NEW YORK, Oct. 26, 2020 /PRNewswire/ -- Color Star
Technology Co., Ltd. (Nasdaq CM: CSCW) (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 on October 25, 2020
it officially added online "Star Mall" feature (the "Star Mall") to
its Color World App. Adding to the existing artist lectures and
interactive live streaming features, the Star Mall is expected to
further enhance the user experience of the Color World App and to
bring in a new stream of income for the Company through the sales
of concert tickets, and celebrity licensed or co-branded
merchandise such as fashions, cosmetics, souvenirs, among
others.
"Now with online features including artist lectures, online
concerts, interactive live streaming, celebrity-fan meetings, and
online store, and offline offerings including live concerts, music
festivals, music and video production/distribution/ licensing,
talent development, and artist agency services, Color Star is
committed to bringing the best 'entertainment + paid knowledge'
experience to its over 600,000 registered users," said Luke Lu, Chairman and Chief Executive Officer of
Color Star.
About Color Star Technology
Color Star Technology Co, Ltd. (Nasdaq CM: CSCW) 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. 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.
For more information, please contact:
Sherry Zheng
Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com
Phone: +1-718-213-7386
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SOURCE Color Star Technology Co., Ltd.