NEW YORK, May 2, 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, announces today that their La Liga partner
team Villarreal CF ("Villarreal") will be facing Liverpool FC on
the evening of 3 May at 19:00 UTC in
the battle for a spot in the Champions League finals. Despite
losing 2-0 in the first leg, the team remains calm and poised as
they undergo intense preparations ahead of the second leg.
Villarreal has the full support of Color Star behind them during
each and every match.
Villarreal is currently amongst the best La Liga teams. This
year, the club, dubbed the Yellow Submarine, has achieved its best
result in the Champions League since reaching the semi-finals in
2006. In fact, Villarreal even managed to maintain a win streak
earlier in the tournament by eliminating heavyweights such as
Juventus and Bayern Munich, much to the amusement of the fans and
the world. As Villarreal's prominence and reputation grows, Color
Star, as their global partner, has also been seeing growth in their
own fame and reputation around the world, and especially in the
European market. This year has seen extensive efforts by Color Star
to expand into the European market; their metaverse platform Color
World has received the attention of many international brands and
enterprises who have been joining the platform one by one to set up
their own shops and headquarters in the virtual world. As an
application delivering an experience focused on AI and celebrity
entertainment, Color World has invited numerous top international
celebrities and teams involved in sports, music, and arts to join
the platform ("Color Celebrities"). On the platform, these Color
Celebrities can record and sell their masterclasses, as well as
have their virtual avatars and merchandise created by the Color
Star team to drive the sense of immersion and interaction.
Villarreal CF will also be joining the platform shortly; the
masterclasses conducted by the players will be released on the
platform in the future for all their fans and the world to
study.
In addition to the online operations, Color Star will also
cooperate with the team to create offline content. In addition to
the Champions League tournament currently underway, the Color Star
team will also accompany the team to more matches in the future.
Lucas Capetian, the CEO of Color Star, said: "Our choice to partner
with Villarreal in February this year has certainly proved to be
the right one as we have seen a recent surge in user registrations
on our platform while our market capitalization has maintained a
steady and growing momentum despite many uncertainties in the
global market. It is possible that there is a correlation. As an
international company, we will not just simply expand into a
certain region. We will also expand into the Middle East and Asia, and we will continue to invite more
outstanding teams and celebrity artists onto our colorful star
roster. The traditional market law can no longer restrict our
business development, the conversion and backflow of online and
offline members and fans will certainly bring more wealth for the
enterprise."
About Color Star Technology Co., Ltd.
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.