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Strategy First Signs 1914 Shells of Fury

Command your Ship, Sink the Enemy and Stay Alive!

For Immediate Release!

Montreal, Canada. June 21st, 2007. Software publisher Strategy First Inc., a wholly owned subsidiary of Silverstar Holdings, Ltd. (Nasdaq: SSTR), and the developer Rondomedia Inc, are happy to announce the signing of "1914 Shells of Fury." The game is due to be released in stores across North America, August 14th, 2007.

"We're very happy to be working with Strategy First, as they are well established publishers in the North American. We are confident that '1914 Shells of Fury' will be an incredibly successful title in North America," says Rondomedia's Product Manager, Christian Winkler.

"We are thrilled to be working with Rondomedia to bring this masterpiece to North America. '1914 Shells of Fury' is a very exhilarating and unique submarine simulation, and we are sure that gamers will love it," says Strategy First's producer Brock Beaubien

About 1914 Shells of Fury

Set in WWI, "1914 Shells of Fury" is the first WWI submarine simulation to be released. Players have command their very own WWI Submarine from the German Emperor's fleet. Prepare to participate in exciting underwater missions from WWI, and work out detailed strategies using powerful weapons. Take command and control of the various missions given, while roaming across the ocean. Players must use tactical skills in order to survive and move ahead of the opponent.


First Submarine simulation of World War I Detailed models of Submarines, Warships, Merchant Ships and Airplanes Four different German Submarine boats to choose from: Armada-Petrolboat, Armada-Dieselboat, UB-I and UC-II. Over 50 individual missions with accurate historical background Campaign-mode from 1914 to 1918 Mission-generator Adjustable levels of difficulty Realistic Submarine Stations

"1914 Shells of Fury" will be in store across North America August 14th, 2007 at the suggested retail price of $19.99.

For more information on "1914 Shells of Fury" please visit: http://www.strategyfirst.com/en/games/ShellsOfFury/

About Rondomedia

Rondomedia is a top PC publisher in the German speaking market. Founded in 1998, Rondomedia is the exclusive distributor for eGames (casual games) in Germany, Austria and Switzerland. Since 2002, Rondomedia has been distributing "Ubisoft Exclusives." These include titles like "Settlers IV", "Morrowind" and "Splinter Cell". Through Ubisoft they do budget-distribution for SCI and Microsoft. Further partners are Atari, Phenomedia and Zone 2, among others. Rondomedia and h2f have now partnered to develop new games. www.rondomedia.de

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," and "Making History: The Calm and the Storm." 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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