NEW YORK, April 26, 2021 /PRNewswire/ -- Color Star
Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as
"Color Star" or the "Company"), announced
today that it has received a notification letter from the Nasdaq
Listing Qualifications Staff of The Nasdaq Stock Market LLC
("Nasdaq"). The Company was informed that following a 12-month
compliance monitoring period under a panel monitor pursuant to a
decision of compliance with panel monitor dated April 16, 2020, the Company was currently in
compliance with the applicable Nasdaq Listing Rules. The Panel has
further determined to continue the listing of the Company's
securities on Nasdaq, and the matter is now closed.
The CEO of Color Star, Mr. Luke
Lu, commented: "We are very pleased with the Panel's
decision to continue CSCW's listing on the Nasdaq stock exchange.
Our operational performance during the past year, our active
communications with the financial community, and Color Star's
investor outreach have all contributed to Nasdaq's favorable
decision of the Company's regaining compliance with Nasdaq's
listing rules. We very much value our listing and we look forward
to the benefits brought by our listing on Nasdaq to Color Star and
our shareholders."
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.
For more information, please contact:
William Tu
Skyline Corporate Communications Group, LLC
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
Email: wtu@skylineccg.com
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SOURCE Color Star Technology Co., Ltd.