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Dangerous Waters Multi-Player Demo Released!

For Immediate Release

Montreal, Canada. November 18, 2005. Software publisher Strategy First, Inc. a wholly owned subsidiary of Silverstar Holdings, Ltd. (Nasdaq: SSTR), and Sonalysts, Inc. are happy to announce the release of the "S.C.S - Dangerous WatersTM" multi-player demo.

About The Dangerous Waters Multi-Player Demo

The multi-player demo for Dangerous Waters includes one playable mission that has four controllable platforms and can support up to 30 players in multi-station play:

MH-60R Mission

Saberhawk 51: Conduct an Area ASW search for Chinese Kilo class diesel submarines.

Players will command an MH-60R LAMPS helicopter attached to Helicopter Anti-Submarine Light Squadron 47 (HSL-47). A large international oil conglomerate has received permission from the United Nations to begin oil drilling in and around the Spratly Islands on the South China Sea. The Peoples Republic of China has vehemently opposed any efforts to drill in the Spratly Islands. Your mission is to ensure both cargo ships cross the "goal line." Other U.N. member nations will then escort the ships to the Spratly Islands.

Kilo mission

SS368: Intercept and sink the cargo ships transporting oil drilling equipment to the Spratly Islands.

The Peoples Republic of China has claimed the Spratly Islands as sovereign territory and opposes any drilling by foreigners. As the Commanding Officer of a Kilo class submarine in the Natuna Straits, you are ordered to intercept and sink the SS Gisela Tide and the SS Robik Cossara. Your primary mission is to sink the cargo ships carrying the drilling equipment before they cross the goal line and are escorted by an even stronger naval contingent.

With the addition of GameSpy Arcade support, "S.C.S. - Dangerous WatersTM" includes standard multi-player and multi-station functionality. Thus, players will be able to compete against each other or collaborate as a team. When utilizing "multi-station" mode in multi-player, up to 30 players can team up and operate individual crew stations on the SAME platform to achieve mission objectives.

Download the "S.C.S. - Dangerous Waters" multi-player demo today from Strategy First: http://www.strategyfirst.ca/downloads/demos/Dangerous_Waters_MP_Demo.exe

About Dangerous Waters

"S.C.S. - Dangerous WatersTM" is a modern naval warfare simulator that gives players absolute control over multiple air, surface, and submarine platforms. Players will engage the enemy on, above, and below the ocean's surface as commander of ten of the world's most powerful naval platforms. Gamers will focus their attention on taking direct control of individual crew stations, from sonar and radar rooms to weapon control and navigation consoles. Missions in the "S.C.S. - Dangerous WatersTM" campaign are interconnected, with all consequences from previous missions affecting the next. In the campaign, gamers can play as the U.S., Russian, or Chinese forces.

For more information on "S.C.S - Dangerous WatersTM" please visit: http://strategyfirst.com/en/games/DangerousWaters/

"S.C.S - Dangerous WatersTM" will be available for purchase at all major retailers the week of November 22, 2005 at a suggested retail price of $39.99. Rated Everyone by ESRB.

About Sonalysts, Inc.

Sonalysts, Inc., based in Waterford, CT, is an employee-owned business with 450 employees. Its annual sales are in excess of $50M and it has been serving government and commercial clients since 1973. Sonalysts began developing computer simulation games for the commercial market in the mid-nineties as part of its diversification plan following the end of the Cold War. Sonalysts has developed three PC naval simulation games to date - 688(I) Hunter/KillerTM, Jane's Fleet CommandTM, and Sub CommandTM. Each of these games has won a variety of awards from "Best Combat Sim of the Year" to "Best Maritime Sim" of 2001. Sonalysts' games provide the user with a scalable experience so that the most dedicated simulation and casual players can both equally enjoy them. All of the games (including S.C.S. - Dangerous Waters) are being used by the U.S. military for training and/or as a simulation analysis tool. Jane's Fleet Command has been used by ABC and NBC News to assist in broadcast visualization of military operations in Iraq, Kosovo, and Afghanistan.

About Strategy First

Strategy First, Inc. is a leading developer and worldwide publisher of entertainment software for the PC. Founded in 1990, the Company has grown rapidly, publishing major games in the industry such as "Supreme Ruler 2010" and "Disney's Aladdin Chess Adventures" and simultaneously developing its own in-house titles such as "O.R.B." and "Disciples II". After winning numerous awards for games such as "Disciples: Sacred Lands", "Kohan: Immortal Sovereigns", "Steel Beasts", "Galactic Civilizations", and "Jagged Alliance", Strategy First continues to push the gaming envelope with its own groundbreaking titles, while maintaining its reputation as a unique alternative for independent developers seeking to market their games to a worldwide audience. www.strategyfirst.com .

About Silverstar Holdings

Silverstar Holdings Ltd. is a publicly traded company, focusing on acquiring controlling positions in high growth fee-based electronic game businesses that stand to benefit from the economies of scale generated by Internet and other technology related platforms. It currently owns Fantasy Sports, Inc., a dominant provider of fee based NASCAR related and other fantasy sports games, Strategy First Inc., a leading developer and worldwide publisher of entertainment software for the PC, as well as a stake in Magnolia Broadband, a fab-less semiconductor company and innovator of radio frequency (RF) solutions for the cellular industry. www.silverstarholdings.com

The statements which are not historical facts contained in this press release are forward looking statements that involve certain risks and uncertainties, including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, regulatory approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission.

For more information please contact:

Jessica Hawker

Marketing Coordinator

Strategy First Inc.


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