NEW YORK, Feb. 10, 2022 /PRNewswire/ -- Color Star
Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as
"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,
announces today that a well-known catering brand in Dubai, [Lang Xian Catering ] ("Lang Xian
Catering") will be featured in the beta version of the
metaverse platform Color World App in its upcoming official launch
on January 28th, 2022.
The metaverse beta version of Color World App will dedicate
Dubai as the representative city
to display the virtual reality and metaverse contents. In order to
create a world comparable to reality in general, Color Star will
introduce various types of businesses and brands to join it and
build a 3D headquarter for it while establishing more virtual
trading scenarios and models. Lang Xian Catering with a great
reputation in Dubai will
officially be invited to enter the Color World App, becoming the
first catering company to be stationed there.
Lang Xian Catering has been a hot spot in Dubai. As a catering business with physical
stores, Lang Xian Catering plans to set up more physical stores in
the future and extend its development goals to the Internet. This
prospect of development coincides with Color Star. Through the
cooperation between the two parties, customers can not only order
food online in the future, but also experience the integration of
online and offline, which is the new development trend of this
catering company. For Color Star, the entry of this catering
company can transform the roles of Color Star members and Lang Xian
Catering consumers. At the same time, the Color World App can
conduct virtual transactions, influencer livestreaming, e-commerce
marketing, and food sharing sessions to better integrate into
various aspects such as offline physical experience. As the launch
is approaching, more and more companies are stationed in the
metaverse platform Color World App. Because in the Color World
metaverse, it is no longer a traditional online browsing
experience, instead, it involves more interaction and communication
and is essentially a novel experience enabled by technology. The
users of the Color World App can meet and chat, shop and eat, watch
celebrity performances, join live webcasts, and the like in the
future. With the entry of various corporate brands, in addition to
enriching the platform of Color World App, more people will be
attracted to sign up as members.
Lucas Capetian, CEO of Color Star Technology said: "We have
identified many companies to be stationed in the Color World App.
Such an arrangement can provide our members with more rich and
colorful technological experiences. At the same time, we can also
bring unlimited business opportunities to these companies. For
Color Star, our profits come from our users and related sectors. As
the number of users of Color World App increases, it is equivalent
to building a large consumer base in it. For companies that have
already stationed in the Color World App, we can carry out more
in-depth cooperation with them in related business
sectors."
About Color Star Technology
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.
For more information, please
contact:
Color Star Investor Relations
250 Greenwich St, Suite 4621
New York, NY 10006
Office: (212) 410-5186
Email ir@colorstarinternational.com
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SOURCE Color Star Technology Co., Ltd.