NEW
YORK, April 5, 2022 /PRNewswire/ -- Color Star
Technology Co., Ltd. (Nasdaq: CSCW) ("Color Star" or the
"Company"), an entertainment technology company with a global
network that focuses on the application of technology and
artificial intelligence in the entertainment industry has been
receiving undivided attention from the public since announcing the
international soccer star Iker
Casillas ("Casillas") as a celebrity tutor for the Company's
Color World metaverse platform, as well as interest in the progress
of the cooperative project. Recently, Casillas completed the
filming of his online course in Spain and it is now in the post production
stage being worked on by the Color Star team.
Previously, Color Star has invited many international
athletes onto the Color World metaverse platform, and the resulting
celebrity courses and merchandise have convinced many fans to join
in as well. Color World has now successfully transformed into a
metaverse platform that will provide intelligent technical services
to the growing number of online celebrity courses, merchandise and
other similar products in the future, enhancing the immersive
experience for users. As the greatest goalkeeper in Real Madrid's
history, Casillas' soccer career and superb footballing ability are
known all too well to the public. In order to allow fans and users
to understand Casillas on a deeper, personal level and his love for
the green pitch, the Color Star team eagerly invited him to join
the platform, while rushing to Spain to film the course. Color Star hopes to
present the best online course possible for users through an
exclusive and professional perspective.
Mr. Lucas Capetian, CEO of Color Star, said: "The filming
process went very well. Casillas' performance made us feel his
incredible charisma as a soccer superstar. We hope that through our
platform we can attract more people to become residents of our
Color World, and lead more people appreciate Casillas for his glory
and achievements in the soccer world. We hope to encourage young
people to be brave and kind, and to not fear difficulties. Of
course our cooperation is only just beginning; we will be
cooperating in many other ways, not only online. Offline
cooperation will also become a focus."
Color World is an immersive digital platform with man-made
artificial intelligence as its core feature. Unlike other
traditional software, Color Star will integrate even more
artificial intelligence technology in the future. Next up, virtual
reality ("VR") spaces and locations will be launched one after the
other. The team will integrate VR technology wherever possible;
celebrity videos will also be launched in VR, so that everyone can
have a better sense of viewing and immersion. Furthermore,
depending on the current environment and policies, the Company will
also hold online and offline celebrity meets and greets.
Broadcasting globally through the Color World metaverse platform
will allow even more viewers to participate and interact. The
launch of the Casillas masterclass together with future
partnerships with star athletes will bring more revenue to the
Company, allowing the Company to benefit from the billions of
sports fans worldwide.
About Color Star Technology
Color Star Technology Co, Ltd. (Nasdaq: 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.