Strategy First Signs Etrom

Montreal, Canada. April 6, 2006. Software publisher Strategy First Inc., a wholly owned subsidiary of Silverstar Holdings, Ltd. (Nasdaq: SSTR), is pleased to announce the signing of the PC game "Etrom," developed by P.M. Studios.

"We are delighted to be entering into this new relationship with P.M. Studios," said Pro Sotos, Manager of Business Development at Strategy First. "This exceptional group brings highly creative and focused professionalism to a crowded field, and Etrom is a perfect example of their ability to execute a compelling and addictive RPG. We're proud to be their publisher."

"It's really a pleasure to publish Etrom with Strategy First. This new partnership offers the potential for great success for a wonderful project like Etrom," said Fabio Belsanti, Managing Director and Lead Designer at P.M. Studios.

About Etrom

Etrom is an Action-RPG set in a techno-fantasy world of the future with a dark and gothic setting. The main character is an ex-military officer whose life has been suddenly disturbed by the "accidental" discovery of a mystical object that has touched his heart and soul: The Astral Essence. In this epic adventure, where technology and magic clash, your goal is more important than saving the world. It's saving yourself.

Features

• Move through a deep and involving storyline set in a dark, futuristic, "neo-gothic" world where technology and fantasy collide.
• Choose from the wide arsenal of combat weapons at your disposal, from rocket launchers to fireballs.
• Equip yourself with over 500 items such as energy weapons, magic paraphernalia, and armor.
• Explore more than 70 huge levels in areas such as the Mysterious Void Lands and the Dungeons of the Abyss.
• Pilot futuristic Mechs and face hordes of enemies and powerful Gods.
• Enjoy non-linear game play with seven possible endings!

About P.M. Studios

P.M. Studios was established in 2001 by a highly creative and professional crew of videogame and multimedia-project developers. Projects include ETROM: The Astral Essence (www.etrom.net). "Kien" (action-rpg GBA game - www.pmstudios.net/kien), "La Perla Verde" (educational videogame sponsored by E.U.), "Natura Futura" (multimedia "virtual reality" project sponsored by E.U.) and "Helmo" (educational videogame). For more information, visit http://www.pmstudios.it .

About Strategy First

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 and Jagged Alliance series of games, which are both under continuing development. Simultaneously, Strategy First continues to publish many of the industry's major titles, winning numerous awards for games such as "Kohan: Immortal Sovereigns," "Steel Beasts," and "Galactic Civilizations." Recent offerings include top releases such as "S.C.S. - Dangerous Waters" and "Disney's Aladdin Chess Adventures." 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 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:

Maria Loreto

Strategy First Inc.

Mloreto@strategyfirst.com

Tel: 514-844-3040 ext.242