DANGEROUS WATERS, SPACE EMPIRES IV DELUXE AVAILABLE NOW VIA STEAM

For Immediate Release

Montreal, Canada. February 8, 2006. Software publisher Strategy First, Inc. a wholly owned subsidiary of Silverstar Holdings, Ltd. (Nasdaq: SSTR), and Valve Corporation are pleased to announce that the ultimate naval warfare title, "S.C.S - Dangerous Waters^TM" and "Space Empires IV Deluxe" are now available via Steam, Valve's online distribution platform.

"S.C.S - Dangerous Waters^TM" is a groundbreaking naval simulation game, available via Steam for $39.95. "Space Empires IV Deluxe", a grand strategy title in the space 4X (explore, expand, exploit, and exterminate) genre, is available via Steam for just $19.95. For more details, please visit www.steampowered.com.

Gamers can also purchase the 570 page spiral bound Strategy Guide at www.strategyfirst.com/en/games/DangerousWaters/. Get it, read it, learn it and rule the seas!

"We're delighted to offer these titles to the millions of gamers around the world, and welcome Strategy First as the first publisher to deliver its products via Steam," said Doug Lombardi, director of marketing at Valve."

"Judging from the overwhelming customer response thus far expect great things to come from our presence on Steam," said Emanuel Wall, Product Manager, Strategy First. "Steam users can look forward to more great Strategy First titles coming their way".

About Dangerous Waters

"Dangerous Waters" is a modern naval warfare simulator that gives players absolute control over multiple air, surface, and submarine platforms. Players will engage the enemy on, above, and below the ocean's surface as commander of ten of the world's most effective naval platforms. Gamers will focus their attention on taking direct control of individual crew stations, from sonar and radar rooms to weapon control and navigation consoles. Missions in "Dangerous Waters" are interconnected, with all consequences from previous missions affecting the next. In the campaign, gamers can play as the U.S., Russian, or Chinese forces. "Dangerous Waters" is rated Everyone by ESRB.

For more information on "S.C.S - Dangerous Waters^TM" please visit:

http://strategyfirst.com/en/games/DangerousWaters/

About Space Empires IV Deluxe

The award-winning "Space Empires IV Deluxe" is the latest edition in the Space Empires series. A grand strategy title in the space 4X (explores, expand, exploit, and exterminate) genre, Space Empires has already found a place in the hearts of strategy gamers everywhere. The Space Empires Deluxe Edition adds all the latest tweaks and upgrades to Space Empires IV. You can research technology, design new ships, wage war on a tactical level, put down rebellions, meet and greet new species, and much more. Additionally, all the level and campaign design tools are included; allowing anyone to become apart of the expansive Space Empires Mod community.

For more information on "Space Empires IV Deluxe" please visit:

http://www.strategyfirst.com/en/games/SE4DEluxe/

About Sonalysts, Inc.

Sonalysts, Inc., based in Waterford, CT, is an employee-owned business with 450 employees. Its annual sales are in excess of $50M and it has been serving government and commercial clients since 1973. Sonalysts began developing computer simulation games for the commercial market in the mid-nineties as part of its diversification plan following the end of the Cold War. Sonalysts has developed three PC naval simulation games to date - 688(I) Hunter/Killer^TM, Jane's Fleet Command^TM, and Sub Command^TM. Each of these games has won a variety of awards from "Best Combat Sim of the Year" to "Best Maritime Sim" of 2001. Sonalysts' games provide the user with a scalable experience so that the most dedicated simulation and casual players can both equally enjoy them. All of the games (including S.C.S. - Dangerous Waters) are being used by the U.S. military for training and/or as a simulation analysis tool. Jane's Fleet Command has been used by ABC and NBC News to assist in broadcast visualization of military operations in Iraq, Kosovo, and Afghanistan.

For more information about Sonalysts, Inc., please visit: http://www.sonalysts.com.

For information on all Sonalysts games, please visit: http://www.sonalystscombatsims.com.

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: Star Fury". 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 "S.C.S - Dangerous Waters^TM" 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 Inc.

jhawker@strategyfirst.com