NEW YORK, Sept. 21, 2021
/PRNewswire/ -- Color Star Technology Co., Ltd. (NASDAQ: CSCW)
(hereinafter referred to as "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, announces that after continuous
efforts, the Company's research laboratory in Dubai will soon launch virtual reality (VR)
metaverse scenes for the Color Star APP.
Color Star APP is an interactive celebrity platform created by
Color Star, which recently made breakthroughs in the research and
development of metaverse. After launching virtual characters and
virtual scenes, the Company will continue to launch VR scenes
combined with the VR vision system. The metaverse scenes to be
launched will mainly be used in the course contents section of the
Color Star APP. The Company and its partners have jointly developed
and produced more than 1,000 scenes combining reality and
virtuality. With the online application of VR scenarios, Color Star
will provide more new visual experiences to users worldwide.
Mr. Basil Wilson, CEO of Color
Star, commented: "During the research and development process of
the metaverse project, we came up with specific development
plans. All of our creative staff and R&D personnel
have made every effort to realize the Company's visions and goals.
Our thoughts and understanding of the metaverse have always
been that metaverse is not just an abstract concept, but
something that can be turned into a concrete and realizable
project. Color Star will create the core of metaverse, where we
first develop and update entertainment contents and scenes, then
add social, shopping, travel and other virtual reality content to
make our product planning more comprehensive and diverse."
The VR metaverse scenes to be launched will continue to add to,
and provide updates for, the current selection of application
scenes. Color Star has already contacted and negotiated with a
number of VR visual product manufacturing companies worldwide, and
will soon launch its own VR glasses, VR helmets, and other
supporting products.
About Color Star Technology
Color Star Technology Co, Ltd. (Nasdaq CM: 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; product and service demand and
acceptance; changes in technology; economic conditions; the growth
of the educational and training services market
in China and other countries 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.
For more information, please contact:
William Tu
Skyline Corporate Communications Group, LLC
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
Email: wtu@skylineccg.com
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SOURCE Color Star Technology Co., Ltd.