NEW YORK, Feb. 18, 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 it will cooperate with Jilin
Great World Aviation Service Co., Ltd. (hereinafter referred to as:
Jilin World) to introduce
enterprises to the Color World APP, with the goal of setting up a
virtual ticketing hall and carrying out a series of in-depth
globalization-oriented virtual cooperation in business hotels and
tourism.
Jilin World was established in
1993, specializing in domestic and international air ticket
booking, travel and vacation, hotel reservation, business travel
chartering and other services, which is
a famous sales agent designated by the Civil Aviation
Administration of China, and also the agent of more than 100 domestic
and foreign airlines, providing professional services such as "24/7
air-ticket booking", "one-stop business travel support" and
"e-commerce self-service platform". Since its inception 19 years
ago, Jilin World has become an
industry leader in the three north-eastern provinces of
China. In the era of "Internet +"
economy, Jilin World hopes to open
more extensive business space through cooperation with Color Star. In this cooperation, Color Star will establish a virtual
ticketing hall in the Color World APP, which is also, at the same
time, the first ticket agency of Color World. After the
establishment of the virtual ticketing hall, the two parties will
start a series of world-wide online sales collaborations such as
hotel business travel. Moreover, in the future, the two parties
will also cooperate in virtual ticketing, travelling and hoteling,
continuing to expand respective entity businesses to the Color
World Metaverse platform, and the two parties will introduce sales
flow backwards to each other based on the advantages of their
respective original platform membership bases, thereby generating
more profits. Undoubtedly, this cooperation will become a bonus
edge for both parties, creating new sparks over corporate branding
and business development.
Lucas Capetian, CEO of Color Star, said: "The Color World
Metaverse platform has covered many industries. The ticket hall can
be said to be a brand new and highly anticipated cooperation, which
means that in the future, regardless of online or offline, members
of us and Jilin World can enjoy more
discounts and have more pleasant experience. This is great and we
will also cooperate with more hotels, restaurants, tourism of
places of attractions in the future, and carry out diversified
cooperation to allow these enterprises to open ticket offices on
our virtual ticketing hall, which would be more vivid, just like
we're physically entering a real ticketing environment to choose
scenic spots and hotels on the platform via AR technology, as well
as to select various means of transportation such as trains and
planes to travel. To achieve this goal, both of us will continue to
deepen the collaboration and involve our international teams for
it."
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.