CSCW) will soon launch Metaverse VR scenes on the Color Star app



NEW YORK, Sept. 21, 2021 / PRNewswire / – Color Star Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as “Color Star” or the “Company”), an entertainment technology company with a global network focused on the application of technology and artificial intelligence (AI ) in the entertainment industry, announces that after continued efforts, the Company’s research laboratory in Dubai will soon be launching virtual reality (VR) metaverse scenes for the Color Star app.

Color Star APP is an interactive celebrity platform created by Color Star, which recently made inroads in the research and development of the metaverse. After the launch of virtual characters and virtual scenes, the company will continue to launch VR scenes combined with the VR vision system. The metaverse scenes that will be launched will be primarily used in the course content section of the Color Star app. The Company and its partners have jointly developed and produced more than 1,000 scenes combining reality and virtuality. With the online application of virtual reality scenarios, Color Star will bring new visual experiences to users around the world.

Sir. Basil Wilson, CEO of Color Star, commented: “During the research and development process of the Metaverse project, we developed specific development plans. All of our creative staff and R&D staff have gone out of their way to achieve the visions and goals of the company. Our thoughts and understanding of the Metaverse has always been that the Metaverse is not just an abstract concept, but something that can be turned into a concrete and achievable project. Color Star will create the core of the Metaverse, where we develop and put into place. ‘Update the entertainment content and scenes first, then add social content, shopping, travel and other virtual reality content to make our product planning more comprehensive and diverse. “

The VR metaverse scenes that launch will continue to add and provide updates for the current selection of app scenes. Color Star has already contacted and negotiated with a number of VR visual product manufacturing companies around the world, and will soon be launching its own VR glasses, VR headsets and other support products.

About Color Star Technology

Color Star Technology Co, Ltd. (Nasdaq CM: CSCW) is an entertainment and education company providing online entertainment shows and online music education services. Its business activities 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 education and entertainment platform. You can find more information about the company 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 regarding future plans, objectives, goals, strategies, events or performance, and assumptions underlying statements and other statements that are other than statements of historical fact. When the Company uses words such as “may”, “will”, “intend”, “should”, “believe”, “expect”, “anticipate”, “plan”, “estimate” or similar phrases that do not relate solely to historical matters, it makes forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties which may cause actual results to differ materially from the expectations of the Company discussed in the forward-looking statements. These statements are subject to uncertainties and risks, including, but not limited to, the following: the objectives and strategies of the Company; the future business development of the Company; demand and acceptance of products and services; technological changes; economic conditions; the growth of the education and training services market in China and other countries where CSCW operates; 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 risks and other risks contained in the reports filed by the Company with the Securities and Exchange Commission. For these and other reasons, investors are cautioned not to place undue reliance on any forward-looking statements contained in this press release. Additional factors are discussed in documents filed by the Company with the United States Securities and Exchange Commission, which are available for review at www.sec.gov. The Company assumes 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:

Guillaume Tu
Skyline Corporate Communications Group, LLC
One Rockefeller Plaza, 11th Floor
New York, New York 10020
Office: (646) 893-5835
Email: [email protected]

Cision

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SOURCE Color Star Technology Co., Ltd.


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