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Strategy First Releases an Updated Demo for MAKING HISTORY®: The Calm & the Storm!

Montreal, Canada. February 23, 2007. Publisher Strategy First Inc., a wholly owned subsidiary of Silverstar Holdings, Ltd. (Nasdaq: SSTR), and Developer Muzzy Lane Software Inc., are pleased to announce that the updated demo for "MAKING HISTORY®: The Calm and the Storm" is now available for download!

The latest demo for "MAKING HISTORY: The Calm and the Storm" includes a tutorial and a 20 turn single player game. Gamers who want to try the demo can download it at: http://www.strategyfirst.ca/downloads/demos/MH20Demo.exe

About MAKING HISTORY: The Calm & the Storm

"MAKING HISTORY: The Calm & the Storm" 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.

"MAKING HISTORY: The Calm & the Storm" will be available in stores across North America March 13, 2007 at a retail price of $39.99.

For more information and to PRE-ORDER your copy of "MAKING HISTORY: The Calm & the Storm" please visit: http://www.strategyfirst.com/en/games/MakingHistory/

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. www.muzzylane.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.

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