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STRATEGY FIRST HOSTS SPACE EMPIRES CONTEST!!

Montreal, Canada. September 19, 2006. Software Publisher Strategy First Inc., a wholly owned subsidiary of Silverstar Holdings, Ltd. (Nasdaq: SSTR), is happy to announce the Space Empires Trivia Contest. Organizers say that this is the first of several contests that Strategy First will be hosting for the Space Empire Month which runs until mid October.

Test your knowledge of Space Empires on the Space Empires Trivia Contest and be the first to win one of the prizes featured by Strategy First. Participants with the correct answers will be part of a draw on October 23rd, 2006, to win the following prizes

1st Prize winner will receive box copies of the all new Space Empires V, award winning Space Empires IV and Star Fury, plus their choice of 10 Strategy First games.

2nd Prize winner will receive box copies of the all new Space Empires V, award winning Space Empires IV and Star Fury, with their choice of 7 Strategy First games.

3rd Prize winner will also receive a box copy of the new Space Empires V, award winning Space Empires IV and Star Fury, plus their choice of 5 Strategy First games.

For contest entry details, description, and rules please visit: http://strategyfirst.com/special/trivia/spaceEmpires/triviaform.asp

For more information on the Space Empires Series please stay tuned for the new Space Empires website coming your way soon, and visit the official Malfador Machinations website at www.malfador.com , or www.strategyfirst.com.

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.

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