CIAU Initial Coin Offering (ICO) Could Top Bitcoin Ethereum And Dash
June 27 2017 - 8:30AM
InvestorsHub NewsWire
AUSTIN, TX - June 27, 2017 - InvestorsHub
NewsWire - Wolf Wrangler
Ciao Group, Inc. (USOTC:
CIAU) recently entered the cryptocurrency and
blockchain sector with a strategy to penetrate a target market that
could make a CIAU Initial Coin Offering (ICO) the biggest one yet
and see a CIAU cryptocurrency with a market capitalization greater
than Bitcoin, Ethereum or Dash.
CIAU has come to the cryptocurrency and
blockchain market after the major bugs of the technology have been
identified and targeted for correction. CIAU has timed its
entry to coincide with a market development stage where momentum is
approaching critical mass with a substantial number of investors
having had an opportunity to grasp the dynamics surrounding how a
cryptocurrency works, and what a blockchain or hyper-ledger does to
enable a reliable cryptocurrency.
Now, with ideal timing, CIAU is targeting
a specific sector that just might hold the single greatest source
of potential for benefiting from a secure cryptocurrency.
CIAU is focused on delivering a cryptocurrency that empowers the
economies of frontier economies by giving frontier economies access
to the basic financial products enjoyed by already developed
economic regions.
CIAU’s CEO Explains The Frontier
Market Opportunity For Basic Financial Products
“Frontier economies around the world lack
access to most of the financial products routinely available to
consumers, businesses and governments within developed economic
regions,” explained Aubrey Brown, CEO of Ciao Group. “Mortgage
loans, credit cards, business insurance, working capital loans and
government bonds are some of the basic financial tools for building
any economy … With a standardized and trusted transaction platform,
Frontier markets around the world can have access to the existing
financial products already available within Developed
economies.”
CIAU’s Initial $530 Billion
Target Market Strategy
“The African continent has $530
billion in public market capitalization across multiple national
exchanges separate from the nearly $1
trillion in public market capitalization within South Africa alone
… The Ciao Group management team has spent considerable time on the
African continent over the past year developing the opportunity to
connect the $530 billion in public market capitalization seamlessly
with trading platforms in the United States … African public
stocks from multiple African countries traded in a single
Cryptocurrency on US trading platforms cleared through DTCC
accepted Blockchain transactions could monumentally increase the
liquidity of investments in African public companies, and give the
average individual US investor new access to the extraordinary
growth opportunities only found within Frontier
markets.”
900% PPS Increase In 30 Days To $100 Million Market
Capitalization
In the last 30 days since CIAU came public with its yearlong
efforts in Africa, the Company’s stock price has increased 900%
from $0.05 to reaching a high of $0.50 with a market capitalization
exceeding $100 million. The Company’s progress remains
largely undiscovered as of yet by the market with the average daily
trading volume at only about 50,000 shares per day. Only a
handful of market makers are currently active in the
stock.
Low Float, No Reverse Or Forward Split And Substantial
Share Retirement Anticipated
The Company CEO recently reported, “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 has announced a “refreshed
business plan” concentrating on developing locally sourced
technology and telecommunication services within frontier and
emerging economic markets. The Company also reports an
impending name change underway to NuMelo
Technology.
You can learn more about Ciao Group /
NuMelo Technology on the Company’s website:
www.numelotechnology.com
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.
WW Murphry
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