CIAU - Ciao Group Announces Initial Currency Offering Optimism After $400 Million Raise Reported By Wall Street Journal
July 11 2017 - 9:02AM
InvestorsHub NewsWire
Dallas, TX - July 11, 2017 - InvestorsHub NewsWire - - Ciao Group, Inc.
(USOTC: CIAU) today announced an optimistic
outlook for its Initial Currency Offering
(ICO) plans announced last week as part of its
Blockchain Frontier Markets Strategy. An article recently
published by the Wall Street Journal
reported, “Two obscure companies with no sales raised nearly
$400 million combined in recent days from outside investors.”
The article goes on to explain how the money was raised through
each company’s ICO. Aubrey Brown, the CEO of Ciao Group
stated, “We have been working over the last year to bring increased
liquidity to USD $530 Billion in African publically traded company
market capitalization. We intend to issue a Blockchain
secured Cryptocurrency in conjunction with making African Stocks
accessible and attractive to US investors. The Wall Street
Journal reported $400 million raised through two ICO’s lends
substantial credibility and optimism to our Ciao ICO plans.”
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 two acquisitions
anticipated soon. Look for regular updates to the collaboration
agreement announced today on the websites of both Ciao Group /
NuMelo Technology and Hub Culture.
http://www.numelotechnology.com
http://www.otcciau.com
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