NEW
YORK, Oct. 14, 2022 /PRNewswire/ -- The 5-day
long GITEX Technology Week ("GITEX" or the "Exhibition"), one of
the world's top three information technology exhibitions, is coming
to an end in Dubai. 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, has
benefitted a lot from this Exhibition. Not only did Color Star
introduce and share its ColorWorld Metaverse ("Color World") in
detail on a global stage, but it also officially unveiled its DONO
Metaverse Smartphone together with its partners to the global
market.
Reportedly, GITEX has attracted more than 5,000 exhibitors
originating from over 90 countries to the event, which is currently
the world's largest technology exhibition, this year more so than
ever. His Highness Sheikh Mohammed bin
Rashid Al Maktoum, the Ruler of Dubai, also made an appearance on the first
day of the event. The Exhibition covers new metaverse technologies,
the development of decentralized Internet technologies and a
sustainable global digital economy. As one of the exhibitors, Color
Star was also well-prepared, not only making its booth feel
high-tech, but also effectively exhibiting Color Star's artificial
intelligence and metaverse content over the years to visitors by
means of promotional videos and images. As a metaverse platform
based on "artificial intelligence + celebrity entertainment",
technology is at the core of Color World to drive the fan and
business economies. This also became the biggest highlight of Color
World during the Exhibition. How Color World can be the number one
app in Web 3.0's economy will depend on Color Star's business
advantages and segments. Color Star is the first to bring the fan
economy structure to the metaverse platform, digging and developing
extensively, using VR, AR and AI technologies to create an
immersive virtual world, while bringing together the world's top
celebrities to become metaverse stars; designing and creating
virtual characters, online celebrity courses, and creating digital
products like NFTs to drive the rapid realization of the fan
economy. Complementary to this, Color Star is cooperating with more
and more international businesses, and attracting more commercial
brands to launch their digital products and sell them in their
tailor-made Color World metaverse headquarters.
Not long ago, Color Star established a new cooperation with a
Korean business to create the world's first metaverse smartphone,
the DONO Phone, which received unanimous attention once the news
came out. During this Exhibition, DONO Phone was officially
presented to the world. As a smartphone with metaverse as one of
its core features, it comes with Color World pre-installed. Users
can experience the charm of the colorful metaverse in real time by
simply registering and logging in. In the future, the phone will
implement its own proprietary digital wallet service, "Dono", as
well as a hack-resistant decentralized cloud storage service called
"Dinbin". Breaking the barrier between users and the metaverse,
Color Star will push the metaverse to the masses step by step, and
they will introduce even more technology products and applications.
Color World and DONO Phone, as the two main exhibits of Color Star
in this Exhibition, made a lot of visitors very interested through
the 2D and 3D promotional materials combined with the professional
introductions given by the Color Star team. During the Exhibition,
a large number of industry insiders and visitors came to the booth
for detailed discussions. Color Star was also able to establish
preliminary strategic cooperation intentions with many
international enterprises present at the Exhibition.
Farhan Qadir, CEO of Color Star,
said: "We are very honored to participate in this Exhibition and to
share our achievements with the attendees. Color Star is a
technology company, and is currently at the forefront of both
software and smartphones, which urges us to work harder to develop
and improve our products. Through this Exhibition, we established
contact with many enterprises and made more people aware of what we
do. This will play an important role in the upcoming developments
of the company. We believe that our business segments will become
broader, and we will have earn many more achievements centered
around the metaverse to share with everyone."
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 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 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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SOURCE Color Star Technology Co., Ltd.