Speedball II: Brutal Deluxe Date Announced

LONDON, ENGLAND, 1st October, 2007 - Empire Interactive, a wholly owned subsidiary of Silverstar Holdings (NASDAQ: SSTR), today announced that the eagerly awaited, classic combat sports game Speedball II: Brutal Deluxe, will be available on the Xbox 360 video game and entertainment system from Microsoft® via Xbox LIVE® Arcade from 17th October 2007.

Regarded as a break-though title that took the sports genre to a new level, the Bitmap Brothers classic, Speedball, was first released for the Amiga in 1990 and quickly became a huge success. However it wasn't until the release of its sequel, Speedball 2: Brutal Deluxe that the title reached new gaming heights and sold over 2 million units. It is still considered by many to be one of the best games of all time. The Xbox LIVE Arcade version is a perfect conversion of Speedball II: Brutal Deluxe but with the addition of an all-new High Definition version, more teams and downloadable content, whilst still retaining all the classic elements that have made it a firm favourite amongst gamers.

Empire Interactive has recently enjoyed great success with the release of arcade classic Double Dragon, where it has become one of the most popular full games downloads on Xbox LIVE Arcade (400MP). The highly anticipated release of this legendary game should further cement Empire's position as a leading provider of casual games in the online marketplace.

Ian Higgins, CEO Empire Interactive said, "Xbox LIVE Arcade is the ideal environment for this exciting new high definition version of Speedball. With the addition of extra content packs and downloadable content, gamers will at last have the ultimate version of the game."

Clive Kabatznik, CEO of Silverstar Holdings commented, "Speedball 2 will undoubtedly add to our earlier successes on Xbox LIVE Arcade and further demonstrates our ability to cost effectively redeploy classic titles on all major formats and a multitude of distribution channels."

Mike Montgomery, of developers Bitmap Brothers said, "The team are all as passionate about Speedball today as they were back in the day. The evolution of the game to Xbox LIVE Arcade will provide renewed interest and excitement for Speedball fans old and new".

The title was recently voted one of the most wanted games for Xbox LIVE Arcade in an article by the Computer and Video Games website. At a cost of 800MP its arrival will please both hard-core fans and new generations of gamers who have yet to experience what some believe is the finest combat sports game ever made.

Xbox LIVE Arcade is the central destination for Xbox 360 gamers to find, download, try, and buy smaller games on the Xbox 360 console. Xbox LIVE Arcade offers a large catalogue of fun, broad-appeal games that can be downloaded via Xbox LIVE.

About Empire Interactive:

Empire Interactive is a leading publisher of interactive entertainment software that has been established for 18 years. Headquartered in the UK, Empire Interactive also has offices in the US, Germany, Italy, France and Spain. The company develops and publishes a varied range of titles for all current platforms in the US, Europe and Asia. Games such as Starsky & Hutch, Big Mutha Truckers, Ford Racing and FlatOut have all enjoyed success across the world. Its budget label, Xplosiv, is one of the fastest growing in Europe. Further information about Empire Interactive and its products can be found at www.empireinteractive.com

About Silverstar Holdings:

Silverstar Holdings Ltd. is a publicly traded company (NASDAQ: SSTR), focusing on acquiring controlling positions in high-growth retail-driven and fee-based electronic game businesses that stand to benefit from the economies of scale generated by the Internet and other technology-related platforms. It currently owns Empire Interactive PLC and Strategy First Inc. as well as a stake in Magnolia Broadband.

Strategy First Inc. is a leading developer and worldwide publisher of entertainment software for the PC. Magnolia Broadband is a fabless semiconductor company and innovator of radio frequency (RF) solutions for the cellular industry.

About The Bitmap Brothers:

Originally Founded in 1987, The Bitmap Brothers are considered by many to be the original 'rock stars' of computer game development: a small but highly successful development team with a history of creating unique, critically and commercially acclaimed IP across a number of popular platforms. www.bitmap-brothers.co.uk

® 1987-2007 The Bitmap Brothers All Rights Reserved

The Bitmap Brothers logo is a registered trademark of The Bitmap Brothers

Speedball is a registered trademark of The Bitmap Brothers

Speedball 2 is a registered trademark of The Bitmap Brothers

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.

Alliance Advisors, LLC

Alan Sheinwald, President

(914) 669-0222 or asheinwald@allianceadvisors.net

Xbox, Xbox 360 and Xbox Live are either registered trademarks or trademarks of Microsoft Corporation in the United States and/ or other countries.