NEW
YORK, Aug. 29, 2023 /PRNewswire/ -- The
Color World Cup- WBA World Tour hosted by 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, successfully took place at the Le
Méridien Dubai Hotel
& Conference Centre on August
26th, 19:00 local time. Bantamweight boxer Zhang Zhaoxin,
nicknamed Sandstorm, won the WBA ASIA Bantamweight champion belt and Asian
boxing champion title. Prince Shaikh
Abdulmalik Al Qasimi personally presented the awards on the
night. Members of the Dubai royal family and many celebrities
were present at the event, and dozens of major media outlets were
present to report on the event live. To ensure the event's success,
Color Star built the venue interior from scratch, implementing
lighting and sound systems capable of delivering an exhilarating
experience.
The event began at 19:30, and lasted for more than 3 hours. 12
elite fighters hailing from around the world competed against each
other in different rounds of welterweight, super lightweight and
bantamweight classes. The highlight of the night is Chinese boxer
Zhang Zhaoxin, who has twice KO'd the Olympics boxer and Chinese
national champion Wang Jianzheng. In 2021, Zhang Zhaoxin even got
the WBA recommendation to challenge the then WBA cruiserweight
champion Ryad Merhy in Belgium. Zhang's match at the Méridien hotel
saw him defeat Cameroonian fighter Rolly Lambert Fogoum, to the
deafening applause of the audience and media journalists. The
intense matches were also broadcast live on Sina Sports and QQ Live to a global
audience.
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.
Color Star CEO, Louis Luo, said,
"Color Star was able to successfully organize this event thanks to
the Dubai
government's support, as well as the support of the WBA. This event
was very beneficial to our Company's revenue and reputation. As we
all know, the main business of our Company is organizing large
performances and events. For the Color World Cup, we leveraged our
expertise and past experience in stage choreography and sound
systems in large-scale concerts and applied it to this boxing
event. We wanted the audience to feel immersed in the event, no
matter where they sat in the venue. The audience who can't be
present in Dubai
should also feel the intense emotions which boxing inspires.
We are planning more activities and events, and there will be more
exciting projects to present to you soon."
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.