NEW YORK, Feb. 11, 2021 /PRNewswire/-- Recently, Color Star
Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as
Color Star or the Company), upgraded the international version of
its official website, www.colorstarinternational.com. The Company's
website has domestic and international versions. As the Company's
business continues to expand and develop, its APP and websites have
also been optimized and upgraded. The Company's APP (Color World
international version) was upgraded at the end of last year, and
has received positive reviews from many subscribers. As Color Star
gradually expands its reach in the international market, its
international version website should also attract more attention
and traffic.
Color Star currently focuses on the fan economy, consisting of
two core businesses, celebrity entertainment and online education.
In the early stages, through heavy investment and the work of a
whole international professional team, the Color World APP became a
global shared entertainment platform that covers online
performances, celebrity courses, innovation and live interactions.
Diversified content and professional production allow members to
maximize the entertainment experience while the Company's stock
performed well in the marketplace. Encouraged by this, Color Star
will expand further into the overseas markets next year. With the
shrinkage of the in-person international entertainment market due
to the Covid-19 epidemic, the Company plans to strengthen its
online business and combine it with offline events in different
regions, to cover both the Company's steady development in the
international market and to benefit he interests of
shareholders.
The Company's revised international website will display its
business more clearly, and the website's main pages and secondary
pages have been perfectly designed and upgraded to cater to the
habits and likes of overseas customers. While browsing the website,
the viewers should gain a comprehensive understanding of the
company's business categories, corporate background and various
major events. This should generate reassurance and gain more trust
from investors and partners.
Since the successful transformation of its business in June last
year, with its strong focus on the market and business environment,
the Company launched an online business segment with virtual
concerts and celebrity courses, maximized celebrity appeal,
successfully attracted fans to the platform and converted them into
members, and accumulated potential consumers for other sections of
the platform. The result is remarkable and its achievements in the
international market are quite impressive. Color Star will continue
deploy this strategy in more countries and regions. CEO
Luke Lu said in a recent interview
with Hong Kong Caihua reporter, "Now that our team has set sights
on Dubai, we are about to start
offline entertainment events in the Middle East. With Dubai as the center, we plan to complete the
establishment of 2 or 3 Live House venues in the Middle East this year. After we have a local
physical Live House, we plan to integrate with an online platform,
as appropriate, to broadcast live performances of artists. At the
same time, our team has received intentions from many companies in
Dubai for TV programs and live
music festivals," concluded Mr. Lu.
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; product and service demand and
acceptance; changes in technology; economic conditions; the growth
of the educational and training services market
in China and other countries 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.
For more information, please contact:
William Tu
Skyline Corporate Communications Group, LLC
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
Email: wtu@skylineccg.com
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SOURCE Color Star Technology Co., Ltd.