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Strategy First Announces A Space Empires Month!

Space Empires IV Deluxe Sold Digitally At Only $9.99!

For Immediate Release

Montreal, Canada. August 30th, 2006. Software Publisher Strategy First Inc., a wholly owned subsidiary of Silverstar Holdings, Ltd. (Nasdaq: SSTR), is announcing a Space Empire Month to celebrate the release of Space Empires V, the latest addition to the Space Empire Series. Space Empires Month begins September 1st, 2006.

During the Space Empires Month Strategy First is offering a discount price on all Space Empires IV Deluxe games to be purchased digitally at only $9.99 for download, and $14.99 for box copy.

Empire IV Deluxe promotion can be found today at the following stores and soon in most online outlets.

Strategy First http://www.strategyfirst.com/en/games/SE4Deluxe/

Steam http://www.steampowered.com/v/index.php?area=game&AppId=1610&

IGN http://www.direct2drive.com/893/product/Buy-Space-Empires-4-Deluxe-Download

TryMedia http://www.trygames.com/game/aff=trygames/vid=39770789b95698c4813d3ccff5d85b8d

Strategy First will be hosting various Contests, with promotions and prizes to play for. Upcoming Contests include: Best Game Modification (Mod) Contest, Best Fan Site Contest, and a Space Empires Trivia Contest. More information on these contests will be coming your way soon.

Please also stay tuned for the first edition to the Space Empires Dedicated Newsletter which will be out September, 2006.

Space Empires V is due to be released late September, 2006. Is rated E for Everyone by ESRB. For more info on Space Empire V please visit: http://www.strategyfirst.com/en/games/SpaceEmpiresV/

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.

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 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", "Galactic Civilizations", 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 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.

For more information please contact:

Jasmine Goyer

Public Relation Coordinator

Strategy First Inc.

jgoyer@strategyfirst.com

514- 844-3040 ext.240

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