Dallas, TX - June 7, 2017 - InvestorsHub NewsWire - Ciao Group, Inc. (USOTC: CIAU) today announced the Company was yesterday one of the top 20 PPS gainers over $0.05 on the OTC Markets.  The trading volume and the number of trades of CIAU common stock made it the number 1 most actively traded stock in the top 20 gainers.
 


The interested that resulted in yesterday’s trading came on the announcement of Henryk Dabrowksi coming on board to lead the Company’s new Cryptographic Enterprises Division to include the development of Blockchain and Bitcoin solutions.  Mr. Dabrowksi comes to CIAU after leading Alternet Systems, Inc. (USOTC: ALYI) in the development and eventual cash sale of ALYI’s subsidiary mobile financial transaction software company, Utiba Americas.

CIAU Has 4 Million In The Float And No Plans For A Reverse

“In light of the recent interest in CIAU, I feel it is important to highlight the some details of the Company’s capital structure fundamentals,” said Aubrey Brown, Ciao Group CEO. “CIAU only has 4 million shares currently in its float.  There are just over 200 million shares issued and out at this time and no plans for a reverse or forward split.  We do have an initiative underway anticipated to result in a substantial retirement of a substantial portion of the issued and outstanding.  The Company is working on a name change to NuMelo Technology.”

Ciao Group’s 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 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

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