NEW
YORK, Sept. 13, 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 ("AI") in the entertainment industry,
celebrates the 2nd anniversary of the launch of its software
ColorWorld Metaverse ("Color World"). In order to thank users
worldwide for their support, 10 registered users will be randomly
selected between 09/13/2022 and
09/30/2022 to receive gifts from a star soccer team.
Color World was officially launched on the 10th of September,
2020. It began as an app that offered celebrity-led courses, online
performances and other related products. In January 2022, the app successfully transformed
into the current version, a metaverse with "artificial intelligence
+ celebrity entertainment" as its core features. During these two
years of growth and development, the app has managed to amass more
than one million users worldwide. The continued support from these
users has given the Color Star team confidence to continue updating
the software and developing new products and features. Since
transforming into a metaverse platform featuring AI technology,
virtual cities, virtual communities, virtual characters, virtual
headquarters, etc, Color World has been inviting many global
superstar celebrities to join the platform to expand on the
celebrity content by creating more celebrity masterclasses, online
virtual performances, celebrity merchandise, games, and so on. This
will help provide a boost to the quality of user experience.
Since launching two years ago, the support from users has been
crucial and uplifting. Color Star has taken this opportunity of the
second anniversary to prepare a number of celebrity goodies. From
now until September 30, users can
participate in the 2nd anniversary event by downloading Color World
from their mobile app store (search "ColorWorld Metaverse"). The
company will select 10 lucky individuals who will be notified of
their selection via email.
Next, Color World will also be adding more virtual locations as
well as digital products to the metaverse. Users will be able to
enjoy regular fresh updates to the app, and these updates will
eventually bring users a more life-like experience in the metaverse
comparable to reality. Moreover, Color World hopes to attract more
companies around the world to partner up and join the platform so
that they can develop and grow together.
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.
