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New Patch Released For Dangerous Waters

For Immediate Release

Montreal, Canada. February 9, 2006. Software publisher Strategy First, Inc. a wholly owned subsidiary of Silverstar Holdings, Ltd. (NASDAQ: SSTR) and Sonalysts, Inc. released patch v.1.03 today for the groundbreaking naval simulation title "S.C.S - Dangerous WatersTM."

"Sonalysts, Inc. is a company as committed to their fans as they are to their military contracts and patch 1.03 continues to stress this point," said Jay Podilchuk, Executive Producer at Strategy First. "We are urging anyone who has bought the retail version of the game to download and install this patch so they will be able to defend themselves against the legion of Steam fans hitting the water today!"

In addition to fixing minor bugs, game balancing issues and some issues encountered in a number of scenarios and events; patch 1.03 enables version compatibility between the recently released Steam version and the retail version of "S.C.S - Dangerous Waters,TM" which is available for purchase nationwide today for a suggested retail price of $39.99. The impressive 570 page, spiral-bound "S.C.S - Dangerous WatersTM" user manual is also available for purchase at http://www.strategyfirst.com/en/games/DangerousWaters/.

Download the patch today directly from Strategy First at http://www.strategyfirst.ca/downloads/patches/DangerousWatersPatchv103.exe

The README file can also be downloaded directly from Strategy First at http://www.strategyfirst.ca/downloads/patches/DW_README_v103.txt

About Dangerous Waters

"S.C.S - Dangerous WatersTM" 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 can focus their attention on taking direct control of individual crew stations, from sonar and radar rooms to weapon control and navigation consoles or they may automate those tasks so that they can act as the sole commander of their designated platform. Missions in "S.C.S - Dangerous WatersTM" 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. "S.C.S - Dangerous WatersTM" is rated Everyone by ESRB.

For more information on "S.C.S - Dangerous WatersTM" please visit:

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

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 four PC naval simulation games to date - "688(I) Hunter/KillerTM," "Jane's Fleet CommandTM," "Sub CommandTM," and "S.C.S. Dangerous Waters®." 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 the latest, 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 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 WatersTM" 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

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