Dallas, TX – April 4, 2019 – Ciao Group, Inc. (USOTC: CIAU) today announced executing a letter of intent to acquire a Mobile Virtual Network Operator (MVNO) Provisioning Software company in Kenya. The MVNO market place is anticipated to grow to $73 Billion by 2020. Ciao is conducting business development meetings in Nairobi, Kenya this week to include a scheduled presentation to United Nations Officials of the Company’s recently refreshed business plan to develop locally sourced telecommunications services within the world’s frontier and emerging markets.
“MVNO’s play a vital role in delivering mobile network access to emerging and frontier markets,” explained Aubrey Brown, CEO of Ciao Group. “MVNO’s know the local market and how to connect with users. When an MVNO makes a sale of a mobile service, instantaneous and efficient provisioning onto a third-party network providers network is vital. With this acquisition, we will be a go to solution for not just Kenya, but all East Africa.”
The Company recently announced a pending name change to NuMelo Technology to reflect a refreshed business plan to introduce a first of its kind frontier and emerging market telecommunications solution provider. The Company also recently announced interviewing PCAOB certified audit firms and recognized securities law firms in conjunction with the Company’s plans to uplift to NASDAQ.
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.
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