Color Star attends Dubai Metaverse Association to promote DONO Metaverse smartphones

New YorkAnd the October 3, 2022 /PRNewswire/ — Color Star Technology Co., Ltd. (Nasdaq: CSCW) (“ColorStar” or the “Company”), an entertainment technology company with a global network focused on the application of technology and artificial intelligence in the entertainment industry, was invited on September 28 to participate in the Dubai Metaverse Conference. (“The Gathering”) organized by the Dubai Future Foundation. During the assembly, Color Star actively promoted its ColorWorld Metaverse (“Color World”) program to attendees, and focused on introducing the new DONO Phone project.

It is understood that the conference focuses on the development of industries and sectors participating in the “opposite economy”, attracting world-renowned companies and eminent personalities to attend. Color Star also took full advantage of the high-profile nature of the association to exchange information and promote the company’s metaverse project with attendees. Color Star recently announced its entry into the smartphone business with DONO Phone, the first metaverse smartphone, which has won widespread attention from the public. The phone has been designed with the concept of “metaverse” in mind, and the Color World app will be pre-installed on each unit. DONO Phone aims to bridge the gap between users and the virtual world, allowing users to freely access educational content, digital entertainment and virtual communication, without physical limitations. Color Star focuses on delivering the best experiences using its metaverse technology, as well as developing powerful cybersecurity technology to protect the privacy and security of its users. DONO phone will use a distributed file storage system and a decentralized storage server to make the task nearly impossible for hackers to overcome. At the association, Color Star also emphasized that all technologies should be based on network security.

Farhan QaderColor Star CEO said: “Color Star is very happy to participate in this association. On the question of how to develop the metaverse economy and generate more revenue, Color Star is also looking for answers. For example, Color World combines celebrity entertainment with artificial intelligence, which It results in unlimited space for development and new opportunities for the fan and the digital economy. Plus, through our DONO metaverse, we’re announcing to the world that we’re about to catalyze the metaverse to try and help it reach its full potential in order to increase the company’s profits and revenue.”

About Color Star Technology Co., Ltd.

Color Star Technology Co., Ltd. (Nasdaq: CSCW) is an entertainment and educational company that provides online entertainment offerings and online music education services. Its business operations are conducted through its wholly owned subsidiary, Color China Entertainment Ltd. and CACM Group NY, Inc. The company’s education is provided online through its Color World music and entertainment education system. More information about the company can be found at www.colorstarinternational.com.

forward-looking statement

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding plans, goals, objectives, strategies, events or future performance, underlying assumptions, and statements other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “expect,” “project,” “estimate,” or similar expressions that are not related solely to historical matters, They make forward-looking statements. Forward-looking statements are not a guarantee of future performance and involve risks and uncertainties that could cause actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. Such statements are subject to uncertainties and risks including, but not limited to, the following: Company objectives and strategies; development of the company’s future business, including the development of the metaverse project; ordering and accepting the product and service; changes in technology; economic conditions; Growth of the international education and training services market where CSCW does business; reputation and brand; Impact of competition and pricing. government regulations; Fluctuations in general economic and business conditions and assumptions underlying or associated with any of the foregoing and other risks contained in reports submitted by the Company to the Securities and Exchange Commission. For these reasons, among other things, investors are cautioned not to place undue reliance on any forward-looking statements in this press release. Additional factors are discussed in the company’s filings with the US 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 arising after the date of this Contract unless required to do so by applicable laws, regulations or rules.

SOURCE Color Star Technology Co., Ltd.

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