NEW
YORK, Aug. 15, 2023 /PRNewswire/ -- Color Star
Technology Co., Ltd. (Nasdaq: ADD) ("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 it
has officially entered into a framework strategic cooperation
agreement with Come Come Delivery Services ("Come Come"), which
provides that Come Come will open a separate ticket purchase
channel for ColorWorld Metaverse's ("ColorWorld" or the
"Metaverse") platform on the Come Come application. In the future,
event tickets, including tickets for events organized by Color
Star, and celebrity merchandise are planned to be released and
available for sale on the Come Come platform.
The Come Come application, or app, has a large user base and is
popular in the Middle East as well
as internationally. With a wide range of brands and merchants
available in the app and a reliable technical and service team to
ensure a smooth and fast user experience, it has become a household
name and an indispensable mobile app. In the future, both parties
plan to closely cooperate on the sales of event tickets, celebrity
merchandise, and other products, making them easy and convenient
for people to purchase. To generate higher ticket income, Color
Star is planning on strategically cooperating with sellers and
services in specific countries and regions to open up more
ticketing channels, creating convenient, fast and effective ways
for the public to purchase tickets. At the same time, the Company
is also looking to cooperate with famous businesses to drive up the
commercial value and profits of the live events. Color Star strives
to present the most magnificent live events to maximize the
generation of profits.
Louis Luo, CEO of Color Star,
said, "The planned cooperation between Color Star and Come Come is
perfectly synergistic. Our strengths lie in the live performance
industry, and we are able to organize all kinds of premier
international events, while Come Come is a very successful platform
with a healthy user base. The planned cooperation between the two
parties is expected to drive each other's popularity and economic
income. Popular products offered on a popular platform are expected
to generate a larger amount of sales, and this loop is expected to
yield mutual benefit for both parties. Color Star plans to continue
cooperating with more formidable businesses in the future to create
more sensational projects."
About Color Star Technology Co., Ltd.
Color Star Technology Co., Ltd. (Nasdaq: ADD) 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 Metaverse Pte. 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
and www.colorstar.investorroom.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 ADD 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.
