NEW YORK, Oct. 1, 2020 /PRNewswire/ -- Color Star
Technology Co., Ltd. (formerly, Nasdaq CM: HHT) (the "Company", or
"Color Star"), a company engaged in the businesses of providing
online and offline paid knowledge services for the media,
entertainment and culture industries globally, today announced that
the Company's ordinary shares will commence trading on the NASDAQ
Capital Market under the new ticker symbol "CSCW" (Nasdaq CM:
CSCW), effective prior to the open of markets today. It represents
the abbreviation of "Color Star Color World". The changes reflect the Company's
on-going efforts to transform itself into a brand-centric paid
knowledge services platform with focuses on the music and live
entertainment industries.
"Following the success of our Color World Online Concert in
September, our recently launched Color World App has reached over
500,000 registered users - not a small feat for our team. As we
continue to add new artists to our platform and introduce new
features to our Color World App, including the planned launches of
interactive live streaming and online store on October 15 and October 25,
2020, respectively, we are increasingly confident about the
outlook for the Company and believe that we can move across the
mark of 1,000,000 registered users by the end of the year,"
Commented Luke Lu, Chairman and Chief Executive Officer of Color
Star.
About Color Star Technology
Color Star Technology Co, Ltd. (Nasdaq CM: CSCW) offers online
and offline paid knowledge services for media, entertainment and
culture industries globally. 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. 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. Specifically, the Company's
statements regarding the proposed acquisition of FENT are
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 HHT 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.
For more information, please contact:
Tony Tian, CFA
Email: ttian@weitianco.com
Phone: +1-732-910-9692
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SOURCE Color Star Technology Co., Ltd.