NEW YORK, Sept. 2, 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 China-Korea Culture and
Art Exchange Association in based in Seoul, Korea. In the future, the two parties
will leverage each other's advantages to develop cooperation on
online star education, brand promotion, peripheral products, and
offline training sites.
Korean entertainment market is renowned for strong foundation to
groom top-notch Asian stars and artists. Entertainment industry in
Korea is mature and equipped with substantial resources to breed
stars. We provide a global online training and education platform
for the Korean artists and singers to expand their markets coverage
and at the same time, the Company is benefited in its overall brand
image and market impact.
Mr. Biao Lu, CEO of Color Star
Technology Co., Ltd. comments, "it is a fantastic opportunity for
Color China to strategically tap on the richly potential and
lucrative Korean entertainment market. The profound establishment
of the entertainment industry there shall bring tremendous
long-term benefits to the company while Korean stars and
celebrities will further thrive on our global online platform.
Furthermore, stars are carrying along commercially strong
peripheral merchandises which will generate meaningful revenues for
the company."
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. The Company routinely posts
important information on its website. 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.