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

~~January 28~~June 15, 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 8 4.01 ~~OTHER~~ ~~EVENTS~~Changes in Registrant’s Certifying Accountant.

On ~~April~~June 2115, ~~2014~~2015, ~~Specialty~~the ~~Contractors,~~Board ~~Inc.~~of (Directors approved the ~~“Company”)~~appointment ~~entered~~of ~~into~~Bongiovanni a& ~~Purchase~~Associates, ~~Agreement~~PA (~~the~~ “~~Agreement~~Bongiovanni”) ~~with~~to serve as the ~~majority~~Company’s ~~shareholders~~independent ofregistered ~~Ciao~~public ~~Telecom~~accounting firm for the fiscal year ending December 31, ~~Inc~~2014. MaloneBailey, LLP a("MaloneBailey") ~~Nevada~~is ~~corporation~~still ~~(“Ciao”),~~serving ~~whereby~~as the Company's ~~acquired 97.8%~~independent ofregistered ~~the~~public ~~issued~~accounting ~~and~~firm ~~outstanding~~for ~~shares~~the offiscal ~~Ciao~~year ending inDecember ~~exchange~~31, ~~for~~2013. The Company anticipates the ~~issuance~~audit ofreport ~~119,999,998~~from ~~shares~~MaloneBailey offor the ~~Company’s~~fiscal ~~common stock~~year ended December 31, in2013 by ~~restricted~~the ~~form~~end of June 2015.

~~Ciao~~The ~~owns~~Company ~~and~~will ~~operates~~update athis ~~telecommunications~~disclosure ~~company~~when ~~located~~the inaudit ~~Dallas,~~report ~~Texas.~~for ~~As a result of~~ the ~~Agreement,~~fiscal ~~the~~year ~~Company~~ended ~~sells~~December ~~mobile devices~~31, ~~mobile~~2013 ~~service~~is ~~plans,~~received ~~virtual~~from ~~PBX~~MaloneBailey to ~~systems,~~disclose ~~calling~~that ~~cards,~~there ~~IPTV~~was ~~and~~not ~~other~~any ~~wholesale~~adverse ~~and~~opinion ~~reseller~~or ~~telecommunications~~disclaimer ~~products and services. As a result~~ of ~~the Agreement~~opinion, ~~Eugenio~~or ~~Santos,~~qualification ~~CEO~~or ~~and~~modification ~~chairman~~as ofto ~~the Board of CIAO~~uncertainty, ~~was appointed an officer and~~ ~~director~~audit ~~of the Company. Michael Goode~~scope, ~~its~~or ~~director~~accounting ~~and CEO, and Charles Smith, its CFO, subsequently resigned~~principles.

~~Also~~During asthe fiscal years ended December 31, 2013 and 2012 and the subsequent interim period through June 15, 2015, the Company had not consulted with Bongiovanni regarding either (i) the application of accounting principles to a ~~result~~specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the ~~Agreement~~Company's consolidated financial statements, and no written report or oral advice was provided to the Company ~~increased~~that ~~its~~was ~~authorized~~an ~~capital~~important ~~and~~factor ~~changed~~considered ~~its~~by ~~name~~the Company as to ~~CIAO~~any ~~Group~~accounting, auditing ~~Inc.,~~or ~~all~~financial reporting issue; or (ii) any matter that was the subject of a disagreement (as ~~previously~~that term is defined in Item ~~reported~~304(a)(1)(iv) onof ~~Forms~~Regulation 8S-K ~~filed~~and byrelated ~~the~~instructions) ~~Company~~or a "reportable event" (as that term is described in Item 304(a)(1)(v) of Regulation S-K).

~~Update~~During onthe Company’s ~~Form~~two 8most recent fiscal years (the “Audit Period”) and subsequent interim period through June 17, 2015, there were no disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K) ~~filing~~ with ~~Updated~~MaloneBailey, ~~Financial~~LLP ~~Information~~on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of MaloneBailey LLP would have caused MaloneBailey to make reference to the subject matter of the disagreements in connection with its reports.

The Company, ~~under~~provided ~~U.S.~~a ~~Securities~~copy &of ~~Exchange~~this ~~Commission~~disclosure ~~rules, was required~~ to ~~file~~MaloneBailey ~~within~~LLP 71and ~~days a report~~ an ~~amended~~opportunity ~~report~~ to furnish the ~~originally~~Company ~~filed~~with ~~Form~~a ~~8-K~~letter asstating whether ~~filed~~it onagrees ~~April~~or ~~25,~~disagrees ~~2014,~~with ~~disclosing,~~the ~~among~~statements ~~other~~made ~~things,~~by ~~financial~~the ~~information~~Company ~~for~~herein ~~its~~in ~~operations for~~response ~~the~~to ~~previous~~Item ~~two~~304(a) ~~years~~of Regulation S-K.

~~Since~~Item ~~the time of the merger, the Company has been working with auditors to prepare the financial information that is required to be filed~~9. ~~During~~01. ~~the~~Financial ~~process~~Statements ofand ~~working with the auditors, the Company encountered some significant hurdles such as:~~Exhibits.

~~Prior financial statements were prepared under IFRS standards and had to be re-audited under GAAP and PCAOB standards.~~(d) Exhibits:

The 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.

No.

Description

16.1

MaloneBailey LLP Letter, to be filed by amendment3

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.2

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

~~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.

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

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

2Eugenio Santos

Chief Executive Officer

Dated: June 15, 2015

Filing Compare · CIAO GROUP INC.