NEW YORK, Oct. 25, 2021 /PRNewswire/ -- Color Star
Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as
"Color Star" or the "Company"), an
entertainment technology company with a global network that focuses
on the application of technology and artificial intelligence (AI)
in the entertainment industry, announced today that its
wholly-owned subsidiary, Color China, officially entered into a
agreement with Coldwell Banker UAE to leverage Caldwell Banker
UAE's deep resources and strengths in international real estate to
help Color Star secure venues for real estate-related cultural
tourism.
With Coldwell Banker UAE's mature operations structure and
abundant resources in the Middle
East, Europe, and
United States, Color Star's
cooperation with the firm rests on the tremendous value they can
bring. Coldwell Banker UAE is a world-renowned real estate
brokerage firm with 116 years of industry experience and 16 years
of local experience in the UAE. The firm is committed to providing
the most professional and high-quality real estate services and
solutions to customers who invest in UAE real estate.
Upon implementation of a strategic cooperation agreement, Color
Star will entrust Coldwell Banker UAE with the selection of
performance venues, filming sites, training bases, and investment
and development of other real estate projects. In terms of business
development, Color Star has focused on the combination of online
entertainment via technology and offline physical projects. In
recent years, with rapid development of the Company's business and
continuous expansion of the overseas market, related sectors became
involved. This year, a series of big moves by Color Star — from
large-scale performances, to filming site and training base
selection, will require the right physical venues.
Douglas P. Menelly, Director of
Communications of Color Star, commented: "Real estate is a
mainstay of the global economy, and even for an
entertainment technology company, some businesses can
be integrated. In the meantime, as Color Star evolves to
become a composite company, cooperation with powerful
international real estate firms can greatly improve the
future development and trend of our overall business."
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.
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, including cooperation to locate
suitable venues; 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.
Disclosures: Mr. Menelly's services are being provided
to Color Star Technology Co., Ltd. through a formal arrangement
between Color Star Technology Co., Ltd. and Skyline
Corporate Communications Group, LLC.
Skyline Corporate Communications Group, LLC will be
compensated by Color Star Technology Co., Ltd.'s (Nasdaq: CSCW)
wholly owned subsidiary, Color China Entertainment Ltd., for
providing investor relations services to the Company. Please
see the 17(b) Disclaimer and Disclosure Statement
here: www.skylineccg.com/disclosures
View original
content:https://www.prnewswire.com/news-releases/color-star-technology-co-ltd-nasdaq-cscw-engages-international-firm-to-assist-with-real-estate-related-cultural-tourism-301407470.html
SOURCE Color Star Technology Co., Ltd.