Color Star Technology Co., Ltd. (NASDAQ: CSCW) Engages International Firm to Assist with Real Estate-Related Cultural Tourism
Color Star Technology Co., Ltd. (NASDAQ: CSCW) announced a partnership with Coldwell Banker UAE to enhance its real estate-related cultural tourism efforts. This collaboration aims to utilize Coldwell Banker's resources in the Middle East, Europe, and the U.S. for selecting venues and developing real estate projects. Color Star's strategy combines online entertainment with physical venues as it expands its business and markets. The agreement is expected to significantly improve Color Star's operational capabilities in securing venues for performances and training.
- Partnership with Coldwell Banker UAE enhances venue selection and real estate development capabilities.
- Strategic move aligns with Color Star's expansion into cultural tourism and physical projects.
- None.
NEW YORK, Oct. 25, 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 that focuses on the application of technology and artificial intelligence (AI) in the entertainment industry, announced today that its wholly-owned subsidiary, Color China, officially entered into a agreement with Coldwell Banker UAE to leverage Caldwell Banker UAE's deep resources and strengths in international real estate to help Color Star secure venues for real estate-related cultural tourism.
With Coldwell Banker UAE's mature operations structure and abundant resources in the Middle East, Europe, and United States, Color Star's cooperation with the firm rests on the tremendous value they can bring. Coldwell Banker UAE is a world-renowned real estate brokerage firm with 116 years of industry experience and 16 years of local experience in the UAE. The firm is committed to providing the most professional and high-quality real estate services and solutions to customers who invest in UAE real estate.
Upon implementation of a strategic cooperation agreement, Color Star will entrust Coldwell Banker UAE with the selection of performance venues, filming sites, training bases, and investment and development of other real estate projects. In terms of business development, Color Star has focused on the combination of online entertainment via technology and offline physical projects. In recent years, with rapid development of the Company's business and continuous expansion of the overseas market, related sectors became involved. This year, a series of big moves by Color Star — from large-scale performances, to filming site and training base selection, will require the right physical venues.
Douglas P. Menelly, Director of Communications of Color Star, commented: "Real estate is a mainstay of the global economy, and even for an entertainment technology company, some businesses can be integrated. In the meantime, as Color Star evolves to become a composite company, cooperation with powerful international real estate firms can greatly improve the future development and trend of our overall business."
About Color Star Technology
Color Star Technology Co, Ltd. (Nasdaq CM: 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 China Entertainment 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 cooperation to locate suitable venues; 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 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.
Disclosures: Mr. Menelly's services are being provided to Color Star Technology Co., Ltd. through a formal arrangement between Color Star Technology Co., Ltd. and Skyline Corporate Communications Group, LLC.
Skyline Corporate Communications Group, LLC will be compensated by Color Star Technology Co., Ltd.'s (Nasdaq: CSCW) wholly owned subsidiary, Color China Entertainment Ltd., for providing investor relations services to the Company. Please see the 17(b) Disclaimer and Disclosure Statement here: www.skylineccg.com/disclosures
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SOURCE Color Star Technology Co., Ltd.
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