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Strategy First Signs New Flight Sims Sequel Enemy Engaged 2

For Immediate Release!

Montreal, Canada. March 21st, 2007. Software Publisher Strategy First Inc., a wholly owned subsidiary of Silverstar Holdings, Ltd. (Nasdaq: SSTR), announced the signing of the new flight sim title "Enemy Engaged 2". Developed by Gameyus Interactive, the sequel is due to be released Q2, 2007.

"We are pleased to be working again with Strategy First to bring 'Enemy Engaged 2' to North American fans. Strategy First Inc, like Gameyus, focuses on exciting titles that provide gamers with a new and challenging experience. We believe that Enemy Engaged 2 will meet and exceed the expectations of even the most demanding flight sim fans. We invite all gamers to let us know what they think of Enemy Engaged 2, and look forward to their suggestions and wish lists for add-ons," says Uros Rogulja, Chief Operating Officer for Gameyus Interactive.

"Enemy Engaged 2 is a very convincing and realistic chopper combat simulator. The attention to detail and authenticity is overwhelming at times. I look forward to working with Gameyus on this great project," says Brock Beaubien, Producer at Strategy First.

Enemy Engaged 2 is the sequel to the best selling chopper classic, "Enemy Engaged: RAH-66 Comanche Versus Ka-52 Hokum", a game that received universal praise for its dynamic and ground breaking content and continues to maintains a large player base. Released in 2000, the original Enemy Engaged set the standard for 21st century flight sims with stunningly realistic visuals and attention to detail.

Enemy Engaged 2 is set to take the series even further with new dynamic missions and a complete overhaul of graphics and audio that bring the game up to date with the latest and best flight simulations available.

Features:

Modern helicopter combat simulation with realistic flight physics. Three exciting theaters of war with two opposing campaigns each. Dynamic real-time battlefields. No linear mission plot or predefined unit behavior. Over 30,000 square kilometers of flying area over Lebanon, Taiwan and Korea. Diverse combat environments executed in lush 3D detail under a wide range of weather conditions. Over 1,200 very detailed and blue-print precise vehicles, chosen from among proven classics in actual use in armed forces around the globe. Use immersive voice control to command your gunner and wingman.

"Enemy Engaged 2" will be available across North America Q2, 2007 at the suggested price of $19.99.

For more information on "Enemy Engaged 2" please visit: http://www.strategyfirst.com/en/games/enemyengaged2/

About Gameyus Interactive

Gameyus Interactive is a United States based company with a game development studio located in Belgrade, Serbia. Gameyus employs many veteran game developers with years of experience on different gaming platforms and genres. Their first PC Real-Time Strategy title Will of Steel ( www.willofsteel.com) was published in 2004 across North America, Europe, and Asia. Gameyus' stated mission is to: Create the newest technology and best possible graphics in order to bring gamers a Real-Time Strategy Experience unlike any other. http://www.gameyus.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., based in Boca Raton, Fla., is a publicly traded company (NASDAQ: SSTR) focusing on electronic game businesses and emerging wireless technologies. The company owns British-based Empire Interactive PLC and Canadian-based Strategy First Inc., and owns a stake in Magnolia Broadband, headquartered in Bedminster, N.J.

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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