NEW
YORK, June 14, 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, recently
officially announced the successful upgrading of its metaverse
software Color World to a new version, which not only enriched and
brought new contents to several parts of the application, but also
introduced new flagship stores of new business which have migrated
into the Color World metaverse app. Among them, the famous tea
culture brand "San Si Yi Ting" has already landed in the software
and underwent store renovations. In the future, the brand will take
advantage of the Color Star team, fully combined with the influence
of Color World and its partnered brands, to run a global marketing
and brand promotion campaign.
Many businesses partnered with Color Star will migrate into
Color World one after another, and users can visit independent
online stores of brands just like in an offline shopping mall. On
the one hand, companies are more likely to open up to new marketing
models for their commercial brands in the global market; on the
other hand, Color Star will work with companies to further the
development of physical and virtual products (e.g. NFT products),
which will bring more profit to the Company.
Lucas Capetian, the CEO of Color Star, commented: "Through the
continuous efforts of our technical team in recent months, Color
World Metaverse app has received wide recognition from users all
around the world, with a stronger and stronger user experience,
while also providing us with a lot of improvement suggestions.
Businesses are likely to migrate onto our platform, as we are
currently among the world's first entertainment metaverse software,
and Color World is different from other software in the same genre.
We will increase our celebrity resources and well-known commercial
brand promotions, moreover, a number of product sales will cover
almost all parts of the world. Users can enjoy entertainment and
enjoy integrated immersive experiences without having to step foot
outside their door. This concept is also the subject of our
continuous improvement and focus. We will also try to guarantee
that all the products sold on our platform are first-class
regardless of quality, price and after-sales service."
Color World metaverse app has been officially launched on
Android and Apple application stores (application: color world _
metaverse). The platform has more than a million users, and it will
continue to increase significantly. The huge user base allows more
and more businesses to see the untapped potential spending power.
For this reason, the Color Star business team is working tirelessly
with businesses to help them migrate their offline businesses into
the metaverse. It is believed that with the continuous improvement
of artificial intelligence, the Color World metaverse app will
bring new surprises and experiences.
About Color Star Technology Co., Ltd.
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.