NEW YORK, Sept. 25, 2020 /PRNewswire/ -- Color Star
Technology Co., Ltd. (Nasdaq CM: HHT) (the "Company", or "Color
Star"), a company engaged in the businesses of providing online and
offline paid knowledge services for the media, entertainment and
culture industries globally, today announced that it will upgrade
its Color World App with interactive live video streaming feature
on October 15, 2020.
"We are excited about the upcoming upgrade which adds
interactive live streaming feature (the "New Feature") to our
highly popular Color World App which has gained tens and thousands
of users following the official launch of its Chinese version on
September 10, 2020. With the New
Feature, we plan to sponsor more interactive live events, such as,
virtual celebrity-fan meetings, interactive training courses, and
live concerts, among others. As we are committed to providing best
in class user experiences for our live events, we are also
accelerating the development of Augmented Reality ("AR") features
for the Color World App," said Luke
Lu, Chairman and Chief Executive Officer of Color Star.
"As we are constantly bringing more musicians, actors, and
artists to our platform which in return attracts more fans,
followers, and paid users to our platform, the New Feature is
poised to take our user engagement to another level going forward,"
concluded Mr. Lu.
About Color Star Technology
Color Star Technology Co, Ltd. (Nasdaq CM: HHT) offers online
and offline paid knowledge services for media, entertainment and
culture industries globally. 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. The Company also offers after-school entertainment
tutoring in New York via its joint venture entity Baytao
LLC. 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. Specifically, the Company's
statements regarding the proposed acquisition of FENT are
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 HHT 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.
For more information, please contact:
Tony Tian, CFA
Email: ttian@weitianco.com
Phone: +1-732-910-9692
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SOURCE Color Star Technology Co., Ltd.