CURRENT REPORT FOR ISSUERS SUBJECT TO THE

1934 ACT REPORTING REQUIREMENTS

FORM 8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act

~~December~~January 2328, ~~2014~~2015

Date of Report

(Date of Earliest Event Reported)

CIAO GROUP, INC.

(Exact name of registrant as specified in its charter)

Nevada	333-166057	27-1897718
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

8390 LBJ Freeway, 10^th Floor, Dallas, Texas 75243

(Address of principal executive offices (zip code))

(347) 560-5040

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ]		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ]		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ]		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ]		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 28.01 ~~COMPLETION~~OTHER ~~OF ACQUISITION OR DISPOSITION OF ASSETS~~EVENTS

~~Ciao~~On ~~Group~~April 21, 2014, Specialty Contractors, Inc. ~~acquired~~(the ~~51%~~“Company”) ofentered into a Purchase Agreement (the ~~outstanding~~“Agreement”) with ~~shares~~the ofmajority ~~Money~~shareholders ~~Access~~of ~~International~~Ciao Telecom, Inc., a Nevada corporation (“~~Access~~Ciao”), ~~for~~whereby ~~3,570,000~~the ~~common~~Company acquired ~~shares~~97.8% of the ~~Company.~~issued ~~The~~and ~~Company~~outstanding ~~bought~~shares ~~Access~~of ~~because~~Ciao in exchange for the issuance of 119,999,998 shares of the ~~licenses~~Company’s ~~they~~common stock, ~~hold.~~in restricted form.

~~Money~~Ciao ~~Access~~owns ~~International~~and ~~Inc.~~operates isa antelecommunications ~~approved~~company ~~VISA~~located ~~Program~~in ~~Manager~~Dallas, ~~obtaining~~Texas. ~~the~~As ~~ISO~~a ~~provider~~result ~~qualification.~~of ~~Money~~the ~~Access~~Agreement, ~~works~~the inCompany sells mobile ~~creating~~devices, ~~developing~~mobile service plans, virtual PBX systems, calling cards, IPTV and ~~managing~~other ~~mobile~~wholesale ~~transaction~~and ~~infrastructure~~reseller ~~with~~telecommunications products and services. As a ~~knowledge~~result of the Agreement, Eugenio Santos, CEO and ~~experience~~chairman of ~~developing~~the ~~prepaid~~Board ~~card~~of CIAO, was appointed an officer and ~~programs~~director ~~supporting~~of ~~off-network~~the ~~services~~Company. Michael Goode, its director and ~~soon~~CEO, ~~will~~and ~~offer~~Charles ~~international~~Smith, ~~remittances~~its CFO, subsequently resigned.

~~Money~~Also ~~Access~~as isa ~~currently~~result ~~operating~~of the ~~TIGO VISA PREPAID Debit Card~~Agreement, ~~a co-branded product with TIGO, a large multinational cellular service provider under~~ the ~~Millicom~~Company ~~corporation,~~increased ~~who~~its ~~operates~~authorized ~~mobile~~capital ~~networks in Latin America~~ and ~~Africa.~~changed ~~The~~its ~~program~~name ~~issues General Purpose Reloadable cards~~ to ~~address~~CIAO ~~the immigrant market to provide bank accounts for store purchasing~~Group, ~~ATM withdrawals~~Inc., On ~~line~~all ~~purchasing~~as ~~and~~previously reported ~~telecommunication~~on ~~services,~~Forms ~~like~~8-K ~~International~~filed ~~Long~~by ~~Distance~~the ~~and Airtime recharges to mobile networks~~Company.

~~Money~~Update ~~Access~~on ~~has~~Form ~~extensive~~8-K ~~executive~~filing experience in distributing telecommunications products to the Hispanic market in the United States and is working to develop the CIAO Prepaid Card Program to offer a prepaid General Purpose Reloadable Prepaid Visa card in the U.S. with ~~integrated~~Updated ~~international~~Financial ~~long distance service and international money remittance to be added to the product.~~Information

AThe ~~very~~Company, ~~important~~under ~~feature~~U.S. onSecurities ~~these~~& ~~products~~Exchange isCommission ~~the~~rules, ~~capability~~was ~~for~~required ~~the~~to ~~customer~~file within 71 days a report an amended report to ~~handle~~the ~~operations~~originally ~~from~~filed ~~his~~Form ~~mobile~~8-K ~~phone~~as filed on April 25, ~~using~~2014, disclosing, among other things, financial information for its operations afor ~~Money~~the ~~Access~~previous ~~special~~two ~~applink~~years.

~~Money~~Since the ~~Access~~time ~~International~~of ~~Inc.~~the ~~has~~merger, anthe ~~agreement~~Company ~~with~~has ~~Fidelity~~been ~~Information~~working ~~Services~~with ~~(FIS~~auditors ~~Global)~~to asprepare ~~processor,~~the ~~agreements~~financial ~~with~~information ~~main reload~~that ~~networks~~is ~~such~~required asto ~~Money~~be ~~Gram,~~filed. During ~~Visa~~the ~~Ready~~process ~~Link~~of ~~and~~working ~~Green~~with ~~Dot~~the auditors, ~~and~~the aCompany ~~marketing~~encountered ~~support~~some ~~with~~significant ~~VISA~~hurdles ~~Inc.~~such as:

~~Money Access~~Prior ~~contribution~~financial tostatements ~~the~~were prepared ~~CIAO~~under ~~Alliance~~IFRS ~~will~~standards ~~bring plenty of opportunities to develop new Prepaid Card programs for different Market Segments~~ and ~~applications,~~had ~~especially~~ to ~~use~~be ~~the~~re-audited ~~Card~~under asGAAP ~~a payment tool, allowing customers to purchase many products~~ and ~~services~~ ~~from~~PCAOB ~~the mobile phone~~standards.
2The Company’s largest subsidiary is in Brazil, all the documents are in Portuguese and many of them had to be translated for the lead U.S. auditor which has a tedious and time consuming process.
The original auditors in Brazil, although PCAOB registered, were not able to complete the full audit and our U.S. based auditor has had to spend considerable time visiting Brazil and becoming familiar with the new operations of the Company.

In December the Company filed a Form 8-K after review from its auditors expecting the Form 8-K and the Form 10-Q’s for the quarters ended June 30, 2014 and September 30, 2014 should be completed in January 2015. Due to the hurdles outlined above, the audit is taking longer than anticipated. The Company’s auditors are back in Brazil to complete the audit work on the Brazilian subsidiaries and will return in the first week of February to work on completing the audit of the consolidated financial statements. The audit and the filing of the reports with the SEC is the first priority of the Company as it continues to work with its auditors to provide any information requested. Simultaneously, the Company works to position itself with licenses and agreements that will provide additional cash flow in the current and coming years. Upon filing these reports, the Company will become current in its SEC filings and compliant with its financial reporting obligations.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

CIAO GROUP, INC. /s/ Eugenio Santos Eugenio Santos Chief Executive Officer Dated: January 28, 2015

~~Dated: December 23, 2014~~2

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