New Patch Released For Space Empires V

Montreal, Canada. October 17th, 2006. Software Publisher Strategy First Inc., a wholly owned subsidiary of Silverstar Holdings, Ltd. (Nasdaq: SSTR), is releasing patch version 1.08 today for "Space Empires V", the newest addition to the Space Empires Series.

This patch will update the retail version of "Space Empires V" version 1.00 to version 1.08. See the history.txt file for a complete list of the changes and fixes included in the patch. This patch will not work on the Steam or Demo version of "Space Empires V".

Download the patch today directly from Strategy First at: http://www.strategyfirst.ca/downloads/patches/se5patch_v108.exe

The history file can also be downloaded directly from Strategy First at: http://www.strategyfirst.ca/downloads/patches/se5patch_v108.txt

About Space Empires V

"Space Empires V" is the new edition in the Space Empires series. This new chapter's completely updated UI takes the player into a real-time rendered 3D universe. Watch space battles played out with incredible detail and realistic effects. Expand, Explore, Exploit, and Exterminate in a huge living and breathing galaxy. New features abound, with political alliances between multiple empires, top-down ship design systems, hexagonal movement grids, and much more. "Space Empires V" is now available for purchase at EB, Gamestop and Comp USA. "Space Empires V" will be available at Best Buy in November, 2006. The game is rated E for Everyone by ESRB.

For more info on "Space Empire V" or to purchase directly from Strategy First visit: http://www.strategyfirst.com/en/games/SpaceEmpiresV/

Get your exclusive bonus edition copy of "Space Empires V" at EB and Gamestop:

EB: http://www.ebgames.com/product.asp?product%5Fid=646776

Gamestop: http://www.gamestop.com/product.asp?product%5Fid=646776

About Malfador Machinations

Malfador Machinations, founded in 1995, is a noted developer of PC strategy games. Its previous titles include "Space Empires Series", and "Dungeon Odyssey". Malfador Machinations' is based out of Santa Rosa, CA. www.malfador.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", "Galactic Civilizations", and "S.C.S. - Dangerous Waters". 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, 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 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.