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.
