NEW YORK, April 14, 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, announces today that their partner team Villarreal CF, nicknamed the "Yellow Submarine", has admirably achieved even more footballing glory by defeating Bayern Munich by 2-1 on aggregate in order to advance to the Champions League semi-finals.
As a global partner of the team, Color Star also issued their congratulations at once, expecting the team to ultimately win the Champions League crown.
It is worth mentioning that this is the second time in the history of Villarreal CF where they have reached the semi-finals of the Champions League. The first time was during the 2005-06 season. Since the beginning of this Champions League season, Villarreal CF has received a lot of attention and the team has been able to maintain a winning streak in the face of the strongest teams, which has given the fans more confidence in their ability to win the tournament. After the match, the team's centerback and captain, Raúl Albiol, said in an interview with the media that "we think we have the ability to continue to compete, this team knows how to compete and has a lot of merits, but we have to keep working hard".
On the other hand, Color Star, as Villarreal CF's global partner, is undoubtedly lucky and perceptive. Since its subsidiary Color Sky officially signed the cooperation in February this year, the Company has greatly increased its brand awareness in Europe and the world by virtue of the team's influence and appeal. The number of registered users of the Color World metaverse platform developed by the Company has also increased rapidly. Both parties are happy to see further cooperation, not only in major tournaments, but also in more online and offline cooperation which will be carried out.
Color Star is a NASDAQ-listed company, the Company mainly focuses on artificial intelligence, as it works towards vigorously developing and integrating the technology into cultural and economic industries. In recent years, in the face of the global business environment changed by the epidemic, Color Star has focused on the development of "intelligent technology + direct interactions" as the main attraction of the application software Color World. Now, Color World has become a metaverse platform that is working with many top international athletes and celebrities to not only explore more possibilities of cooperation within the metaverse, but also to carry out offline cooperation to take advantage of both worlds.
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 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.
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