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.