Thanks WTRE. No, I didn't know it was fake. According to Gagetify it is still in development.

If this product become a reality, you will be able to use it to interact with your favorite apps, remotely control your smartphone, get the information you need, and more. The idea certainly looks very interesting, but we will have to wait a few months to see what the developers can truly come up with. Can they deliver their promises? That remains to be seen, but we are very skeptical.

http://www.gadgetify.com/cicret-bracelet/