DALLAS, TX / ACCESSWIRE / December 18, 2014 / Ciao Group Inc., (OTC:CIAU), today announced that it acquired Image Access, Inc. ("Image") and Global Axiom Services, LLC ("Global") for a total of 1,500,000 common shares of the Company. The Company bought Global and Image because of the licenses they hold.
Global holds a Mobile Virtual Network Aggregator ("MVNA") contract which gives it fundamental access to wireless communications and broad band services throughout North America.
Image has a license to operate as an Eligible Telecommunication Carrier "ETC" through the government assisted Lifeline Program and a Competitive Local Exchange Carrier "CLEC".
With the MVNA of Global and the licenses held by Image, the Company will maintain its focus through these subsidiaries on providing a premier delivery platform for customer emergent services including basic education, workforce preparedness, computer technology skills, credit responsibility and e-wallet services. We will also continue to expand our service offerings to include government assisted broadband, as well as other value added services as they become available.
The state licenses currently held under the CLEC are: Alabama, Arkansas, Florida, Georgia, Indiana, Kentucky, Louisiana, North Carolina and South Carolina.
The state licenses currently held under the ETC Lifeline Program are: Alabama, Louisiana, North Carolina and South Carolina.
Ciao will now be able to provide low-cost communications and mobile wireless to lower income individuals or people that qualify. In addition, the MVNA license will give Ciao entry to the wholesale market and expand their capabilities to other carriers including Verizon. This will allow Ciao to be a full MVNA / MVNE enabling other MVNOs in the US market and potentially abroad.
Ciao Group Inc., (OTCQB: CIAU) is an innovative communications company which serves a wide range of markets. Many organizations depend upon Ciao to understand, optimize and consolidate their mobile IT infrastructure. Ciao delivers new and innovative software solutions that overcome legacy application limitations and deliver increased productivity and cost effectiveness.
Additional information is available about Ciao Group Inc. and the products and services provided by Ciao subsidiaries and affiliates at http://ciaotelecom.com.
Ciao Intellectual Property. All rights reserved. CIAO, the CIAO logo and all other marks contained herein are trademarks of CIAO Intellectual Property and/or CIAO affiliated companies. All other marks contained herein are the property of their respective owners.
Contact:
Ciao Telecom Inc.
Victor Santos
(855) 772-8189
SOURCE: Ciao Group Inc.