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Stock Alert: Color Star Ascends 72%

Shares of education services firm Color Star Technology Co., Ltd. (HHT) are skyrocketing more than 72% Thursday morning. The company said its unit Color China Entertainment Limited has added three new talents to its management team.

Mr. Chu-hsin (Frank) Peng joined Color China as its Chief Artist Officer. He is referred to as the "The Pioneer of Mandarin Boy Groups" in the entertainment industry and was involved in the production of approximately 60% of the boy groups in Taiwan since 2000, such as "Energy" "5566," "WEWE," "3 Balls," "Tomoro," "Dark Wings," "Brotherhood" and "Dong-Jing." He has experience in working with various record companies and famous singers, including EMI, SONY, UM, Warner, and Rock. Mr. Frank Peng will manage Color China's artist channels and marketing in Hong Kong and Taiwan.

Ms. Man Zhang joined Color China as its Executive Vice President. She has produced numerous popular music TV shows since 2000 and was one of the top 10 pop music hostesses. Ms. Man Zhang will manage Color China's acquisition of artists and marketing in Mainland China.

Xiaoqiao Liu joined Color China as its Entertainment Advisor. Xiaoqiao has a successful track record in representing Chinese studios and celebrities, as well as American talents, song writers, producers, composers and musicians.

Color Star Technology stock is currently trading at $0.98. It has traded in the range of $0.31- $4.45 in the past 52-weeks.

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