SOURCE: Silverstar Holdings

September 15, 2005 08:00 ET

Strategy First Obtains Worldwide Rights for Dangerous Waters

Groundbreaking Naval Simulation Game Caps Successful Release Schedule

BOCA RATON, FL -- (MARKET WIRE) -- September 15, 2005 -- Software publisher Strategy First Inc., a wholly owned subsidiary of Silverstar Holdings, Ltd. (NASDAQ: SSTR), and Sonalysts Combat Simulations, the developers of the highly successful Jane's 688(i) Hunter/Killer, Jane's Fleet Command, and Sub Command games, are pleased to announce a rights agreement for "S.C.S. - Dangerous Waters," a groundbreaking naval simulation game. This game, anticipated to be available in all major retail outlets in late 2005, is the capstone of Strategy First's upcoming release schedule.

"In securing the worldwide rights for 'S.C.S. - Dangerous Waters,' Strategy First has obtained a valuable asset that has the potential to become a new franchise. We are delighted that Sonalysts Combat Simulations, one of the world's leading developers of sophisticated military simulation games, has chosen Strategy First as their worldwide partner for this exciting game," said Clive Kabatznik, CEO of Silverstar Holdings.

Kabatznik continued, "On acquiring Strategy First in late April 2005, we focused on rebuilding their product pipeline and upgrading their distribution network. This transaction, along with our recent distribution agreements with Black Bean in Western Europe and 2WG in the US, marks the completion of this critical phase."

"Strategy First anticipates releasing 16 games through the end of June 2006. The quantity and quality of this release schedule places Strategy First firmly back among the leading international software publishers," he concluded.

Anticipated Release Schedule

4th Quarter 2005
Dangerous Waters
Battle for Europe
Cuban Missile Crisis: Aftermath
Legion Arena
Space Empires IV Deluxe

1st Quarter 2006
Disney Chess
Brigade E 5
Disciples Rise of the Elves Gold
10 Pack Best of SFI
Seal of EvilSpace Empires V

2nd Quarter 2006
Alfa - Antiterror
Cuban Missile Crisis: Ice Campaign
Jagged Alliance DS
Gang Wars
Jagged Alliance 3D

About Dangerous Waters

"S.C.S. - Dangerous Waters" is a modern naval warfare simulator that gives players absolute control over multiple air, surface, and submarine platforms. Players will engage the enemy on, above, and below the ocean's surface as commander of ten of the world's most effective naval platforms. Gamers will focus their attention on taking direct control of individual crew stations, from sonar and radar rooms to weapon control and navigation consoles. Missions in "S.C.S. - Dangerous Waters" are interconnected, with all consequences from previous missions affecting the next in the campaign. Gamers can play as select U.S., Russian, or Chinese forces.

"S.C.S. - Dangerous Waters" is an extremely deep game that presents gamers with a rewarding and challenging simulation experience. Fans of Sonalysts' last game, "Sub Command," will certainly enjoy playing this new title.

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.

Contact Information

  • Contact:
    Clive Kabatznik
    Silverstar Holdings
    (561) 479-0040
    Email Contact