NEW
YORK, Oct. 20, 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, recently
announced that Color Metaverse Pte. Ltd. ("Color Metaverse"), a
subsidiary of Color Star, held a signing ceremony in Dubai to officially sign a strategic
cooperation agreement with A-NEX Korea ("A-NEX"), a Korean company.
The two sides will focus on further cooperation around the DONO
Phone and the ColorWorld Metaverse ("Color World"). On the day of
the signing ceremony, Color Star CEO Farhan
Qadir and Awad Mohammed bin Sheikh Mujren of the royal
family of Dubai, attended the
event together with a number of political and business celebrities
to witness the signing of the agreement between the two
parties.
It is understood that following the ceremony, the two sides will
formally discuss and develop cyber security technologies, metaverse
project, and metaverse mobile communication strategy. A-NEX, a very
powerful technology company, will also be joining the Color World
platform, becoming the first technology company to do so. Color
Star will create a metaverse headquarter for it, and will also
include A-NEX projects along with it in the future. In addition,
A-NEX will also provide cyber security technology to Color Star to
strengthen the metaverse software application together with Color
Star's technical team.
Farhan Qadir, CEO of Color Star,
said: "I'm very happy that Color Metaverse has signed a strategic
cooperation agreement with A-NEX. Especially in the area of network
technology, both sides have their own strengths which complement
one another, and that's a sign for a very beneficial cooperation.
We have already cooperated with A-NEX before, and it was very tacit
and harmonious. Following this agreement, we will give full play to
our respective advantages, and we will cooperate closely together
on developing our metaverse application, as well as on the
optimization and development of the DONO Phone."
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 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.
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.
View original
content:https://www.prnewswire.com/news-releases/color-star-signs-crucial-international-cooperation-agreement-with-color-world-as-main-focus-301654720.html
SOURCE Color Star Technology Co., Ltd.
