NEW
YORK, May 3, 2023 /PRNewswire/ -- 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 recently
announced a magnificent concert to be held in Amsterdam, the Netherlands on May 30, 2023 in collaboration with the
new-generation super idol group, XODIAC. XODIAC officially debuted
on April 25, 2023 in South Korea, and the Amsterdam concert will be their first official
group performance following their debut. The touring sponsor, Color
Star, will also join XODIAC in bringing an exciting audio-visual
feast to fans and audiences.
XODIAC is the first K-POP idol group created by OCJ NEWBIES, a
rookie label under One Cool Jacso Entertainment. Their debut song,
"THROW A DICE," which was released on April
25, 2023, quickly went viral on major social media
platforms, and the 9 members of the group have skyrocketed in
popularity. XODIAC had previously released their first pre-debut
song, "CALLING," in March 2023, which
already caused a sensation, especially with the announcement of
their first 6 members, including the group leader LEX, Hong Kong member SING, and four Korean members
HYUNSIK, WAIN, BEOMSOO, and DAVIN. The announcement of three
additional members in their debut release, "THROW A DICE,"
including LEO from Hong Kong,
ZAYYAN from Indonesia, and Korean
member GYUMIN, also quickly garnered attention. On the day of their
showcase held in South Korea,
XODIAC met their fans through a YouTube live stream, marking their
first interaction with fans worldwide, and their popularity has
since soared.
The Amsterdam concert marks an
important milestone for XODIAC, and the group is tirelessly
rehearsing to deliver a spectacular performance. As the sponsor of
the Amsterdam concert, Color Star
places great importance to XODIAC's debut performance, which
embodies the spirit of "ruling the stage from the start." Color
Star plans to assemble its most professional and experienced team
to arrange every detail of the concert. Color Star CEO, Louis,
stated, "Color Star is delighted to be the touring sponsor of
XODIAC's concert, and the first performance in Amsterdam will be very significant. With our
extensive experience and resources in the concert industry, we will
make the most of this concert to launch the Color Star Music series
of events globally. This year is the year for us to revive our
offline concerts, and we will ignite the public's attention around
the world, while also gaining significant box office and commercial
revenue.
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.
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SOURCE Color Star Technology Co., Ltd.