Color World Metaverse integrates corporate travel services to introduce a new form of digital ticketing

NEW YORK, September 8, 2022 /PRNewswire/ — Color Star Technology Co., Ltd. (Nasdaq: CSCW) (“Color Star” or the “Company”), a globally networked entertainment technology company focused on the application of technology and artificial intelligence in the entertainment industry, announces today that its metaverse software [Color World_Metaverse] (“Color World”) will launch a new ticketing function for the sale of business, travel, hotel and transportation tickets. This booking system will be available to users worldwide. It is reported that Mind of World Air Ticketing Services to Jilin Province (“Mind of World”) is the first comprehensive ticketing company to join the Color World. In the lead up to this announcement, the Color Star team built a metaverse HQ for Mind of World. Once the head office is available on the platform, users around the world will be able to purchase air tickets and hotel reservation tickets directly in the [Color World_Metaverse] application.

The topic of this newly established cooperation is very important to Color Star and Mind of World, so much so that Color Star team spent a lot of manpower and resources to design and build the virtual ticket hall, and has precisely divided the assets and upcoming content to fit the map of the metaverse. Color Star hopes to introduce a one-stop digital ticketing center for users around the world, which will hopefully revolutionize people’s idea of ​​the traditional online ticketing experience. The potential of artificial intelligence can be realized through the metaverse; it can help improve the user experience by enabling a quick and easy booking process, thus making artificial intelligence one of the most outstanding features of the metaverse. Moreover, as an industry leader, Mind of World is also willing to work with Color Star to venture into and develop new technologies. As for upcoming content, the team has been hard at work creating an extravagant ticketing room for Color World users to easily and quickly book their vacations.

[Color World_Metaverse] has now attracted many top international companies to join the platform, and each has had a bespoke metaverse seat created for them. It has become the biggest feature and highlight of Color World. At the same time, the Color Star team has been actively working on expanding and improving the functionality of the software. They are also working to enable the combination of physical and digital products for sale by vendors in the metaverse. Users can choose from a variety of different entertainment experiences after login, all of which will receive huge updates to meet user expectations. [Color World_Metaverse] is already available on all major app stores. Download now by searching Color World_Metaverse.

About Color Star Technology Co., Ltd.

Color Star Technology Co., Ltd. (Nasdaq: CSCW) is an entertainment and education company that provides online entertainment shows and online music education services. Its business activities are conducted through its wholly owned subsidiaries, Color China Entertainment Ltd. and CACM Group NY, Inc. The Company’s online education is delivered 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 regarding future plans, objectives, goals, strategies, events or performance, as well as underlying assumptions and other statements other than statements of historical fact. Where the Company uses words such as “may”, “will”, “intends”, “should”, “believes”, “expects”, “anticipates”, “projects”, “estimates” or similar expressions that do not relate solely to historical matters, it makes forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company’s expectations described in the forward-looking statements. These statements are subject to uncertainties and risks, including, but not limited to, the following: the Company’s objectives and strategies; the future business development of the Company, including the development of the metaverse project; requesting and accepting products and services; changes in technology; economic conditions; the growth of the international education and training services market in which CSCW operates; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions and assumptions underlying or relating to any of the foregoing and other risks contained in the Company’s filings with the Securities and Exchange Commission. For these and other reasons, investors are cautioned not to place undue reliance on any forward-looking statements contained in this press release. Other factors are discussed in the Company’s filings with the United States Securities and Exchange Commission, which may be viewed at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances occurring after the date hereof, except as required by applicable laws, regulations or rules.

SOURCE Color Star Technology Co., Ltd.