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Color Star Announces the Appointment of New Vice President

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Color Star Technology Co., (Nasdaq: ADD), an entertainment technology company focusing on AI in the entertainment industry, has appointed Ren Pelosi as its new vice president, effective September 1, 2024. Ms. Pelosi, previously an equity trader at World Trade Securities, brings a strong background in finance and strategy to the role. She holds a bachelor's degree in Finance from St. Cloud State University and a master's degree in Cognitive Science from Columbia University.

CEO Haixiang Luo expressed high expectations for Ms. Pelosi's contribution, particularly in driving new breakthroughs in investment and financial management. The company aims to leverage her expertise to achieve greater success in the investment field and support future developments.

Color Star Technology Co., (Nasdaq: ADD), un'azienda di tecnologia per l'intrattenimento focalizzata sull'IA nell'industria dell'intrattenimento, ha nominato Ren Pelosi come suo nuovo vicepresidente, con effetto dal 1 settembre 2024. La signora Pelosi, precedentemente trader azionario presso World Trade Securities, porta con sé una solida esperienza in finanza e strategia nel ruolo. Ha conseguito un laurea in Finanza presso la St. Cloud State University e un master in Scienze Cognitive presso la Columbia University.

Il CEO Haixiang Luo ha espresso grandi aspettative per il contributo della signora Pelosi, in particolare nel promuovere nuove innovazioni nella gestione degli investimenti e finanziaria. L'azienda punta a sfruttare la sua esperienza per raggiungere un successo maggiore nel campo degli investimenti e sostenere sviluppi futuri.

Color Star Technology Co., (Nasdaq: ADD), una empresa de tecnología de entretenimiento centrada en la IA en la industria del entretenimiento, ha nombrado a Ren Pelosi como su nueva vicepresidenta, efectiva el 1 de septiembre de 2024. La Sra. Pelosi, anteriormente comerciante de acciones en World Trade Securities, aporta una sólida experiencia en finanzas y estrategia al cargo. Posee un título de licenciatura en Finanzas de la St. Cloud State University y un maestría en Ciencias Cognitivas de la Universidad de Columbia.

El CEO Haixiang Luo expresó altas expectativas por la contribución de la Sra. Pelosi, particularmente en impulsar nuevos avances en la gestión de inversiones y financieras. La empresa tiene como objetivo aprovechar su experiencia para lograr un mayor éxito en el campo de las inversiones y apoyar futuros desarrollos.

Color Star Technology Co., (Nasdaq: ADD), 엔터테인먼트 산업에서 AI에 중점을 둔 엔터테인먼트 기술 회사가 Ren Pelosi를 새로운 부사장으로 임명했습니다, 2024년 9월 1일부터 효력이 발생합니다. Pelosi씨는 이전에 World Trade Securities에서 주식 거래자로 일했으며, 이 역할에 재무 및 전략에 대한 강력한 배경을 제공합니다. 그녀는 St. Cloud State University에서 재무학 학사를, Columbia University에서 인지과학 석사를 소지하고 있습니다.

CEO Haixiang Luo는 특히 투자 및 재무 관리에서의 새로운 혁신을 주도하는 Pelosi씨의 기여에 대해 높은 기대를 표명했습니다. 회사는 그녀의 전문 지식을 활용하여 투자 분야에서 더 큰 성공을 이루고 미래의 개발을 지원하는 것을 목표로 하고 있습니다.

Color Star Technology Co., (Nasdaq: ADD), une entreprise de technologie du divertissement axée sur l'IA dans l'industrie du divertissement, a nommé Ren Pelosi en tant que nouvelle vice-présidente, à compter du 1er septembre 2024. Mme Pelosi, auparavant négociatrice d'actions chez World Trade Securities, apporte un solide bagage en finance et en stratégie à ce poste. Elle possède un diplôme de licence en finance de la St. Cloud State University et un master en sciences cognitives de l'Université Columbia.

Le PDG Haixiang Luo a exprimé de grandes attentes concernant la contribution de Mme Pelosi, en particulier en faisant avancer de nouvelles percées dans la gestion des investissements et des finances. L'entreprise vise à tirer parti de son expertise pour atteindre un plus grand succès dans le domaine des investissements et soutenir les développements futurs.

