YORK, Sept. 26, 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 recently
officially announced to the public that it will enter the mobile
industry to cooperate on the development and manufacturing of a
metaverse phone. This will not only become another key segment of
Color Star's future business, but also show that Color Star, as a
NASDAQ-listed international technology company, is fully utilizing
its technology and platform advantages to push for new advancements
in metaverse and Internet+ technologies.
It is understood that Color Star is cooperating with leading
international enterprises to develop and manufacture the DONO
metaverse phone ("DONO"). The DONO phone is an ESG-compliant,
eco-friendly smartphone, from its materials all the way to the
lifespan of the device. Each device will have the Color Star logo
printed on the back along with the ColorWorld Metaverse ("Color
World") software pre-installed. The phone is highly hack-resistant
thanks to its state-of-the-art technology, guaranteeing high levels
of security. The Color Star team will be providing full support to
the development process, and the Color World platform will be used
to advertise and generate publicity for the phone.
DONO is more than just a smartphone with communication
functionalities; it links the user to the metaverse, allowing easy
access to limitless entertainment, collaboration, and education
content via a tap of a finger. Through the pre-installed Color
World app, users can be among the first to experience new virtual
locations, digital products, celebrity entertainment, and so on.
Under the protection provided by Color Star, users can safely enjoy
using the DONO phone without worrying about the safety of their
privacy. DONO is expected to be officially unveiled in October at
the 2022 Gulf Information Technology Exhibition ("GITEX") to be
held in Dubai.
Farhan Qadir, CEO of Color Star,
said: "The mobile industry is our new business segment, and we are
very excited and confident about developing this segment in the
years to come. We are a technology company, and combined with our
continuous development and optimization of our metaverse platform,
our DONO phone will be a significant entry in the industry. While
the public has been studying the features of our metaverse, we have
been looking into user safety and protecting their privacy.
Moreover, we will combine our metaverse with other services and
businesses in order to widen our market. We are not your typical
tech company. Here, everything is possible."
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
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.
SOURCE Color Star Technology Co., Ltd.