NEW
YORK, May 9, 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, today announced that it
will continue to host the popular KPOP idol group XODIAC, this time
hosting a concert taking place in London,
UK on June 1, 2023. This will
be Color Star's second collaboration with the group after their
concert in the Netherlands on
May 30, 2023, with plans to create
another exciting audio-visual extravaganza together.
Since their debut on April 25,
2023, the new-generation super group XODIAC has quickly
risen in popularity with their outstanding singing, dancing, and
charm. Their debut song "THROW A DICE" quickly ignited social
media, and the group has been regarded as the new-generation super
idol group. XODIAC, who has already amassed a huge following,
quickly organized a world tour to allow more fans to witness their
talent in person. Their first stop was in Amsterdam, Netherlands, to be soon followed by
London, UK, and their explosive
performances are a testament to their skills and popularity. As the
organizer of the two consecutive concerts, Color Star is proving
its position in the entertainment industry and plan to create a
stunning colorful music world with XODIAC's live performances,
highlighting an immersive experience that will dazzle all
viewers.
As one of Color Star's core businesses, our entertainment
projects will be fully revived this year, and we plan to present
multiple exciting shows and major events in partnership with
international top star groups worldwide. Color Star plans to
promote trending entertainment by continuously organizing concerts
for various entertainment groups in Europe to increase its market share there. In
the future, Color Star plans to hold multiple large-scale shows
worldwide. We believe that our organization of increasing numbers
of offline performances will not only increase our influence to
increase the number of users of our software platform but also
bring in substantial revenue from ticket sales and related
peripheral businesses.
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.