NEW YORK, Feb. 3, 2022
/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, announced today that U-Shine
Education Center, a Dubai-based
comprehensive education company, will join its metaverse platform
"Color World". After a strategic cooperation agreement has been
reached, both companies will utilize the advantages of the platform
to develop training and education programs in the Color World.
U-Shine Education Center is a registered and comprehensive
education company in Dubai. It
provides educational programs in languages, extracurricular
tutoring, art courses, and helps students prepare their
applications to universities abroad. These services are aimed at
Chinese, Middle Eastern, and European residents of all ages in
Dubai. They have a team of veteran
tutors and a highly optimized education system. At present, spurred
on by their consistent growth, U-Shine has decided to partner with
Color Star Technology and join the Color World. With the advantages
of the metaverse platform and artificial intelligence, U-Shine can
open themselves up to new fields. Color Star will construct a
headquarter building for U-Shine in Color World and set up virtual
conference rooms to help the educators carry out their online
education smoothly. At the same time, Color World users can also
take part in online learning and social activities. Through Color
World, users from all over the world can learn languages, arts,
etc., as well as utilize U-Shine's experience in helping students
apply for universities abroad. This cooperation will undoubtedly
expand U-Shine's audience and also allow more people access to
education without leaving their homes.
Lucas Capetian, CEO of Color Star Technology, said: "Currently,
we have celebrity lectures covering a wide range of culturally
relevant subjects on our platform. However, we are missing content
related to overseas study and language courses. U-Shine will fill
this gap and enhance upon our online education content. In
addition, we will also increase our efforts in this area in the
future integrating artificial intelligence into education and
further develop virtual tutors, virtual colleges, virtual
classrooms and so on."
As the brand new metaverse platform "Color World" features novel
contents, Color Star regrets to announce that the latest version of
APP is still under review at major App
Stores. The company has been in close communication
with the relevant App Stores, hoping
to pass the review process as soon as possible to introduce the
latest App to global users.
About Color Star Technology
Color Star Technology Co, Ltd. (Nasdaq: 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, including the development of the
metaverse project; product and service demand and acceptance;
changes in technology; economic conditions; the growth of the
educational and training services market internationally 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.