NEW YORK, March 22, 2022 /PRNewswire/ -- Color Star
Technology Co., Ltd. (Nasdaq: CSCW) ("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 press conference took place in Spain to announce the official partnership
between Color Sky Entertainment Limited ("Color Sky"), the
subsidiary of Color Star, and the international La Liga soccer
club, Villarreal CF ("Villarreal"), to form a partnership. Color
Star's CEO Lucas Capetian and his
team received a warm welcome from the soccer club, and both sides
had a productive discussion regarding the partnership. Mr. Capetian
also visited the team's training camp and related venues,
accompanied by the team manager.
In February 2022, Color Star and
Villarreal signed the partnership agreement, and since then both
sides have been actively carrying out their duties of the
partnership. Color Star's trip to Spain recently, was to help promote
Villarreal's journey in the UEFA Champions League, while also to
publicize and continue their discussions of the specifics of the
partnership. Nowadays, in the Champions League, Villarreal's team
uniform is clearly marked with the logo of Color Star. Moreover,
the team's stadium is now also displaying the logo of Color Star.
Both sides have shown their sincerity and enthusiasm for the
partnership. In the global decadence caused by the pandemic, soccer
will ignite the expectations of people's hearts; what Color Star
wants to do is to bring more influence and income to the team
through the diversification of their technology network and the
offline industry in all aspects.
After watching the team's training session, Color Star now has a
deeper understanding of the professionalism and dedication of this
championship powerhouse. No matter how much the strength or the
influence it brings is, the cooperation between the two sides is
bound to give a strong boost to each other's development in the
future. Lucas Capetian, CEO of Color Star said, "We are holding a
news conference in Spain to
announce that both sides have reached a total agreement. Not only
will we see Color Star in major tournaments, but also our in-depth
cooperation will be diversified. Not only the team's, but our
profits will also improve."
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.