Color Star Technology Announces the Addition of Renowned Musician Larry Carlton to its Color World Online Education Platform

Rhea-AI Summary

Color Star Technology Co., Ltd. (Nasdaq: HHT) has announced a cooperation agreement with musician Larry Carlton, who will serve as a Star Teacher on its online education platform, Color World. Carlton, a four-time Grammy Award winner and celebrated guitarist, aims to enhance the platform's content. CEO Sean Liu expressed ambitions to collaborate with more top artists across various entertainment sectors. Color Star's focus is on delivering innovative education services as they expand their Star Teacher roster, enriching the learning experience for students.

Positive

• Partnership with renowned musician Larry Carlton, enhancing platform credibility.
• Expansion of Star Teacher roster promises richer educational content.

Negative

• Dependence on celebrity partnerships raises sustainability concerns.
• Forward-looking statements include risks related to COVID-19 and operational uncertainties.

NEW YORK, July 7, 2020 /PRNewswire/ -- Color Star Technology Co., Ltd. (Nasdaq CM: HHT) (the "Company," "Color Star," "we" or "HHT") is pleased to announce that Color China Entertainment Limited ("Color China"), a wholly-owned subsidiary of Color Star, has just signed a cooperation agreement with a renowned American musician, Larry Carlton. Larry Carlton will take on the role of a Star Teacher on the "Color World" online education platform, created by Color Star.

Larry Carlton, a guitar master in the music industry, was born in Southern California in March 1948. He is a master of American jazz, blues, pop and rock genres on the guitar and has participated in more than 500 music albums, winning the Grammy Award 4 times. Additionally, he is widely acclaimed as one of the most outstanding guitarists in the jazz scene in the second half of the 20th century. In 1981, Larry Carlton won his first Grammy Award for Best Pop Instrumental Performance for his work on "Theme From Hill Street Blues." He then began working with numerous world-class entertainers, including the legendary blues master B.B King, Jazz Rock Super Group Steely Dan, Hollywood's Sammy Davis Jr. and even Michael Jackson. Overall, Larry Carlton's voracious appetite for music has earned him 19 Grammy nominations and 4 Grammy Awards, a Star of the Rock Hall of Fame in Hollywood, the Titan of Tone award and many others, as well as widespread recognition amongst fellow world class entertainers. His influence can be found in a plethora of genres in today's music scene, with jazz, blues, pop and rock all bearing the mark of Larry Carlton.

Color Star CEO, Sean Liu, said that "in the future, we will cooperate with more top artists and producers in Asia, including music, film, television, animation, dance and other industries. We believe that Color World has the potential to bring richer content to our students."

Color Star plans to continue growing its list of Star Teachers, who will bring their various expertise in music, film, sports, animation, television, presentations, dance, art and other entertainment industries to the Color World platform. Color Star believes that these top celebrities and professionals can pass their precious experiences on to pupils on our platform, helping to instill the desire for knowledge in their hearts.

About Color Star Technology Co., Ltd.

Color Star Technology, is a holding company whose primary business is offering both online and offline innovative education services. Its business operations are conducted through its wholly-owned subsidiaries Color China Entertainment Ltd. and CACM Group NY, Inc. The Company also anticipates providing an after-school tutoring program in New York via its joint venture entity Baytao LLC, and providing online music education via a platform branded "Color World."

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 about the spread of the COVID-19 virus 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.

FAQ

What is the recent cooperation agreement involving HHT?

Color Star Technology (HHT) signed a cooperation agreement with musician Larry Carlton to enhance its Color World online education platform.

Who is Larry Carlton and what is his role in HHT?

Larry Carlton is a renowned guitarist and four-time Grammy winner, who will act as a Star Teacher on HHT's Color World platform.

What are the future plans for Color Star Technology after collaborating with Larry Carlton?

Color Star plans to partner with more artists and expand content offerings in music, film, and other entertainment sectors.

What challenges does Color Star Technology face according to their press release?

The company faces uncertainties related to COVID-19 and its impact on operations and demand for services.