NEW
YORK, Aug. 23, 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, today
announces that it has formed a strategic partnership together with
Emirates Travellers' Festival and has held a grand ceremony in
Dubai. The event was attended by
international leaders from all walks of life, including Awad
Mohammed bin Sheikh Mujrin, a member of the Royal Family, and the
Korean ambassador to the United Arab
Emirates, etc., which made the event a great success.
It is reported that on the day of the event, Mr. Farhan Qadir, the CEO of Color Star, showed his
great hospitality to every guest, and also introduced Color Star
and the Color World Metaverse software in detail. Muhammad Ahmed Khan, the person in charge of
Color Star's technical team introduced the R&D and
contents of the Color World Metaverse on stage, and explained the
planning and designs of the software one by one, which made the
guests feel the strength and professionalism of Color Star. Mr.
Qadir said: "As the CEO of Color Star, I am very happy to be able
to experience the charm of our metaverse software with everyone
here. Under the challenging global business environment, the
combination of artificial intelligence and entertainment allows the
Company to fully utilize its resource advantages, create a global
celebrity entertainment platform, experience the charm of
technology in three dimensions, and make more people willing to
spend time staying in the world of color, which is very difficult
and requires our technical team to be even more excellent and
hardworking. So, for the achievement now, I am very thankful for
the team's efforts, and as the CEO, I will also be putting more of
my business experience and resources into the Company in order to
deepen and develop more virtual scenes, NFTs, etc., so that Color
Star can occupy the forefront of the technology entertainment world
faster and more steadily. I will also give 100% effort to work side
by side with my team to make Color World Metaverse better and more
comprehensive, and also try to guarantee our market value to
increase steadily all the way so that our partners and stockholders
can reap more business value."
The partnership between Color Star and Emirates Travellers'
Festival was the focus of the day's event. Everyone is also very
interested in the future collaborations between the two sides.
Next, Emirates Travellers' Festival will be entering the metaverse.
The Color Star team will not only design and build the world's
first metaverse headquarters for the Company, but also work on more
metaverse-related collaborative projects.
The main core of the Color World Metaverse platform lies in
artificial intelligence and celebrity entertainment, with a goal to
change life through technology. And as such, Color Star will
introduce to the world a new unique business model and profit
point. Founded in 2012, Emirates Travellers' Festival is the
world's largest gathering of travelers and explorers. After
partnering with Color Star, the two companies will cooperate not
only in travel but also in other businesses, both physical and
online.
Color World Metaverse has now successfully attracted many
established international enterprises to join its platform and have
a corporate headquarters in the metaverse built for them. This has
become the biggest feature and highlight of the Color World
metaverse. At the same time, the team is actively enriching the
contents of the software and introducing the combination of
physical and digital products into each enterprise's metaverse
headquarters. After logging in, members of the metaverse may choose
to consume, shop, or experience all the other entertainment
features, all of which will be greatly improved upon to meet
everyone's entertainment needs. Moreover, Color Star's aim for its
software is very clear: Color World Metaverse has the digital
economy as its business focus, so that the business enterprises and
users in the metaverse can both benefit from each other.
Enterprises rely on individual users for brand digital marketing,
while users rely on enterprises to offer a personalized targeted
marketing to form a closed-loop chain, which is what Color Star
hopes to see, and will undoubtedly become a major selling point in
promoting the metaverse. Color World Metaverse is already available
on all major app stores. Users can search the name to download the
app immediately.
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.