CIAOs New CEO Is Tapping Into Unrealized Technology Sector ROI
Opportunities Within Emerging and Frontier Markets With U.S.
Universities As His Point Of Entry
Dallas, Texas 10 May 2016 Ciao Group, Inc. (CIAU),
soon to finalize a corporate name change to Numelo Technology,
Inc., today released a letter to shareholders from the Companys new
CEO.
Aubrey Brown was appointed CEO and
Chairman on February 29th. He is reshaping the Companys
business plan and direction leveraging current assets and
resources. His letter today details the Companys new plan to find
emerging and frontier market founded technology firms with viable
solutions to satisfy the local opportunity to expand the the reach
and application of the internet and mobile phone network within
their resident region.
The economic growth of an emerging
or frontier market country parallels the growth in the number of
students that country sends to the U.S. and Europe. Brown plans
to tap into those emerging and frontier market students as they
return to their home countries.
NuMelo is at the right place at the right time with the right
strategy. Frontier and emerging markets are rich with untapped
talent. Frontier and emerging markets are looking to replace the
expensive technology resources coming from Western, multinational
firms. At the same time, global investment
funds are exploring frontier and emerging market diversification to
offset the lackluster performance of more traditional
investments.
The CEO Letter To Shareholders is
Available On The Companys Website
About Ciao Group, Inc. (Pending Name Change To NuMelo
Technologies, Inc.)
In conjunction with a recent change of control, Ciao Group is
transitioning under new management to leverage its regional
expertise and presence within the telecommunications market in
Brazil to refocus on the acquisition and development of disruptive
telecommunication technologies within Brazil at first and then
throughout South America with further plans to expand globally into
frontier and emerging markets everywhere.
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), and as such, may involve risks and
uncertainties. These forward looking statements relate to, among
other things, current expectation of the business environment in
which the company operates, potential future performance,
projections of future performance and the perceived opportunities
in the market. The company's actual performance, results and
achievements may differ materially from the expressed or implied in
such forward-looking statements as a result of a wide range of
factors.
Contact:
info@numelotechnology.com