Ciao Group, Inc. (USOTC: CIAU) today announced plans for an Initial Currency Offering (ICO) as part of its recently revealed Blockchain Frontier Markets Project under development over the past year with a specific initial target of bringing increased liquidity to USD$530 billion in African publicly traded company market capitalization.  Last week CIAU announced a collaboration agreement with Hub Culture to pilot a secure digital financial products marketplace constructed on Hub Culture’s digital asset service engine.  Aubrey Brown, CEO of CIAU is targeting an ICO for later this year, but caveats that the ICO date depends on the forthcoming results of the Hub Culture pilot.

Ciao Groups Refreshed Business Plan And Name Change To NuMelo Technology

Ciao Group recently announced a refreshed business plan to concentrate on developing locally sourced technology and telecommunication services within frontier and emerging economic markets.  The Company is in the process of changing its name to NuMelo Technology as part of the business plan refresh.

Learn more about Ciao Group / NuMelo Technology on the Company’s website and check back frequently to keep up with the Company’s progress to include two acquisitions anticipated soon. Look for regular updates to the collaboration agreement announced today on the websites of both Ciao Group / NuMelo Technology and Hub Culture.

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
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SOURCE Ciao Group, Inc.