NEW
YORK, May 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, announces
today that their partner team, Villarreal CF (hereafter referred to
as "Villarreal" or "Yellow Submarine"), has unfortunately had their
Champions League campaign put to an end by Liverpool FC, after
being defeated by 3:2 in the semi-finals. Despite the defeat, the
Yellow Submarine has received high praise from fans all over the
world for their incredible undying spirit and the many moments of
excitement that they have delivered throughout the tournament. And
as for their future battles and encounters, Color Star will
undoubtedly continue to travel with the team and join their fans to
offer their unequivocal support from the stands.
This Champions League campaign has been Villarreal's most
prolific since reaching the semi-finals back in 2006. Even though
the match ended in defeat, the players displayed impressive skills
and abilities against Liverpool.
After the match, Italian star Tacchinardi said to the media:
"Villarreal came really close and
defied the odds. Now ends a wonderful fairy tale of a group of
players that had the determination to attack a spectacular team,
also with quality in their game. The match was exciting and left us
with many great moments". For Villarreal, the new priority now is
to prepare to qualify for the UEFA Europa League. It is understood
that Villarreal will face Sevilla
on May 8, 2022.
As Villarreal's global partner, Color Star also sends their
congratulations to Villarreal. Color Star CEO Lucas Capetian
expresses: "We are close partners with Villarreal CF. Having
watched every one of their matches in the Champions League so far,
I can confidently say that their team has not let us and their fans
down, especially with their numerous surprise victories. On one
hand, the fame and interest they generated throughout this
tournament greatly benefitted our brand awareness. On the other
hand, they have convincingly proved to us that the team we chose to
partner with is in fact a very strong team. I am now even more
confident in our relationship down the line."
Color Star and Villarreal CF officially entered a global
partnership this year and both sides will make use of their
respective advantages and assets for mutual benefit and to produce
a win-win outcome. Both sides will jointly develop new soccer
projects, not only to help the team to grow stronger, but to also
expand the "Internet+" soccer segment on Color Star's Color World
metaverse platform. On the other hand, Color Star will also attract
more top teams and stars to its platform to bring more interactive
experiences to our members. As a NASDAQ listed company, Color Star
will continue to integrate high-tech online and offline content,
which has been well received by its partners and provides good
support for the Company's profitability.
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.