NEW YORK, Dec. 20, 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 on
December 15th, Color Star and the
Philadelphia 76ers, a National
Basketball Association (NBA) team, held a signing ceremony in
Philadelphia, Pennsylvania, USA,
officially launching cooperation between the two parties.
The Philadelphia 76ers belongs
to the Eastern Conference Atlantic Division of the NBA and its home
stadium is the Wells Fargo Center. The Philadelphia 76ers is a veteran team in the
NBA and a leading team in the Eastern Conference, currently ranking
6th. Color Star and the Philadelphia 76ers will cooperate in the areas
of advertising, entertainment technology, and other related
sectors. The NBA team will use Color Star's entertainment metaverse
platform, Color Star app, to interact and communicate with
audiences and fans from around the world, sharing the joy of
basketball.
Sir Lucas Capetian, CEO of Color
Star, commented: "We are deeply honored to cooperate with the
Philadelphia 76ers, a top NBA
team. NBA games are the most influential sports event in
the United States and even around
the world; the teams and athletes are loved by fans everywhere. We
hope this cooperation will enrich the content of Color Star app,
our entertainment metaverse platform, and through NBA events,
global audiences can also learn about our metaverse platform. This
will help Color Star gain more recognition worldwide and grow our
user base. This is a win-win relationship and we look forward to
more in-depth cooperation with the Philadelphia 76ers and other NBA teams in the
future."
Through increasing cooperation with top athletes and sports
teams, Color Star continues to bring new and exciting content to
its entertainment metaverse platform, Color Star app. Perhaps in
the future everyone will be able to not only watch games in the
metaverse, but also participate in virtual sports events. This
collaboration between Color Star and the Philadelphia 76ers is an extension of the
interplay between technology and competitive sports, which will
help interweave and enrich the world of entertainment and
sports.
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 the development of the
metaverse project; product and service demand and acceptance;
changes in technology; economic conditions; the growth of the
educational and training services market internationally 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.
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SOURCE Color Star Technology Co., Ltd.