CIAU - CIAO Group Expects To Add Over $1 Million In Annualized Revenue Within 60 Days
April 20 2017 - 08:54AM
InvestorsHub NewsWire
Dallas, TX – April 20, 2019 – Ciao Group, Inc.
(USOTC: CIAU) today announced plans to acquire a
telecommunications operational support system (OSS) company with a
10-year operating history providing network management and billing
services to emerging market carriers. The average annual
revenue of the OSS company is $1.2 million. Management
anticipates closing the acquisition within the next 60
days.
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.
As one component of its frontier and
emerging economic market focus, the Company has zeroed in on the
locally source mobile vertical network operator (MVNO)
market. The Company is in negotiations with MVNO companies in
Africa, South America and Asia. As part of a strategic effort
to efficiently develop the frontier and emerging MVNO market, the
Company plans to acquire technology solutions that will empower
MVNO companies. The target OSS company acquisition announced
today is an example of the type of MVNO supporting technology
solutions Ciao plans to acquire. The Company has recently
announced a similar target acquisition.
Management anticipates the approximate
$1.2 million in average annual revenue that comes with the target
acquisition announced today will rapidly ramp up exponentially as
more frontier and emerging market MVNO’s are signed in conjunction
with Ciao’s aggressive marketing campaign.
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