DALLAS, March 24, 2017 /PRNewswire/ --
Ciao Group, Inc. (USOTC: CIAU) today announced that the Company has initiated interviewing PCAOB certified audit firms and recognized securities law firms in conjunction with the Company's plans to uplift to NASDAQ. The Company has two acquisitions in the works now in conjunction with the recently refreshed business plan to deliver locally-sourced telecommunication services within frontier and emerging markets. These two acquisitions are the first of a series of acquisitions to build a substantial footprint within the $1.5 trillion global communications market sector.
Company CEO, Aubrey Brown reports, "We plan to make these first and ongoing acquisitions in conjunction with the services of a PCAOB audit firm and legal representation recognized for their work with NASDAQ listed companies. A corporate name change to NuMelo Technology is underway now to reflect our refreshed business plan, and our serious intent to introduce a first-of-its-kind frontier and emerging market telecommunications solution provider to NASDAQ."
CIAU currently discloses operational information under the OTC Market Current Information Standard which does not require an audited financial report from a PCAOB registered auditor to be filed with the Securities and Exchange Commission. CIAU is making the long-term commitment to upgrade its disclosure standards to meet NASDAQ requirements which require audited financial reporting with the Securitas and Exchange Commission.
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 Technology 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.
Contact NuMelo Technology:
SOURCE Ciao Group, Inc.