CIAU Announces LOI To Acquire Kenyan MVNO Provisioning Software Company To Enter $73 Billion Market
April 04 2017 - 8:30AM
InvestorsHub NewsWire
CIAO Group
Announces Letter Of Intent To Acquire Kenyan Mobile Virtual Network
Operator Provisioning Software Company To Enter $73 Billion
Market
Dallas, TX -- April 4, 2017 -- InvestorsHub
NewsWire -- Ciao Group, Inc. (USOTC:
CIAU) today announced executing a letter of intent to
acquire a Mobile Virtual Network Operator (MVNO) Provisioning
Software company in Kenya. The MVNO market place is
anticipated to grow to $73 Billion by 2020. Ciao
is conducting business development meetings in Nairobi, Kenya this
week to include a scheduled presentation to United Nations Officials of the Company’s recently refreshed
business plan to develop locally sourced telecommunications
services within the world’s frontier and emerging
markets.
“MVNO’s play a vital role in delivering
mobile network access to emerging and frontier markets,” explained
Aubrey Brown, CEO of Ciao Group. “MVNO’s know the local market and
how to connect with users. When an MVNO makes a sale of a
mobile service, instantaneous and efficient provisioning onto a
third-party network providers network is vital. With this
acquisition, we will be a go to solution for not just Kenya, but
all East Africa.”
The Company recently announced a pending
name change to NuMelo Technology to reflect a refreshed business
plan to introduce a first of its kind frontier and emerging market
telecommunications solution provider. The Company also
recently announced interviewing PCAOB certified audit firms and recognized securities law
firms in conjunction with the Company’s plans to uplift to
NASDAQ.
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 the two acquisitions
anticipated in the near future.
www.numelotechnology.com
www.otcciau.com
About NuMelo Technology, Inc:
NuMelo Technolgy is dedicated to
discovering and developing innovative technology within the world’s
emerging and frontier markets. NuMelo brings the experience and resources to
identify communication technology innovators within the worlds
emerging and frontier markets and develop with them marketing and
capitalization strategies to overcome the hurdles identified by the
World Bank currently hindering the proliferation of emerging and
frontier telecommunication services to achieve the corresponding
alpha return potential.
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.
Contact NuMelo Technology:
Info@otcciau.com
1-866-294-9306