Dangerous Waters Ships
Montreal, Canada. December 20, 2005. Software publisher Strategy First, Inc. a wholly owned subsidiary of Silverstar Holdings, Ltd. (Nasdaq: SSTR), and Sonalysts, Inc. are thrilled to announce that the modern naval combat simulator, “S.C.S - Dangerous Waters™” has shipped to major retailers nationwide. “S.C.S - Dangerous Waters™” is a modern naval warfare simulator that gives players absolute control over multiple air, surface, and submarine platforms. Gamers can play as the American, Chinese or Russian forces and will engage the enemy on, above, and below the ocean’s surface as commander of ten of the world’s most effective naval platforms.

““Dangerous Waters” is good to go!” says Jay Podilchuk, Executive Producer at Strategy First. “All the Wargamers and Armchair Generals out there better brace themselves; “Dangerous Waters” is going to be bringing some much needed, high-quality strategy to this season’s Christmas PC line up.”

“As the first game in our Sonalysts Combat Simulations brand, we’re very excited to be releasing “Dangerous Waters” to the masses this Holiday season.” says Jamie Carlson, Producer at Sonalysts, Inc. “The response from the gaming media has been extremely positive and we’re confident that the gaming community will be equally enthusiastic when they discover the infinite strategic possibilities that the game provides.”

With the addition of GameSpy Arcade support, the retail version of “S.C.S. – Dangerous Waters™” includes standard multi-player and multi-station functionality. Thus, players will be able to compete against each other or collaborate as a team. When utilizing “multi-station” mode in multi-player, up to 30 players can team up and operate individual crew stations on the SAME platform to achieve mission objectives.

For more information on “S.C.S - Dangerous Waters™” please visit:

“S.C.S - Dangerous Waters™” is now available at major retailers, such as Gamestop and Best Buy, for a suggested retail price of $39.99. The impressive 570 page Dangerous Waters manual can be purchased at www.strategyfirst.com. “S.C.S - Dangerous Waters™” is rated “E” for everyone by the ESRB.

About Sonalysts, Inc.
Sonalysts, Inc., based in Waterford, CT, is an employee-owned business with 450 employees. Its annual sales are in excess of $50M and it has been serving government and commercial clients since 1973. Sonalysts began developing computer simulation games for the commercial market in the mid-nineties as part of its diversification plan following the end of the Cold War. Sonalysts has developed three PC naval simulation games to date – Jane’s 688(I) Hunter/Killer™, Jane's Fleet Command™, and Sub Command™. Each of these games has won a variety of awards from "Best Combat Sim of the Year" to "Best Maritime Sim" of 2001. Sonalysts' games provide the user with a scalable experience so that the most dedicated simulation and casual players can both equally enjoy them. All of the games (including S.C.S. - Dangerous Waters) are being used by the U.S. military for training and/or as a simulation analysis tool. Jane’s Fleet Command has been used by ABC and NBC News to assist in broadcast visualization of military operations in Iraq, Kosovo, and Afghanistan.
For more information about Sonalysts, Inc., please visit: http://www.sonalysts.com.
For information on all Sonalysts games, please visit: http://www.sonalystscombatsims.com.

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 “S.C.S - Dangerous Waters™” 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.
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Game: Dangerous Waters (PC)