NEW YORK, Dec. 31, 2020 /PRNewswire/ -- Color Star
Technology Co., Ltd. (Nasdaq CM: CSCW) (the "Company", or "Color
Star"), an entertainment and education company that provides online
entertainment performances and online music education services,
today announced that Color China Entertainment Limited, its wholly
owned subsidiary, has formally reached a long-term strategic
partnership with two United Arab
Emirates ("UAE") companies, Multiple Events Dubai U.A.E
("Multiple Events UAE") and Hunter International Travel &
Tourism LLC. Dubai U.A.E ("Hunter International UAE"). The parties
expect to use their respective advantages to collaborate on
cultural performance, cross-border tourism, entertainment
education, and brand promotion.
Multiple Events UAE is registered in Dubai, UAE. Its business covers film and
television production, exhibitions, conferences, and consulting.
Since its establishment, the company has organized and facilitated
international cultural exchange projects with many multinational
media companies. In 2007 and 2008, Multiple Events UAE cooperated
with Hong Kong Phoenix Satellite TV ("Phoenix TV") and produced two
bilingual documentaries, "Half Sea and Half Flame" and "The
Sheikh's Sunrise and Sunset", which reflected the social and
cultural development of the UAE. Between 2009 to 2011, as the
official authorized institution of Phoenix TV, Multiple Events UAE
organized the Phoenix TV Miss Chinese Cosmos contest in the
Middle East region.
Hunter International UAE is registered with the Dubai Tourism
Bureau, UAE. The company has hundreds of business partners in
countries all over the world. In 1992, it was selected by the
Chinese Consulate General in Dubai
to host a delegation from China National Tourism Administration. In
September 1992, it became the general
agent of China International Travel Service to serve Chinese
tourists visiting the UAE and to organize Middle Eastern customers'
exhibitions in China.
The cooperation with the two well-established UAE companies will add to the
Company's strategic layout in the Middle
East. By 2021, Color Star expects to establish an offline
training base in the UAE and offer online and offline Arab cultural
"Color Star strives to become a top global internet
entertainment company. We have built strategic partnerships in
Southeast Asia, Europe and America, and now in the
Middle East. The launch of our
Color World App on December 31, 2020
will further promote our geographic reach and provide strong
technological and internet boost to our international presence."
Commented Biao Lu, CEO of Color Star.
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.
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:
Weitian Group LLC
SOURCE Color Star Technology Co., Ltd.