NEW
YORK, Sept. 1, 2023 /PRNewswire/ --The Color
World Cup - WBA World Tour organized by the World Boxing
Association ("WBA") and 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, has reached a perfect conclusion. Spectators were full of
praise and appreciation for the high level of boxing and the
electric atmosphere in the venue.
Color Star, a publicly traded company in the U.S., combines
aspects of entertainment with top-level sports competitions. From
intricately designed stage lighting to working with international
sporting organizations such as the WBA, Color Star makes sure that
every event lives up to its true potential. According to the
broadcasting platforms, the number of viewers watching the Color
World Cup exceeded 4 million.
The Color World Cup - WBA World Tour is an international boxing
event jointly organized by Color Star Technology and the World
Boxing Association in 2023, with the first location set in
Dubai. The Company
made significant efforts towards planning, scheduling, and
selecting the venue in order to create an influential and exclusive
boxing event that compellingly promotes the sport. At the event,
members of the Dubai
royal family were present along with local and international
celebrities and media outlets. The Color World Cup - WBA World Tour
was met with great reception in the region as these types of major
sporting events are relatively scarce in the Middle East. And so, Color Star plans to bring
more premier sporting events to the Middle East, enriching the region's
entertainment and cultural landscape. Sina
Sports, Tencent QQ Live, and
other media platforms streamed the event live to facilitate more
boxing fans who were not able to attend in person. A local
Dubai online platform
who broadcasted the event received 4 million views, which is a
testament to the public's love for boxing. Many online viewers have
left comments expressing their anticipation for more similar events
in the future.
CEO of Color Star, Louis Luo,
said, "We are very happy that so many people gave recognition to
our competition: not only from the Dubai Royal Family, the WBA and other
people from all walks of life, but also from the audience and
online viewers. The influence of this competition is still growing,
which allows us to bring in huge ticket revenues and commercial
income. At the same time, it paves the way for us to organize more
international events, all of which will hopefully bring in huge
commercial profit for the company."
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; 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.
View original
content:https://www.prnewswire.com/news-releases/color-world-cup---wba-boxing-tour-met-with-sensational-reception-and-online-viewership-numbers-301915336.html
SOURCE Color Star Technology Co., Ltd.