World Moto announced that it has signed a memorandum of understanding for distribution of the Moto-Meter throughout Sri Lanka. The MOU authorizes the Sri Lankan distributor to immediately begin marketing the Moto-Meter in the assigned territory as an authorized partner of World Moto, and allows him to purchase the Moto-Meter at a specified price, with preferred lead times for orders of initial stock. The distributor has influence on the boards of two Sri Lankan transportation providers, VGO and Airport Express, and intends to provide an integrated solution for the entire Sri Lankan market by combining the strengths of both smartphones and the Moto-Meter.