NEW YORK, Sept. 28, 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 its Color World
App is expected to add online store feature on October 25.
As a celebrity entertainment interactive platform, the Color
World App has launched a celebrity course section and a live video
broadcast section. The next-to-launch online celebrity mall section
is expected to further enrich user experience of the Color
World platform. The online celebrity mall will mainly sell
celebrity peripheral products. Color World is currently developing
celebrity co-branded peripheral products, including clothing,
shoes, hats, watches, digital products, wine, and other categories.
The launch of the online celebrity mall will diversify the income
of Color World.
Lu Biao, CEO of Color Star, said:
"The launch of the online celebrity mall as the latest addition to
Color World App may make our
software more diversified. At the same time, compared with other
similar platforms, we are in a more competitive position to provide
a complete experience for users. I believe celebrity stores can
allow fans to buy peripheral products of their favorite artists on
our platform, so that we expect to see increased number of daily
active users in the Color World App. I believe that the launch of the Color
World online mall will grow to account for a large proportion of
Color World's revenue, and it will also allow more people to join
and use Color World."
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.