CIAU Introduces Business To Win What Google And Facebook Are Losing And What Sprint And Verizon Are Missing
18 March 2017 - 12:50AM
InvestorsHub NewsWire
New York, NY -- March 17, 2017 --
InvestorsHub NewsWire -- Ciao
Group, Inc. (USOTC:
CIAU) just announced a business plan refresh to pursue
an underserved $1.5 trillion market
opportunity. The business plan refresh is marked
by the Company’s planned corporate name change to NuMelo Technology. Under new
management, the Company has zeroed in on a huge and overlooked
telecommunications market segment – internet, phones and television
for the frontier and emerging market.
The global population is over 7 billion
and only about 1.5 billion of the population live within developed
economic regions. That leaves well over 6 billion living
within frontier and emerging market regions. Large telecom
providers to include Sprint (NYSE: S)
and Verizon (NYSE: VZ) and the rest of them are failing to offer price competitive
products.
Without internet and smartphones,
Facebook (NASDAQ: FB) and Google (NASDAQ:
GOOG) are not getting penetration into the frontier and
emerging market consumer. The European giant Telecom,
Vimplecom (NASDAQ:
VIP) has already identified Facebook and Google’s
weakness in the frontier and emerging market sector and rebranded
themselves under a new name, VEON, with a strategy to exploit
Facebook and Google’s failings. In the end, their services
will likely be overpriced and they will fail to gain
traction.
Aubrey Brown, the new CEO of Ciao
Group/NuMelo Technology, has spent his career developing, selling,
and managing technology and telecommunication services within
frontier and emerging markets. He’s spent a substantial
portion of his career living in various emerging markets and
managing technology and telecommunication businesses. He’s
also spent a good portion of his career living and working in
Silicon Valley where he has managed multiple
technology and telecommunication start-ups for notable
Silicon Valley investors.
According to the press release just
published by the Company, Brown has already identified his first
two acquisitions and he already has Silicon Valley
investment backing. Ciao/NuMelo is acquiring local technology
and telecommunication providers resident within frontier and
emerging markets in order to introduce cost competitive internet,
smartphone and television services and the various applications
that go with those services.
With 6 billion underserved consumers,
combined with Aubrey Brown’s experience, and Silicon Valley
backing, all put together in a smart and simple business plan, CIAU
stock currently priced under $0.10, is one to watch. News
with a big number in the headline published on a major newswire
came out yesterday. $0.01 plus bids stacked up with no
takers. The offer stayed at $0.10. CIAU doesn’t look to
have any overly hungry sellers. Let’s see at what price the
trading will start. We’re betting wherever it starts, it’s
going to climb rapidly.
Read CIAO’s press release from yesterday
for yourself:
CIAO Group Announces Plan To Pursue $1.5
Trillion Communications Market Sector
Check out CIAO’s website: www.numelotechnology.com or 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
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