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Color Star Technology Co., Ltd. (NASDAQ: CSCW) Announces Official Opening of CLUB-Nebula in Times Square NYC and Launch of its Consumer Non-Fungible Token (NFT)

NEW YORK, June 22, 2021 /PRNewswire/–Color Star Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as “Color Star” or the “Company”) announces the official opening of CLUB-Nebula in Times Square, New York (hereinafter referred to as “Nebula”) scheduled in September 2021. Color Star has formed a cooperation with Nebula and will help launch its consumer non-fungible token (NFT). This cooperation is a partnership between entertainment and technology, and the NFT to be launched by Color Star will be the world’s first “club” NFT.

Nebula is located on 41st Street, near Times Square, Manhattan, New York. After a yearlong renovation, it has now entered the countdown phase for reopening. Nebula’s interior design adopts the concept of music scene; it is equipped with the world’s top acousto-optic intelligence system and the most advanced virtual reality (VR) naked-eye 3D video engineering. The club can accommodate 600-1000 guests, while delivering to everyone on site optimal audiovisual effects. In the future, Nebula will invite well-known artists to perform and present the most exciting music. Nebula will also launch the world’s first NFT products in July 2021, where ten NFT products will be auctioned to bidders worldwide. Auction winners will be able to enjoy Nebula’s lifetime SVIP service, which includes face-to-face interaction with performing celebrities, exclusive SVIP seating, specialty-brand beverages, butler services, and other services exclusive to NFT owners.

Mr. Basil Wilson, CEO of Color Star, commented: “We are very pleased to work with our partners to create Nebula, this top-level club. Nebula is not only an entertainment venue, but also a futuristic music venue that combines music with technology. The Nebula NFT that we cooperate to launch is also a bold breakthrough. We have integrated the traditional music club model into the advanced-technology model and created a new concept for music venues. In the future, Nebula will launch more music locations around the world, and endeavor to create a club that combines on-site and off-site music entertainment.

Currently, the NFT R&D team of Color China, a wholly-owned subsidiary of Color Star, is fully committed to building the Nebula NFT product, which will feature not only blockchain encryption technology but also physical anti-counterfeiting technology. In addition, the NFT auction winner will also have a unique bio-intelligent anti-counterfeiting label, which adds to the appeal of such NFT products as a symbol of authenticity and status.

About Color Star Technology
Color Star Technology Co, Ltd. (Nasdaq CM: CSCW) 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 China Entertainment 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.

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; product and service demand and acceptance; changes in technology; economic conditions; the growth of the educational and training services market in China and other countries where CSCW 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.

For more information, please contact:
William Tu
Skyline Corporate Communications Group, LLC
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
Email: wtu@skylineccg.com 

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