NEW YORK, Aug. 25, 2020 /PRNewswire/ -- Color Star
Technology Co., Ltd. (Nasdaq CM: HHT) (the "Company", "we" or
"HHT") today announced that its wholly owned subsidiary, Color
China Entertainment Limited ("Color China") has officially reached
a long-term strategic agreement with the Romanian Chamber of
Commerce and Industry. In the future, the two parties will leverage
each other's advantages to develop cooperation on cultural
education, brand promotion, and online star education.
It is understood that this cooperation between the two parties
involves a very wide range of areas. Expanding business in
Europe is an important measure of
the parent company Color Star Technology Co., Ltd through Color
China's soon-to-be launched self-developed star online education
service software. After the software is launched, the Romanian
Chamber of Commerce will be fully responsible for the
implementation of the promotion. With the Chamber of Commerce's
influence and resources in Romania, Color China will cooperate with local
academic institutions on education, research and further studies.
Potential partnership institutions include the Romanian National
Conservatory of Music, the Romanian Film Academy of the Romanian
Radio, and Film and Television Administration which fully supports
Color Star's promotion in Romania.
The Romanian Chamber of Commerce and Industry represents and
safeguards the interests of the business community and its members.
The Chamber of Commerce and Industry is committed to promoting
economic development, improving business competitiveness, and
contributing to the consolidation of the Romanian Chamber of
Commerce and Industry system and the realization of business
prosperity. The Chamber of Commerce and Industry firmly believes
that by promoting investment and strengthening industry training,
it can promote the economic development of Romania. Restarting the local economy is a
priority for the Chamber of Commerce and Industry after the
pandemic. With the support of the Chamber of Commerce and Industry,
Color China will be able to expand its cooperation in Romania.
Mr. Biao Lu, CEO of Color Star
Technology Co., Ltd. comments "Color China's in-depth and long-term
strategic alliance with the Romanian Chamber of Commerce and
Industry will undoubtedly become a mutually beneficial win-win
development to promote joint growth."
About Color Star Technology Co., Ltd.
Color Star Technology Co, Ltd. (Nasdaq: HHT) offers online and
offline innovative knowledge-paid services for music and
entertainment industries globally. Its official website is
www.colorstarinternational.com. 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. The Company also offers
after-school entertainment tutoring in New York via its
joint venture entity Baytao LLC.
Forward-Looking Statements
Certain statements made herein are "forward-looking statements"
within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"anticipate", "believe", "expect", "estimate", "plan", "outlook",
and "project" and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. Such forward-looking statements include the
business plans, objectives, expectations and intentions of the
parties following the completion of the acquisition, and HHT's
estimated and future results of operations, business strategies,
competitive position, industry environment and potential growth
opportunities. These forward-looking statements reflect the current
analysis of existing information and are subject to various risks
and uncertainties. As a result, caution must be exercised in
relying on forward-looking statements. Due to known and unknown
risks, our actual results may differ materially from our
expectations or projections. All forward-looking statements
attributable to the Company or persons acting on its behalf are
expressly qualified in their entirety by these factors. Other than
as required under the securities laws, the Company does not assume
a duty to update these forward-looking statements. The following
factors, among others, could cause actual results to differ
materially from those described in these forward-looking
statements: there is uncertainty due to the COVID-19 pandemic and
the impact it will have on HHT's operations, the demand for the
HHT's products and services, global supply chains and economic
activity in general. These and other risks and uncertainties are
detailed in the other public filings with the Securities and
Exchange Commission (the "SEC") by HHT. Additional information
concerning these and other factors that may impact our expectations
and projections will be found in our periodic filings with the SEC,
including our Annual Report on Form 20-F for the fiscal year ended
June 30, 2019. HHT's SEC filings are
available publicly on the SEC's website at www.sec.gov. HHT
disclaims any obligation to update the forward-looking statements,
whether as a result of new information, future events or
otherwise.
Color Star Technology Co., Ltd.
Contact: Investor Relations
FinancialBuzzIR™
info@FinancialBuzzIR.com
Tele: +1-877-601-1879
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SOURCE Color Star Technology Co., Ltd.