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Strategy First Announces MAKING HISTORY® has Gone Gold

For Immediate Release

MONTREAL, February 23, 2007. - Software publisher Strategy First Inc., a wholly owned subsidiary of Silverstar Holdings, Ltd. (NASDAQ: SSTR), is pleased to announce that the PC game "MAKING HISTORY: The Calm & the Storm" developed by Muzzy Lane Software Inc, has officially gone gold today. "MAKING HISTORY: The Calm & the Storm" is due to hit stores in North America March 13th, 2007.

"Strategy gamers and war buffs are going to love this game" says Richard Therrien, Vice President of Development for Strategy First. "MAKING HISTORY is a strong game and its level of quality and gameplay surpasses other strategy titles. It's refreshing to have a game with real depth that is supported by an interface that does not get in the way."

"We're incredibly pleased with the response we've gotten from hundreds of Beta testers and the thousands of players who have downloaded our demo," says Dave McCool, President of Muzzy Lane Software. "This is a fun and challenging game and we look forward to making it available to the general market soon."

About MAKING HISTORY®: The Calm & the Storm:

"MAKING HISTORY" puts players in control of global conflict, combining a highly sophisticated AI with rich historical detail. The game is unique among World War II games in the way it challenges gamers to achieve economic and diplomatic victory, not just military success.

Key Features:

Rich WWII world: includes over 80 nations, 800+ regions, and over 200 3D models. You are your Nation: Jump into a world in motion where every nation is pursuing its own agenda, and where events can turn on the breaking of a single alliance. Play as the United Kingdom, France, Germany, Italy, Japan, the USSR, the United States, or China. Multi-Turn Combat: An innovative combat system allows many approaches to engagements from massive assaults to holding actions. Supplies, reinforcements and geography all affect your battle plan. Five Historic Scenarios: cover the fall of France, Pearl Harbor, the D-Day invasion of Europe, the pre-war years and more, and each is based on detailed research. A different experience every game: Each scenario drops you into a different firestorm. Each nation you play presents unique challenges. Everything evolves from your economic and military choices, the alliances you make, and the actions and reactions of the other nations. More Military Options: Blitzkrieg with armor, fight attrition battles with hordes of infantry, decimate enemy industry with strategic bombers, and bomb fleets from a distance with a carrier task force. Many other features including AI that reflects national character, user defined victory conditions, wide range of research options, sophisticated economy, trade, diplomacy, modding and more

"MAKING HISTORY®: The Calm & the Storm" will be available in stores across North America March 13th, 2007 at a retail price of $39.99. "MAKING HISTORY®: The Calm & the Storm" is rated E for Everyone by ESRB

For more information on "MAKING HISTORY®: The Calm & the Storm" please visit:

About Muzzy Lane

Muzzy Lane Software was founded in 2002 and is based in Newburyport, Mass. With its first release, "MAKING HISTORY®: The Calm & the Storm," Muzzy Lane takes a fresh new approach to multiplayer computer games, combining a flexible 3-D game engine with high-fidelity content that allows players to engage the turning points in history as if they were there.

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.

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.

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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