New York, NY -- March 17, 2017 -- InvestorsHub NewsWire -- Ciao Group, Inc. (USOTC: CIAU) just announced a business plan refresh to pursue an underserved $1.5 trillion market opportunity.  The business plan refresh is marked by the Company’s planned corporate name change to NuMelo Technology.  Under new management, the Company has zeroed in on a huge and overlooked telecommunications market segment – internet, phones and television for the frontier and emerging market. 
 
The global population is over 7 billion and only about 1.5 billion of the population live within developed economic regions.  That leaves well over 6 billion living within frontier and emerging market regions.  Large telecom providers to include Sprint (NYSE: S) and Verizon (NYSE: VZ) and the rest of them are failing to offer price competitive products. 
 
Without internet and smartphones, Facebook (NASDAQ: FB) and Google (NASDAQ: GOOG) are not getting penetration into the frontier and emerging market consumer.  The European giant Telecom, Vimplecom (NASDAQ: VIP) has already identified Facebook and Google’s weakness in the frontier and emerging market sector and rebranded themselves under a new name, VEON, with a strategy to exploit Facebook and Google’s failings.  In the end, their services will likely be overpriced and they will fail to gain traction.
 
Aubrey Brown, the new CEO of Ciao Group/NuMelo Technology, has spent his career developing, selling, and managing technology and telecommunication services within frontier and emerging markets.  He’s spent a substantial portion of his career living in various emerging markets and managing technology and telecommunication businesses.  He’s also spent a good portion of his career living and working in Silicon Valley where he has managed multiple technology and telecommunication start-ups for notable Silicon Valley investors. 
 
According to the press release just published by the Company, Brown has already identified his first two acquisitions and he already has Silicon Valley investment backing.  Ciao/NuMelo is acquiring local technology and telecommunication providers resident within frontier and emerging markets in order to introduce cost competitive internet, smartphone and television services and the various applications that go with those services.
 
With 6 billion underserved consumers, combined with Aubrey Brown’s experience, and Silicon Valley backing, all put together in a smart and simple business plan, CIAU stock currently priced under $0.10, is one to watch.  News with a big number in the headline published on a major newswire came out yesterday.  $0.01 plus bids stacked up with no takers.  The offer stayed at $0.10.  CIAU doesn’t look to have any overly hungry sellers.  Let’s see at what price the trading will start.  We’re betting wherever it starts, it’s going to climb rapidly.
 
Read CIAO’s press release from yesterday for yourself:
 
CIAO Group Announces Plan To Pursue $1.5 Trillion Communications Market Sector
 
Check out CIAO’s website:  www.numelotechnology.com  or www.otcciau.com
 
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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, amongst 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.
 
Jack Taylor
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