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OFFICIAL SPACE EMPIRES UNIVERSE WEBSITE LAUNCH!

Montreal, Canada. September 21th, 2006. Software Publisher Strategy First Inc., a wholly owned subsidiary of Silverstar Holdings, Ltd. (Nasdaq: SSTR), is proud to announce the official home of the Space Empires franchise. A website dedicated to its fans, Space Empires new site is loaded with forums, blogs, special groups, exclusive content, and links to a fantastic array of 3rd-party contributions. www.spaceempires5.com is the new home of Space Empires!

About Space Empires

Space Empires is a top series in space genre games. Developed by Aaron Hall, the award winning series continues to grow and improve with each addition. The Space Empire games have received countless recognition for their creativity, originality, and mod friendly environment. This series has maintained a very strong fan base of supporters and young developers, who anxiously await each new game.

The latest addition to the Space Empires series is Space Empires V, and is due to be released October, 2006. A specific release date will be posted on the Space Empires V home page in the following days. Space Empires V is rated E for Everyone by ESRB.

For more info on Space Empire V please visit: http://www.strategyfirst.com/en/games/SpaceEmpiresV/

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 "S.C.S. - Dangerous Waters". The Company provides a unique alternative for independent developers seeking to market their games to a worldwide audience. www.strategyfirst.com

About Malfador Machinations

Malfador Machinations, founded in 1995, is a noted developer of PC strategy games. Its previous titles include "Space Empires Series", and "Dungeon Odyssey". Malfador Machinations' is based out of Santa Rosa, CA. www.malfador.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 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.

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