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New Patch Released For Dangerous Waters

News Flash

Montreal, Canada. January 25th, 2007 -- Software Publisher Strategy First Inc., a wholly owned subsidiary of Silverstar Holdings, Ltd. (Nasdaq: SSTR), and Sonalysts, Inc. are releasing patch v1.04 today for the naval simulation title "S.C.S - Dangerous Waters."

Patch v1.04 patches all previous Strategy First versions of "S.C.S - Dangerous Waters" to version 1.04. See the readme file for a complete list of the changes and fixes included in the patch.

Download the patch today directly from Strategy First at: http://www.strategyfirst.ca/downloads/patches/DangerousWatersPatchv104.exe

The readme file can be downloaded directly from Strategy First at: http://www.strategyfirst.ca/downloads/patches/DangerousWatersPatchv104.txt

The Steam patch for "S.C.S - Dangerous Waters" will be available to all Steam users soon.

About S.C.S - Dangerous Waters

"S.C.S - Dangerous Waters" 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 effective naval platforms. Gamers can focus their attention on taking direct control of individual crew stations, from sonar and radar rooms to weapon control and navigation consoles or they may automate those tasks so that they can act as the sole commander of their designated platform. Missions in "S.C.S - Dangerous Waters" 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. "S.C.S - Dangerous Waters" is rated E for Everyone by ESRB.

Order your copy of "S.C.S - Dangerous Waters" today for only $29.99 and receive a free copy of "Cuban Missile Crisis: The Aftermath", plus free shipping. This promotion is available only at http://www.strategyfirst.com/en/games/DangerousWaters/ . For more information on "S.C.S - Dangerous Waters" please visit: http://strategyfirst.com/en/games/DangerousWaters/

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/KillerT, Jane's Fleet CommandT, and Sub CommandT. 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 Iran, Kosovo, and Afghanistan. For more information about Sonalysts, Inc., please visit: www.sonalysts.com.

About Strategy First Inc

Strategy First Inc., a wholly owned subsidiary of Silverstar Holdings (Nasdaq: SSTR), is a leading developer and worldwide publisher of entertainment software for the PC. Founded in 1990, the Company is well known for its proprietary groundbreaking titles, such as the award winning Disciples, Jagged Alliance and Space Empires series of games, which are under continuing development. Simultaneously, Strategy First continues to publish many of the industry's major titles, winning numerous awards for games such as "Hearts of Iron", and "Galactic Civilizations." Recent offerings include top releases such as "S.C.S. - Dangerous Waters" and "Space Empires V." The Company provides 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 (NASDAQ: SSTR), focusing on acquiring controlling positions in high-growth retail-driven and fee-based electronic game businesses that stand to benefit from the economies of scale generated by the Internet and other technology-related platforms. It currently owns Empire Interactive PLC and Strategy First Inc. as well as a stake in Magnolia Broadband. Empire Interactive PLC is a leading developer and publisher of interactive entertainment software games such as Starsky & Hutch, Big Mutha Truckers, Ford Racing and FlatOut. Empire's products are delivered on both console and PC platforms. Strategy First Inc. is a leading developer and worldwide publisher of entertainment software for the PC. Magnolia Broadband is a fabless semiconductor company and innovator of radio frequency (RF) solutions for the cellular industry.

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.

Jasmine Goyer

Public Relations Coordinator

Strategy First Inc.

jgoyer@strategyfirst.com

514- 844-3040 ext.240

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