NEW YORK, February 18, 2022 / PRNewswire / – Color Star Technology Co., Ltd. (NASDAQ: CSCW) (“Color Star” or “Company”), an entertainment technology company with a global network focused on technology and artificial intelligence (“AI”) in the entertainment industry, announced today that it will work with Jilin Great World Aviation Service Co., Ltd. (hereinafter: The world of Jilin) to acquaint enterprises with the Color World APP application in order to create a virtual ticket hall and conduct a number of in-depth virtual cooperation in the field of business hotels and tourism, focused on globalization.
The world of Jilin was established in 1993, specializing in domestic and international air ticket booking, travel and leisure, hotel reservations, business travel chartering and other services, which is a a well-known sales agent appointed by the Civil Aviation Authority China, as well agent of more than 100 domestic and foreign airlines providing professional services such as “24/7 airline ticket booking”, “business travel support in one window” and “e-commerce self-service platform”. Since its founding 19 years ago, The world of Jilin became the industry leader in the three northeastern provinces China. In the era of the Internet + economy The world of Jilin hopes to open up a wider business space through collaboration with Colored star. In this collaboration, Colored star will create a virtual ticket hall in the Color World application, which is also the first Color World ticket agency. After the creation of a virtual ticket office, both sides will begin a series of global cooperation in online sales, such as business travel at the hotel. In addition, in the future both parties will also cooperate in the field of virtual ticket sales, travel and hotels, continuing to expand their business to the Color World Metaverse platform, and the two parties will introduce a return flow of sales to each other based on the benefits of their respective original membership bases. thereby making more profit. Undoubtedly, this cooperation will be a bonus for both parties, causing new sparks in corporate branding and business development.
Lucas Capetian, CEO of Color Star, said: “The Color World Metaverse platform has covered many industries. We can say that the ticket office is a completely new and long-awaited collaboration, which means that in the future, regardless of the Internet or offline, our members The world of Jilin can get more discounts and get more pleasant experiences. This is great, and in the future we will also collaborate with more hotels, restaurants, tourism attractions, and we will have diversified collaborations so that these businesses can open ticket offices in our virtual ticket hall that would be brighter as we are physically. enter a true ticketing environment to choose scenic locations and hotels on the platform using AR technology, as well as choose a variety of vehicles, such as trains and airplanes, for travel. To achieve this goal, we will both continue to deepen cooperation and involve our international teams. “
About Color Star technology
Color Star Technology Co., ltd. (Nasdaq: CSCW) is an entertainment and education company that provides online entertainment and music education services online. Its business operations are conducted through subsidiaries of Color China Entertainment Ltd. and CACM Group NY, Inc. The company’s online education is carried out through its music and entertainment platform Color World. More information about the company can be found at www.colorstarinternational.com.
Statement of the future
This press release contains forward-looking statements as defined by the Private Securities Trial Reform Act of 1995. Statements concerning projections include statements concerning plans, objectives, goals, strategies, future events or performance, as well as basic assumptions and other statements that are not related to the statement of historical facts. If the Company uses words such as “possible”, “will”, “intention”, “must”, “believe”, “expect”, “anticipate”, “project”, “assessment” or similar expressions that are not exclusively up in historical matters, he makes forward-looking statements. Forward-looking statements are not a guarantee of future performance and include risks and uncertainties that could cause actual results to differ materially from the expectations of the company that are discussed in the forward-looking statements. These statements are subject to uncertainty and risk, including, but not limited to, the following: company goals and strategies; the future development of the company’s business, including the development of the metaverse universe project; demand and acceptance of products and services; changes in technology; economic conditions; the growth of the market for educational and training services at the international level, where CSCW operates; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in the general economic and business conditions and assumptions underlying or related to any of the above and other risks contained in the reports submitted by the Company to the Securities and Exchange Commission. For these reasons, among other things, investors are warned not to rely too heavily on any forward-looking statements in this press release. Additional factors are discussed in the company’s documents to the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The The Company undertakes no obligation to publicly review these forward-looking statements to reflect events or circumstances that arise after the date of this action, except as required by applicable laws, rules or regulations.
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SOURCE Color Star Technology Co., Ltd.