New York, NY -- (ReleaseWire) -- 01/25/2013 --World Moto, Inc. (OTC:FARE) announced on Jan 11 that the Company has successfully closed a private placement for total proceeds of $1m. The Company is delighted to have attracted and secured this level of equity funding on terms which it believes are very favorable to existing shareholders and further demonstrates the considerable potential of World Moto. Furthermore, these funds will allow the Company to continue to execute its business plan without delay.
World Moto, Inc. is the global authority on the $500 billion dollar a year motorcycle taxi industry and creator of Yes, the "Need it Now!" service.
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Organovo Holdings Inc. (PINK: ONVO) had opened at $4.51 and closed at $4.35, down 4.40 percent from its previous close of $4.55 on heavy volume. ONVO traded 3.32 M stocks in the last traded session versus a 30 day average of 1.26M.
Organovo Holdings, Inc. (Organovo), formerly Real Estate Restoration & Rental, Inc., is a development-stage company. The Company has developed and is commercializing a platform technology for the generation of three-dimensional (3D) human tissues that can be employed in drug discovery and development, biological research, and as therapeutic implants for the treatment of damaged or degenerating tissues and organs. On December 28, 2011, Real Estate Restoration and Rental, Inc.’s (RERR) entered into an Agreement and Plan of Merger, pursuant to which RERR merged with its, wholly owned subsidiary, Organovo (Merger Sub).
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