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Pre-Order Space Empires V On Steam And Receive Discount!

Pre-order and Save $5 Off Your Purchase of Space Empires V!

For Immediate Release

October 10th, 2006. Montreal, Canada. Software publisher Strategy First Inc., a wholly owned subsidiary of Silverstar Holdings, Ltd. (Nasdaq: SSTR), and Valve Corporation, a leading entertainment and technology studio, are pleased to announce that Space Empires V is now available for pre-order via Steam. All pre-orders made before October 16th will receive a $5 discount.

To pre-order your copy of Space Empires V, and for more information on this promotion please visit: http://www.steampowered.com/v/index.php?area=game&AppId=1690&

Developed by Malfador Machinations, Space Empires V is the latest title in the popular Space Empires series. Space Empires V is due to be released in North America October 16th, 2006.

"Space Empires V is a community driven game that puts players in total control of their universe," said Don McFatridge, President of Strategy First. "Space Empires V will give all space strategy enthusiasts exactly what they want - action, excitement and the ability to make the game their own."

"We're thrilled to bring Space Empires V not only to fans of the previous games, but to an entire new generation of gamers," said Aaron Hall, President of Malfador Machinations. "Space Empires V is our most beloved title, and our team has worked hard to stay true to what makes this franchise so great."

About Space Empires V

Space Empires V is the new edition in the Space Empires series. This new chapter's completely updated UI takes the player into a real-time rendered 3D universe. Watch space battles played out with incredible detail and realistic effects. Expand, Explore, Exploit, and Exterminate in a huge living and breathing galaxy. New features abound, with political alliances between multiple empires, top-down ship design systems, hexagonal movement grids, and much more. Space Empires V boldly takes the next step in the space strategy genre.

Features

Detailed tactical combat with a combat simulator to test your designs! New vehicle types and sizes include: ships, bases, freighters, fighters, mines, satellites, troops, drones, and weapons platforms. Completely design and customize all of your vehicles. Large Galaxy - 100 solar systems with 15 planets each. Huge Technology Tree - Thousands of tech levels with hundreds of components and facilities. Highly 'Mod' friendly 100% customizable game graphics - Create your own planets, stars, vehicles, etc. Completely customizable AI players - Create your own AI players with unique traits, styles, and speech. Game comes with 14 unique races and the ability to create your own. Randomly generated map for every game and option to load an existing map. 24 bit 3D real-time rendered graphics.

Space Empires V will be available for purchase October 16th, 2006 at a suggested price of $39.99. Pre-order Space Empires V on Steam before Oct. 16th, 2006 and get a $5 discount.

Space Empires V is rated E for Everyone by ESRB.

For more information on Space Empires V please visit the official Space Empires website at http://www.spaceempires5.com/ or Strategy First Space Empires V page at http://www.strategyfirst.com/en/games/SpaceEmpiresV/

About Steam

The leading online platform for PC games and digital entertainment, Steam delivers new releases and online services to over 8 million PC users around the world. For more information, please visit www.steamgames.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 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 fabless semiconductor company and innovator of radio frequency (RF) solutions for the cellular industry. www.silverstarholdings.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

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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