Dallas, TX – June 28, 2017 – Ciao Group, Inc. (USOTC: CIAU) today announced plans to enter a collaboration agreement with Hub Culture to pilot a secure digital financial products marketplace constructed on a blockchain backbone and linked to a digital asset service engine managed by Hub Culture. Ciao Group recently revealed its Blockchain Frontier Markets Project, which has been under development over the past year with a specific initial target of bringing increased liquidity to USD$530 billion in African publicly traded company market capitalization. Hub Culture is a collaboration platform founded in 2002 to facilitate the needs of an increasingly global citizenship serviced by Hub Culture’s sophisticated, digitally backed “Pavilions.” Today, Hub Culture is a leader in the formation of ‘ecosystem technologies’ a set of linked and interdependent services including flagship Pavilions, 2048 fast retail, the Ven digital currency, HubID digital identity system, the Zeke.ai machine intelligence project, and the Open Audit Initiative, a blockchain audit service. Hub Culture’s HubID technology was built with inspiration from ID3’s Open Mustard Seed Framework and adheres to the 2014 Windhover Principles around individual data ownership online. Ciao Group was notably interested in working with Hub Culture based on Hub Culture’s digital currency experience. Hub Culture introduced its digital currency, “Ven,” in 2007, and has long been a leader in application uses for digital currency worldwide. Over 500 million Ven have circulated since debut with an economy of over $100 Million in related inventory, including Hub Culture Syndicates, bridge placement vehicles linked to over a dozen major digital assets and cryptocurrencies. Ven is the world’s most stable currency, with primary value tied to a diversified basket of underlying assets including fiat currencies, commodities and carbon. It trades at floating exchange rates.
These and other emerging technologies are currently being utilized at the Hub Culture Innovation Campus and Beach Club, operating in Bermuda this summer as a showcase for fintech innovation.
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.
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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