CIAO Group, Inc. (OTC Pink: CIAU), soon to be renamed NuMelo Technology, Inc., is an acquisition & development company, which focuses on telecommunications, Bitcoin/blockchain, and more. Shares of the acquisition & development company are soaring 100%, through afternoon trading on Tuesday, June 6, 2017. Over the past month, CIAO Group, Inc. has seen average daily volume of 3,068 shares. However, volume of 292,724 shares or dollar volume of $52,661, has already exchanged hands on Tuesday.
Shares of CIAO Group, Inc. are soaring today, after the company announced that it has named Alternet Systems, Inc. (OTC Pink: ALYI)’s Henryk Dabrowski to the ccompany’s Board of Directors. Mr. Dabrowski will lead the company’s new Bitcoin and Cryptographic Enterprises Division. In addition, the company continues to move forward with officially changing its name to NuMelo Technology, Inc., and refresh its business model. Here is the full press release detailing of the new appointment:
CIAO Group, Inc. Press Release:
DALLAS, June 6, 2017 /PRNewswire/ –CIAO Group, Inc. (USOTC: CIAU) today announced bringing Henryk Dabrowksi on board to lead the Company’s new Cryptographic Enterprises Division. 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. Utiba remains today as one of the leading mobile financial remittance systems in the world. Mr. Dabrowksi will now lead CIAU’s development of Blockchain and Bitcoin solutions in addition to pursuing other cryptocurrency and cryptographic technology enterprise solutions for CIAU. CIAU’s new, recently announced, Cryptography Division is headquartered in the heart of Silicon Valley in San Jose.
Mr. Dabrowksi Comes To CIAU As ALYI Enters Into Deals With USMJ and LEXG
Mr. Dabrowksi becomes available to CIAU as his Company, ALYI begins a business focus transition. ALYI recently announced an update to a planned transaction with North American Cannabis Holdings, Inc. (OTC PINK: USMJ). USMJ and ALYI have reached an agreement for USMJ to acquire an ALYI retail industry Point of Sale (POS) technology. USMJ will conduct pilot market testing of the technology specifically as a Cannabis POS system with plans to prepare the technology for a future spinoff and independent listing as a Cannabis POS system solution provider. In the meantime, ALYI has entered into an agreement to go acquire a private Lithium Intellectual Property Company that has entered into a strategic agreement with Lithium Exploration Group, Inc. (USOTC:LEXG), among other strategic developments.
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.
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.