NEW
YORK, Dec. 20, 2022 /PRNewswire/ -- Color Star
Technology Co., Ltd. (Nasdaq: ADD) ("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, would like to
congratulate Villarreal players Juan Foyth and Gerónimo Rulli for
winning the FIFA World Cup Qatar 2022 with the Argentine national
team. At the same time, the rest of the Villarreal team were on a
European tour sponsored by Color Star and achieved good results,
putting the team's impressive skills on display.
During the World Cup, the players showed the world the charm of
soccer through their incredible team chemistry and individual
skills. Each player represented their team, their country, and most
importantly, the beautiful sport of soccer. Although Foyth and
Rulli did not receive many chances to shine, their young age
indicates a promising future with lots of glory awaiting them.
Not long ago, Color Star and Villarreal joined forces again and
renewed their partnership. Up till now, the two sides have
established a solid partnership, and going forwards, they will
jointly develop and extend their cooperation in soccer, including
tournament titles, masterclasses, and other related products. Color
Star has made significant efforts creating new sports and
entertainment content in recent years, and has signed with a number
of famous athletes, celebrities and teams, including Villarreal. In
the future, it will develop more content through Color World and
produce digital products and media content.
Farhan Qadir, CEO of Color Star,
expresses: "Soccer is one of the most popular sports in the world,
and as a technology company, we hope to help this sport sweep the
whole world as well as our metaverse platform. We would also like
to sincerely invite more teams and celebrities to partner with us,
and we will provide the best and most favorable platform for them
to develop their business on."
About Color Star Technology Co., Ltd.
Color Star Technology Co., Ltd. (Nasdaq: ADD) 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 ADD 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.
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SOURCE Color Star Technology Co., Ltd.