STRATEGY FIRST SIGNS LONG AWAITED RTS SEQUEL: PERIMETER II: NEW EARTH

News Flash!

MONTREAL, Quebec– July 10, 2008– Software publisher Strategy First Inc., a wholly owned subsidiary of Silverstar Holdings, Ltd. (NASDAQ: SSTR), and KDV games, are bringing back the eagerly anticipated sequel to the critically acclaimed‘Perimeter’, Perimeter II: New Earth.

The story of Perimeter II: New Earth follows the events from the original game. The Exodus, lead by the wise Spirits, have been searching for the New Earth. The Harkback have lost faith in the Spirits, overthrown their rule, and decided to head back for the Old Earth, not believing its death. Both sides took the final step on their way, but the chain has closed and mortal enemies entered the same planet face to face.

"We are excited to be working with KDV Games. We’re confident that Perimeter II will continue to build upon its award- winning tradition of developing great RTS games,” said Strategy First Business Development Manager, Emanuel Wall.

“Perimeter II is a project for intellectual gamers who appreciate a new gaming experience and innovative ideas. In order to make the most out of project potential, we were looking towards a publishing partner with the most experience in the RTS genre. Strategy First meets the case perfectly. We see our collaboration as a great opportunity to introduce fresh original ideas to true fans of the RTS genre in North America,” said Evgeny Novikov, Managing Director at KDV Games:

Ideas of territorial gameplay and landscape modification introduced in the original game are now realized on a new concept&technology level. The VistaGame Engine enhances the dynamics and depth of gameplay, turning the battlefield into an arena for the confrontation of two elements - ground and water.

"Perimeter 2" is a project for fans of the RTS genre. The revolutionary concept of terra-forming, along with new elements and fresh ideas, is sure to provide a unique gaming experience.

For more information on Perimeter 2: New Earth, please visit: http://www.strategyfirst.com/en/games/Perimeter2

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”, and“Galactic Civilizations.” Recent offerings include top releases such as“S.C.S.– Dangerous Waters™” and“Space Empires V.” 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 (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 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 fabless semiconductor company and innovator of radio frequency (RF) solutions for the cellular industry. www.silverstarholdings.com

About KDV Games

KDV Games company was founded in 2004 by a team of professional game developers with over 10 years of experience in the gaming industry. The team behind critically acclaimed“Perimeter” is known for their original explorative ideas, realized in quality game products. The company is also focused on introducing new production&development methods, incorporated in the cutting edge technology VistaGame Engine - a professional tool for the creation of RTS&RPG games. For more information, visit the company’s website at www.kdvgames.com

For more information, please contact:

Maria Loreto

Strategy First Inc.

Tel: 514-844-3040 ext.242


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