NEW
YORK, June 16, 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 ("AI") in the entertainment industry, has
recently announced new features and in-game locations are in the
works following their recent successful app update, capturing the
attention of the public and industry insiders alike. Today, Color
Star once again announced that the metaverse platform's games
section is officially online. Members can log in to experience the
novel entertainment made possible through state-of-the-art
technology.
Since the launch of the Color World metaverse app, the technical
team has worked nonstop on the development and innovation,
combining large amounts of AR and AI technologies, virtual images
with real locations, creating virtual meeting rooms, digital
airports, business headquarters, celebrity entertainment, and other
related content. Color Star is creating an interdependence of
entertainment and business, all the while constantly providing
users with refreshing new content. The launch of the currency
"Rainbow Beans" will allow users access to life-like immersive
interactions. This games section has been the focus of the
technical team's development. It is understood that the genre of
the newly released game named 'Super Kart Racing' already has a
large worldwide competitive scene compared to similar more
traditional games. "Super Kart Racing" adheres to the concept of
the metaverse in terms of having very high standards for its
graphics and competitive scene. During pre-testing, users gave very
positive feedback in regard to the game's graphics and gameplay.
Color Star metaverse will follow up "Super Kart Racing" with more
games in the future.
Lucas Capetian, CEO of Color Star, commented: "Many people who
follow our team and our software have noticed that we have been
publishing a lot of good news lately. This is because in the early
stages of the Color World metaverse platform, we were able to
attract many new business partners thanks to our strong userbase
and technical content. In this update of our software, we updated
all the locations, businesses, celebrities, games, and so on. We
also gave some of our partners and users a part to play by being
able to voice their opinions, which made us encouraged and trusted.
So, the release of one piece of good news after another is the best
way to repay these supporters. Moreover, we hope to let everyone
understand that Color World metaverse app is an "artificial
intelligence + celebrity entertainment" metaverse entertainment
platform, which is our biggest focus and advantage. We will
continue to play to our professional advantages and resources.
Color Star will provide extraordinary entertainment technology for
millions of users around the world. We encourage everyone to
download the "color world _ metaverse" application on Apple App
Store and Android Google Play to experience our software and we
also hope that more game companies will cooperate with us to
release more high-quality games on our metaverse software platform.
"
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.