NEW YORK, Sept. 27, 2021 /PRNewswire/ -- Color Star
Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as
"Color Star" or the "Company"), an entertainment technology company
with a global network that focuses on the application of technology
and artificial intelligence (AI) in the entertainment industry,
announces today that its wholly-owned subsidiary, Color China, is
ready to launch sports-related NFT products in October this
year.
As an entertainment technology company, Color Star will
establish new collaborations with world renowned athletes in the
field of entertainment. Color Star's global celebrity interactive
platform, Color Star APP, has signed cooperation agreements with
many global athletes such as Shaquille
O'Neal and David Villa, who
will be featured on the Color Star platform and available to
interact with users globally. The Company is also cooperating with
leading athletes from different sports fields to launch NFT
products related to those athletes. The first set of products will
include jerseys and Tourbillon watches designed by the athletes and
exclusive training videos, among others. Color Star believes the
creation of these celebrity products will continue to contribute to
the Company's copyright capacities.
Mr. Basil Wilson, CEO of Color
Star, commented: "The current and future series of
NFT products launched by the Company are all celebrity
related. We hope these products will help enrich and
diversify the current selection of NFT products in the market.
Although many companies are developing NFT products,
our NFT products are blessed with a stronger fan base,
and the products themselves are more practical and
collectible. Color Star will also integrate these NFT
products into the entertainment metaverse that is now fully
constructed, and promote more cooperation and synergies
between the NFT and metaverse spheres."
Color Star has successively launched a variety of NFT
products, ranging from music and video to
sports. The Company will continue to increase efforts in product
research and development, and believes more NFT products will
be introduced to users worldwide in the near future.
About Color Star Technology
Color Star Technology Co, Ltd. (Nasdaq CM: CSCW) is an
entertainment and education company that provides online
entertainment performances and online music education services. Its
business operations are conducted through its wholly-owned
subsidiaries Color China Entertainment Ltd. and CACM Group NY, Inc.
The Company's online education is provided through its Color World
music and entertainment education platform. More information about
the Company can be found at www.colorstarinternational.com.
Forward-Looking Statement
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate" or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. Forward-looking statements are
not guarantee of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's
future business development; product and service demand and
acceptance; changes in technology; economic conditions; the growth
of the educational and training services market
in China and other countries where
CSCW conducts its business; reputation and brand; the impact of
competition and pricing; government regulations; fluctuations in
general economic and business conditions and assumptions underlying
or related to any of the foregoing and other risks contained in
reports filed by the Company with the Securities and Exchange
Commission. For these reasons, among others, investors are
cautioned not to place undue reliance upon any forward-looking
statements in this press release. Additional factors are discussed
in the Company's filings with the U.S. Securities and Exchange
Commission, which are available for review
at www.sec.gov. The Company undertakes no
obligation to publicly revise these forward–looking statements to
reflect events or circumstances that arise after the date hereof
unless required by applicable laws, regulations or rules.
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SOURCE Color Star Technology Co., Ltd.