New York, December 29, 2022 /PRNewswire/ — A few days ago, the 2022 Color Star European Winter Tournament was in full swing with entertainment technology Color Star Technology Co., Ltd. (Nasdaq: ADD) (“Color Star” or the “Company”). did. Title sponsor of a global network company focused on the application of technology and artificial intelligence in the entertainment industry. Color Star’s partner team, Villarreal Club de Fútbol, SAD (“Villarreal”), achieved an impressive result during the Tour, beating Italian giants SSC. Naples At the 3-2 scoreline and before it’s best again England’s Aston Villa FC 1-0 on the road. Villarreal’s strength needs no more proof. The team’s goal is to become the Color Star Cup Champion.
This is the first time that Color Star will serve as the title sponsor of an international soccer tournament, demonstrating the company’s strengths. More importantly, Color Star has previously announced an increase in its sports content output, and the deep cooperation with Villarreal and the acquisition of world-class players and stars will bring Color Star’s rapid progress and growth to the world. is showing. Color Star collects all clips of exciting highlights from sponsored events and transforms them into his NFTs for fans to purchase.
In addition to working with the Villarreal team to arrange offline events to attract more teams and celebrities to attend, Color Star leverages the ColorWorld metaverse software (“Color World”) to create virtual worlds, games and online educational courses. is created online. Platforms, and his NFT releases specifically for platforms. The user flow between Color Star’s offline and online content creates constant user flow and software development demand.
Color Star CEO Farhan said: This leads to more fans interested and downloading the app. More users means more demand, and we can develop and scale content to meet that demand You can. In the near future, people will see Colorstar sponsored.With more important international sporting events taking place, our software will introduce more sports content. . ”
About Color Star Technology Co., Ltd.
Color Star Technology Co., Ltd. (Nasdaq: ADD) is an entertainment and education company that provides online entertainment performance and online music education services. Its business operations are conducted through its wholly-owned subsidiary, Color Metaverse Pte. The company’s online education is delivered through Color World’s music and entertainment education platform. For more information about our company, please visit www.colorstarinternational.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statement of historical fact. When we “may”, “will”, “intend”, “should”, “believe”, “expect”, “predict”, “forecast”, “estimate”, etc. When we use words that are not singularly relevant, we are making forward-looking statements with respect to historical issues. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from our expectations set forth in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to: Company goals and strategies. Our future business development, including the development of the Metaverse project. Demand and acceptance of products and services. changes in technology; economic conditions; and growth in the international education and training services market in which ADD operates. reputation and brand; the impact of competition and pricing; government regulations; changes in general economic and business conditions, and assumptions underlying or relating to the aforementioned risks and other risks included in our reports filed with the Securities and Exchange Commission; For these reasons, among other things, investors are cautioned not to place undue reliance on the forward-looking statements in this press release. Other factors are described in the company’s filings with the US Securities and Exchange Commission, which can be viewed at www.sec.gov. We undertake no obligation to publicly revise these forward-looking statements to reflect events or circumstances after the date hereof, unless required by applicable law, regulation or rule. will do.
SOURCE Color Star Technology Co., Ltd.
