NEW YORK, 23 August 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, announces today that it has entered into a strategic partnership with the Emirates Travelers’ Festival and that it has held a grand ceremony at Dubai. The event was attended by international leaders from all walks of life, including Awad Mohammed bin Sheikh Mujrin, a member of the royal family, and the Korean ambassador to the United Arab Emiratesetc., which made the event a great success.
We inform you that on the day of the event, Mr. Farhan Qadirthe CEO of Color Star, showed his great hospitality to all guests and also presented in detail Color Star and Color World Metaverse software. Muhammad Ahmed Khan, the head of the Color Star technical team presented the R&D and contents of the Color World Metaverse on stage, and explained one by one the design and design of the software, which made the guests feel the strength and professionalism of Color Star. Mr. Qadir said: “As CEO of Color Star, I am very happy to be able to experience the fascination of our metaverse software with everyone here. In a challenging global economic environment, the combination of artificial intelligence and entertainment enables the company to take full advantage of its resource advantages, create a global entertainment platform for celebrities, experience the fascination of technology in three dimensions and make more people willing to spend time in the world of color, which is very difficult and requires that our technical team is even more excellent and hardworking. So for the result now, I am very grateful for the efforts of the team and, as CEO, I will also put more of my experience and business resources into the company to deepen and develop more virtual scenes, NFT, etc., so that Color Star can occupy the vanguard in the world of technological entertainment more quickly and costan you. I will also give 100% commitment to work side by side with my team to make Color World Metaverse better and more complete, and also try to ensure that our market value constantly grows all the way through so that our partners and shareholders can reap more business value “.
The partnership between Color Star and Emirates Travelers’ Festival was at the heart of the day’s event. Everyone is also very interested in the future collaborations between the two sides. Subsequently, the Emirates Travelers’ Festival will enter the metaverse. The Color Star team will not only design and build the world’s first metaverse headquarters for the company, but will also work on collaborative projects more related to the metaverse.
The core of the Color World Metaverse platform lies in artificial intelligence and celebrity entertainment, with the goal of changing lives through technology. And as such, Color Star will introduce the world to a unique new business model and profit point. Founded in 2012, the Emirates Travelers’ Festival is the world’s largest gathering of travelers and explorers. After the partnership with Color Star, the two companies will cooperate not only in travel but also in other activities, both physical and online.
Color World Metaverse has now successfully attracted many established international businesses to join its platform and have a headquarters in the metaverse built for them. This has become the most important feature and highlight of the Color World metaverse. At the same time, the team is actively enriching the software content and introducing the combination of physical and digital products at each company’s metaverse headquarters. After logging in, metaverse members can choose to consume, purchase, or try all other entertainment features, which will be greatly enhanced to meet everyone’s entertainment needs. Furthermore, Color Star’s goal for its software is very clear: Color World Metaverse has the digital economy as its business focus, so that businesses and users in the metaverse can both benefit from each other. Businesses rely on individual users for digital brand marketing, while users rely on businesses to offer personalized targeted marketing to form a closed-loop chain, which is what Color Star hopes to see and will no doubt become a major strength in promoting the metaverse. Color World Metaverse is already available on all major app stores. Users can search for the name to instantly download the app.
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 regarding plans, objectives, objectives, strategies, future events or underlying performance and assumptions and other statements other than statements of historical facts. When the Company uses words such as “may”, “will fly”, “I mean”, “should”, “believe”, “expect”, “anticipate”, “project”, “estimate” or similar expressions that are not solely concerned with matters historical, is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause 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 objectives and strategies of the Company; the future development of the Company’s business, including the development of the metaverse project; demand and acceptance of products and services; changes in technology; economic conditions; the growth of the international education and training services market in which CSCW carries out its business; reputation and brand; the impact of competition and prices; government regulations; fluctuations in general economic and business conditions and assumptions underlying or related to any of the aforementioned and other risks contained in the reports submitted by the Company to the Securities and Exchange Commission. For these reasons, among other things, investors are cautioned not to place undue reliance on the forward-looking statements contained in this press release. Additional factors are discussed in the Company’s filings with the US Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly review these forward-looking statements to reflect events or circumstances occurring after the date of this document, unless required by applicable law, regulation or rule.
SOURCE Color Star Technology Co., Ltd.