Color Star Technology Co., (Nasdaq: ADD), ein Unterhaltungsunternehmen, das sich auf KI in der Unterhaltungsindustrie konzentriert, hat Ren Pelosi als seine neue Vizepräsidentin ernannt, mit Wirkung zum 1. September 2024. Frau Pelosi, die zuvor als Aktienhändlerin bei World Trade Securities tätig war, bringt eine starke Erfahrung in den Bereichen Finanzen und Strategie in diese Rolle ein. Sie hat einen Bachelor-Abschluss in Finanzwesen von der St. Cloud State University und einen Master-Abschluss in Kognitionswissenschaft von der Columbia University.

CEO Haixiang Luo äußerte hohe Erwartungen an den Beitrag von Frau Pelosi, insbesondere im Vorantreiben neuer Durchbrüche in der Investitions- und Finanzverwaltung. Das Unternehmen plant, ihr Fachwissen zu nutzen, um im Investitionsbereich größeren Erfolg zu erzielen und zukünftige Entwicklungen zu unterstützen.

Positive
  • Appointment of a new vice president with strong finance and strategy background
  • Potential for improved investment and financial management strategies
Negative
  • None.

NEW YORK, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Color Star Technology Co., Ltd. (Nasdaq: ADD) ("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, announces today the appointment of distinguished finance and strategy expert, Ren Pelosi, as vice president of the Company, effective September 1, 2024.

Prior to this appointment, Ms. Ren Pelosi has served as an equity trader at World Trade Securities. She holds a bachelor’s degree in Finance from St. Cloud State University and a master's degree in Cognitive Science from Columbia University.

The Company hopes to leverage Ren Pelosi's financial and strategic expertise to achieve new breakthroughs and innovations in investment and financial management in the future.

Commenting on the appointment, Color Star's CEO, Haixiang Luo, expressed his high level of anticipation, “We are very honored to have Ms. Ren Pelosi join the Company. Her background will give a strong impetus to the Company's future developments. We are confident that under Ms. Ren Pelosi's leadership, the Company will achieve even greater success in the field of investments.”

About Color Star Technology Co., Ltd.

Color Star Technology Co., Ltd. (Nasdaq: ADD) 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 and www.colorstar.investorroom.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 ADD conducts its business; reputation and brand; the impact of competition and pricing; government regulations; the occurrence of any event, change or other circumstances that could give rise to the terms of the LOI not hereafter being memorialized in a definitive agreement; the outcome of any legal proceedings that have been, or will be, instituted against Color Star or other parties to the LOI following announcement of the LOI and transactions contemplated therein; the ability of Color Star to meet NASDAQ listing standards in connection with the consummation of the transaction contemplated therein; the inability to complete the transactions contemplated by the LOI due to the failure to meet certain closing conditions; risks that the proposed transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the announcement of the LOI and consummation of the transaction described therein; costs related to the proposed acquisition; changes in applicable laws or regulations; the ability of the combined company to meet its financial and strategic goals, due to, among other things, competition, the ability of the combined company to grow and manage growth profitability, maintain relationships with customers and retain its key employees; the possibility that the combined company may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by Color Star. 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.

For more information, please contact:

Color Star Investor Relations
Office Number No. 1003, 9th Floor,
7 World Trade Center, Suite 4621        
New York NY 10007
Office: (212) 410-5186
Email ir@colorstarinternational.com


FAQ

Who is the new vice president of Color Star Technology (ADD)?

Ren Pelosi has been appointed as the new vice president of Color Star Technology (ADD), effective September 1, 2024.

What is Ren Pelosi's background before joining Color Star Technology (ADD)?

Prior to joining Color Star Technology, Ren Pelosi served as an equity trader at World Trade Securities. She holds a bachelor's degree in Finance from St. Cloud State University and a master's degree in Cognitive Science from Columbia University.

How does Color Star Technology (ADD) expect to benefit from Ren Pelosi's appointment?

Color Star Technology expects to leverage Ren Pelosi's financial and strategic expertise to achieve new breakthroughs and innovations in investment and financial management, potentially leading to greater success in the investment field.

When did Ren Pelosi's appointment as vice president of Color Star Technology (ADD) become effective?

Ren Pelosi's appointment as vice president of Color Star Technology (ADD) became effective on September 1, 2024.

Color Star Technology Co., Ltd.

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