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Strategy First signs Space Empires V

For Immediate Release

Montreal, Canada. August 24, 2005. Software publisher Strategy First, Inc. a wholly owned subsidiary of Silverstar Holdings, Ltd. (NASDAQ: SSTR), is proud to announce that they will be publishing developer Malfador Machinations' "Space Empires V." Scheduled for release in early 2006, "Space Empires V" is the much anticipated addition to the critically acclaimed Space Empires franchise.

""Space Empires V" is a community driven game that puts players' in total control of their universe," said Don McFatridge, President of Strategy First. "Malfador Machinations' are committed to their fans. This game is completely customizable by the players' themselves. "Space Empires V" will give all space strategy enthusiasts exactly what they want - action, excitement and the ability to make the game their own."

"We're thrilled to bring "Space Empires V" not only to fans of the previous games, but to an entire new generation of gamers," said Aaron Hall, President of Malfador Machinations. ""Space Empires V" is our most beloved title, and our entire team is working hard to stay true to what makes this franchise so great."

About Space Empires V

"Space Empires V" is the latest edition in the Space Empires series. This new chapter completely updates the user interface, and takes the player into a real-time rendered 3D universe. Watch space battles play out in glorious detail with realistic effects. Expand, Explore, Exploit, and Exterminate in a huge, living, breathing galaxy. New features include: political alliances between multiple empires, a top-down ship design system, a hexagonal movement grid, and many more to keep players enthralled. "Space Empires V" is completely "mod-able" and even adds a scriptable AI system to the mix.

"Space Empires V" boldly takes the next step in the genre of space strategy games. Gamers' that are already members of the Space Empires franchise will absolutely salivate at the prospect of playing "Space Empires V." Those that haven't yet received their initiation into the franchise will soon find themselves surrendering to this game's excellence.

For more information please visit www.malfador.com , www.strategyfirst.com or follow the link directly to the Space Empires forums at

www.strategyfirst.com/forum/cgi/ultimatebb.cgi?category=9.

About Malfador Machinations

Malfador Machinations, founded in 1995, is a noted developer of PC strategy games. Its previous titles include "Space Empires II", "Space Empires III", "Space Empires IV", "Space Empires IV Gold", "Dungeon Odyssey", and "Space Empires: Starfury." Malfador Machinations' is based in Santa Rosa, California. For more information on Malfador Machinations visit www.malfador.com.

About Strategy First

Strategy First, Inc. is a leading developer and worldwide publisher of entertainment software for the PC. Founded in 1990, the Company has grown rapidly, publishing major games in the industry such as "Supreme Ruler 2010" and "Disney's Aladdin Chess Adventures," and simultaneously developing its own in-house titles such as "O.R.B." and "Disciples II." After winning numerous awards for games such as "Disciples: Sacred Lands", "Kohan: Immortal Sovereigns", "Steel Beasts", "Galactic Civilizations", and "Jagged Alliance", Strategy First continues to push the gaming envelope with its own groundbreaking titles, while maintaining its reputation as 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 Fantasy Sports, Inc., a dominant provider of fee based NASCAR related and other fantasy sports games, 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:

Jessica Hawker

Marketing Coordinator

Strategy First

jhawker@strategyfirst.com

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