NEW
YORK, Oct. 24, 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, officially
announced that the Company will renew its business partnership with
European soccer powerhouse Villarreal CF ("Villarreal") and
continue writing footballing history together.
Finishing in the semifinals of the 2021-2022 UEFA Champions
League season, Villarreal can be said to have made a big splash
this year. At the beginning of the year, Color Star and Villarreal
reached a business partnership agreement. Through its stunning
performances, the soccer team has cemented its status in the world
of soccer, which also allowed Color Star to receive some public
attention as well, thanks to the club's strong appeal, raising the
Company's popularity around the world. Its metaverse platform,
ColorWorld Metaverse ("Color World"), has seen a surge in user
number and a much higher number of views in the sports segment. The
partnership between Color Star and Villarreal is a potent one, and
both sides have been developing very well. Following the expiration
of the first partnership agreement, Color Star has decided to renew
their partnership with the La Liga powerhouse, and the Company
hopes to further increase their partnership efforts. The soccer
team was also very cooperative and said they will reward their
partners and fans with better results.
Villarreal is known affectionately by their fans as the "Yellow
Submarine". They have numerous honors and achievements to their
name throughout the history of soccer, which includes beating
Manchester United to win the UEFA Europa League competition,
winning the UEFA Intertoto Cup twice, two-time UEFA Champions
League semi-finalists, European Super Cup runner-up, and La Liga
runner-up. This year in particular, they have managed to beat both
Juventus and Bayern Munich to reach the semi-finals in the
Champions League, which has been highly praised and admired by the
soccer world. The Italian star, Tachinardi, has said that
Villarreal is a team that is not afraid of strong opponents. From
here onwards, the team will write even more soccer fairytales, and
as a partner, Color Star will fully support them on their journey.
At the same time, Color Star will continue to grow their metaverse
sports segment, create more soccer content, NFT products and
virtual spaces linked to Villarreal.
Farhan Qadir, chief executive
officer of Color Star, said: "We are also very happy that Color
Star and Villarreal can continue to work together, which also means
that our partnership is sincere and enjoyable. This time, the two
sides will have an even deeper understanding of each other, leading
to a more productive partnership. We are very much looking forward
to it. For Color World, which is already online, it will also be
able to enjoy more media attention and a growing user count brought
by the partnership."
About Color Star Technology Co., Ltd.
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 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.
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.
View original
content:https://www.prnewswire.com/news-releases/color-star-and-villarreal-renew-partnership-to-achieve-more-footballing-success-301657038.html
SOURCE Color Star Technology Co., Ltd.