NEW YORK, February 10, 2022 /PRNewswire/ — Color Star Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as “Color Star” or the “Company”), a globally networked entertainment technology company focused on the application of technology and artificial intelligence (” IA”) in the entertainment industry, today announced that a well-known restaurant brand in dubai, [Lang Xian Catering ] (“Lang Xian Catering”) will be featured in the beta version of the Color World App metaverse platform when it officially launches next on January 28and2022.
Color World App metaverse beta will dedicate dubai as a representative city to display virtual reality and metaverse content. In order to create a world comparable to the general reality, Color Star will introduce various types of companies and brands to join it and build it a 3D headquarters while establishing more scenarios and virtual business models. Lang Xian Catering with a high reputation in dubai will be officially invited to enter the Color World application, becoming the first catering company to be installed there.
Lang Xian Catering has been a hot spot in dubai. As a catering company with physical stores, Lang Xian Catering plans to set up more physical stores in the future and expand its development goals to the Internet. This development perspective coincides with Color Star. Thanks to the cooperation between the two parties, customers will not only be able to order food online in the future, but also experience online and offline integration, which is the new development trend of this catering business. For Color Star, the entry of this catering business can transform the roles of Color Star members and Lang Xian Catering consumers. At the same time, the Color World app can perform virtual transactions, influencer live broadcasts, e-commerce marketing and food sharing sessions to better integrate with various aspects such as physical experience offline. As the launch nears, more and more companies are stationed on the Color World App metaverse platform. Because in the Color World metaverse, it’s no longer about a traditional online browsing experience, but rather about interaction and communication and it’s essentially a new experience made possible by technology. Color World app users can meet and chat, shop and eat, watch celebrity performances, participate in live webcasts, and more. in the future. With the entry of various enterprise brands, in addition to enriching the platform of Color World App, more people will be attracted to register as members.
Lucas Capetian, CEO of Color Star Technology, said, “We have identified many companies that will be installed in the Color World app. Such an arrangement can provide our members with richer and more 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 industries. As the number of users of Color World App increases, it is equivalent to creating a large consumer base. For companies that are already installed in the Color World app, we can conduct deeper cooperation with them in related business areas.”
About Color Star Technology
Color Star Technology Co, Ltd. (Nasdaq: CSCW) is an entertainment and education company that provides online entertainment shows and online music education services. Its business activities are conducted through its wholly owned subsidiaries, Color China Entertainment Ltd. and CACM Group NY, Inc. The Company’s online education is delivered through its Color World music and entertainment education platform. For more information about the company, visit www.colorstarinternational.com.
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding future plans, objectives, goals, strategies, events or performance, as well as underlying assumptions and other statements other than statements of historical fact. Where the Company uses words such as “may”, “will”, “intend”, “should”, “believe”, “expect”, “anticipate”, “plan”, “estimate” or similar expressions that do not relate solely to historical matters, it makes 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 described in the forward-looking statements. These statements are subject to uncertainties and risks, including, but not limited to, the following: the Company’s objectives and strategies; the future business development of the Company, including the development of the metaverse project; requesting and accepting products and services; changes in technology; economic conditions; the growth of the international education and training services market in which CSCW operates; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions and assumptions underlying or relating to any of the foregoing and other risks contained in the Company’s filings with the Securities and Exchange Commission. For these and other reasons, investors are cautioned not to place undue reliance on any forward-looking statements contained in this press release. Other factors are discussed in the Company’s filings with the United States Securities and Exchange Commission, which may be viewed at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances occurring after the date hereof, except as required by applicable laws, regulations or rules.
For more information please contact:
Color Star Investor Relations
250 Greenwich Street, Suite 4621
New York, NY 10006
Office: (212) 410-5186
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SOURCE Color Star Technology Co., Ltd.