CIAU Breakout Ranking Number 1 Most Actively Traded Top PPS Gainer Over $0.05
June 07 2017 - 01:18PM
InvestorsHub NewsWire
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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