January 8th, 2013, however today the stock price has witnessed correction as investors have opted for profit taking. The movement of FARE has been backed by strong volume figures in the recent days.
The Thai manufacturer of Moto-Meters intends to transform the $500 billion motorcycle taxi industry by inventing the Moto-Meter, a breakthrough device that CNN and Newsweek among others, called "the world's first motorcycle taxi meter" and "world's first portable taxi meter" and "first-ever black box for motorcycles," while the Times regarded it as "one of the most significant innovations of this decade.
2013 is expected to be a big year for World Moto Inc. as stock price has shown decent growth in start of this year. The company has recently opened its North African regional office in Lagos Nigeria where distributors and taxi operators have shown strong interest in Moto-Meter.
Moreover, Fast Company Magazine referred World Moto’s “Moto-Meter” as “a $3 billion dollar idea… Meet the taxi meter that would take over the world and the market for the device is potentially enormous”
To find out what OTCMAGIC projects for World Moto Inc for both short term and long term please click here: FARE
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