Ciao Group Engages East African Development Partners to Integrate Blockchain Solution for Planned ICO Targeting $530 Billion African Financial Markets

DALLAS, August 1, 2017 /PRNewswire/ --

Ciao Group, Inc. (USOTC: CIAU) today announced engaging East African Development Partners, a subsidiary of Restance, Inc. (USOTC: ANCE) to integrate a Blockhain solution for Ciao's Initial Currency Offering (ICO). The planned ICO is an integral part of Ciao's Blockchain Frontier Markets Project [ ] now under development for over a year. The Project's specific initial target is to bring increased liquidity to USD$530 billion in African publicly traded company market capitalization. Ciao management is currently in Kenya meeting with East African Development Partners. Ciao recently announced a collaboration agreement with Hub Culture [ ] to pilot a secure digital financial products marketplace constructed on Hub Culture's digital asset service engine. Aubrey Brown, CEO of Ciao is targeting an ICO for later this year.

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.  

Restance East African Development Partners 

Restance, through its subsidiary, East African Development Partners is pursuing several business lines in the growing economies of East Africa. The Company is developing opportunities in the region including initiatives in technology and systems integration services, utility support services, affordable housing and health products manufacturing. The Company owns a majority interest in manufacturing equipment being integrated into a health products manufacturing facility currently under development. The Company is also under contract with a Chinese real estate investment firm to develop real estate assets in East Africa.

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.

        NuMelo Technology 


SOURCE Ciao Group, Inc. & Restance, Inc.