Strategy First Signs Cuban Missile Crisis: The Aftermath

For Immediate Release

Montreal, Canada. August 16, 2005. Software publisher Strategy First, Inc. a wholly owned subsidiary of Silverstar Holdings, Ltd. (NASDAQ: SSTR), and leading Russian publisher 1C Company are happy to announce the signing of "Cuban Missile Crisis: The Aftermath," developed by G5 Software. Only the fittest will survive in this vastly different interpretation of the actual events!

"This game puts a new spin on one of the most tumultuous and tense periods in world foreign relations and assumes that all went horribly wrong!" said Jay Podilchuk, Producer at Strategy First.

"We are extremely happy that North American gamers will now have the chance to play "Cuban Missile Crisis: The Aftermath,"" said Nikolay Baryshnikov, International Sales Director at 1C Company. "As this title is already extremely popular amongst European gamers, I'm sure it will receive a warm welcome overseas."

About Cuban Missile Crisis: The Aftermath

"Cuban Missile Crisis: The Aftermath" thrusts players into a world ravaged by the military-political confrontation between the USA and USSR in 1962. The game offers a different interpretation of the events that followed the famous global standoff over the small island nation. In "Cuban Missile Crisis: The Aftermath," the two cold-war powerhouse nations unleash their nuclear arsenal on the world, leveling Cuba and turning it, along with the majority of the world, into a radioactive desert. The remaining world citizens thus find themselves in a war fighting for their very survival...

"Cuban Missile Crisis: The Aftermath" is a real-time strategy game combined with a turn-based global strategy mode, forcing players to use tactical troop movements while managing their resources and armies. With all the gameplay one has come to expect from the Blitzkrieg engine, gamers' that enjoyed such titles as "Sudden Strike" and "Blitzkrieg" are going to jump right into this title. In "Cuban Missile Crisis: The Aftermath," not only will players' be able to enjoy all their familiar tactics, they will be introduced to way more metal as they field post WWII armaments and weapons of mass destruction!

Features

• Varied types of weapons and equipment - helicopters, rockets, reconnaissance troops, etc.

• Radioactive contamination zones that have an influence upon military equipment and troops.

• Alternative history timeline which assumes that the actual Cuban Missile Crisis provoked a nuclear disaster in 1962.

• Combines both turn-based strategy mode and Blitzkrieg's real-time strategy mode.

• Dozens of missions, through four sides of the conflict (USSR, French and German Alliance, China, American and British Alliance).

• Maximum usage of Blitzkrieg engine potential.

• Use maps to place, group and position your forces for a strategic attack.

• In the turn-based strategy mode, every single turn is limited, adding realism to the whole experience of the game.

• Non-critical additions, such as optional missions, add depth to the gameplay.

• Radioactive contamination zones that have an influence upon military equipment and troops.

About 1C Company

1C Company specializes in distribution, publishing and development of interactive entertainment products and business software. Founded in 1991, 1C has become the leading Russian company publishing and distributing computer games in the former USSR. 1C Company is widely acknowledged as a game developer and has several internal studios. Internal developments of 1C include IL-2 Sturmovik, IL-2 Sturmovik: Forgotten Battles, Aces Expansion Pack and Pacific Fighters. 1C Company works as a publisher and producer with over 20 leading Russian independent development studios and has produced over 50 projects for PC and consoles.

More information about the company is available at http://int.games.1c.ru.

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 "Supreme Ruler 2010" 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.