NEW YORK, Feb. 25, 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 in the entertainment
industry, announced today that a sponsorship agreement has
been reached between Color Star and European soccer powerhouse
Villareal CF, together embarking hand in hand on a footballing
journey.
Villarreal CF is a soccer club based in the city of Villarreal,
Spain. Founded on the
10th of March, 1923, the team currently competes in La
Liga, the top flight of Spanish soccer. Nicknamed as the Yellow
Submarine, Villareal has achieved numerous domestic and
international honors in the mere 10 years following their promotion
to La Liga. These achievements include beating Manchester United to
win the UEFA Europa League, winning the UEFA Intertoto Cup twice,
finishing as UEFA Champions League semi-finalist, UEFA Super Cup
runners-up, La Liga runners-up, while also in the process working a
series of legendary European soccer miracles. This is also one more
partnership for Color Star in the field of sports.
Lucas Capetian, CEO of Color Star said, "Villarreal is a very
inspiring team. We admire and love the team's aggressive spirit. We
hope that this partnership will help usher Color Star to
Europe and into the soccer scene,
a sport that incites unbelievable levels of passion into the hearts
of millions. This is just the beginning of our partnership, and we
believe that as the partnership grows, our cooperation will
naturally deepen in the future."
At the time of this partnership, Villarreal is playing in the
UEFA Champions League. The CEO of Color Star was warmly received by
the team when he attended a match. The Company believes that by
partnering with these top sports competitions and powerhouse teams,
the Company's business development and advertising will improve as
well.
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.