NEW YORK, Sept. 22, 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 the upcoming debut of its "entertainment world
metaverse", a brand new full-entertainment interface to be launched
on the Company's platform, Color Star APP, on November
11th, following the launch of metaverse virtual humans,
virtual scenes, and virtual reality scenes. The metaverse
entertainment scenes released this time will be in 2D, and
will integrate all the applications we previously developed.
The Company expects to launch 3D scenes and applications next
year. In the metaverse APP scene, all users will be able to reside
and entertain from a virtual first- or third-person
perspective. This metaverse interface integrates a comprehensive
social model, and in the future, all online meetings will be
conducted in the application by combining virtual and real scenes.
Users will be able to make appointments and hold online business
meetings and negotiations in virtual scenes, such as virtual
restaurants, coffee shops, and high-end hotels. The upcoming 2D
interface will give users more realism in the scene settings.
Mr. Basil Wilson, CEO of Color
Star, commented: "Metaverse is a new concept product that many
technology companies are making great efforts to develop. We are
very proud to announce the Company's success in developing these
metaverse concept products in a short time and embedding them
in the Color Star APP. I believe that users worldwide will have a
more intuitive understanding of the metaverse concept after
trying our products."
Color Star has been making continuous efforts to develop
metaverse concept and non-fungible token (NFT) products. Our
peripheral supporting products will soon be launched alongside our
metaverse concept products. We hope to use technology to allow
users worldwide to experience the positive life changes made
possible by the metaverse 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.
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SOURCE Color Star Technology Co., Ltd.