NEW
YORK, Sept. 5, 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, has recently
signed an official strategic partnership agreement with Global
Digital Club ("GDC"). From now on, the focus of this partnership
will be on the metaverse digital economy, and both parties will
jointly develop a series of related digital businesses in [Color
World_Metaverse].
Global Digital Club is a world-renowned professional digital
investment club, with members including global elites and top
executives from leading companies around the world. Every year, the
GDC holds major industry summits and organizes regular invite-only
member meetings to more accurately and effectively enhance the
globalization of the digital economy, providing the most accurate
and representative outlook analysis for the industry, and to help
corporate members establish effective cooperation with each other.
As an authority in the digital economy industry, Color Star and GDC
will utilize their respective advantages and resources to actively
cooperate on the metaverse platform [Color World_Metaverse],
connecting relevant NFTs, metaverses and other relevant content
together.
CEO of Color Star, Farhan Qadir
said: "Color Star has always viewed smart intelligence as its
technical core, and while we continue to develop the entertainment
metaverse, we expect to further develop more industrial content,
the digital economy and artificial intelligence since they will
certainly be profitable developments for the company. The
partnership with GDC will not only allow us to progress further
with our digital economy, but also allow Color Star to attract more
partners, which is a very good thing. Next, we will partner with
more corporate organizations, which suggests that the future
developments of Color Star will be more diversified and
comprehensive, bringing our partners and investors more guaranteed
revenue."
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.