Exhibit 99.2
                                                                    ------------


Silverstar Holdings Enters Into an Agreement to Acquire Strategy First


[COMPANY'S LOGO]                   BOCA RATON, FL -- (MARKET WIRE) -- 02/28/2005
                                   -- Silverstar Holdings, Ltd.
                                   (NASDAQ: SSTR) announced today that it has
                                   entered into an agreement to acquire
                                   Strategy First, Inc.

The proposed acquisition of Strategy First will be a further strategic step
towards broadening Silverstar's exposure to the electronic game industry. Upon
closing, Silverstar will operate in the online fee-based sports business,
through its subsidiary Fantasy Sports, Inc., and in the PC strategy game
business through Strategy First, a well established mid-market developer and
publisher in this segment.

Strategy is currently subject to the jurisdiction of the Montreal bankruptcy
court and therefore closing of this transaction is subject to a number of
conditions. Among them, acceptance of the plan of arrangement by the majority of
Strategy First's secured and unsecured creditors, as well as other conditions
related to Strategy First's current operations.

The agreement calls for the payment to Strategy First's creditors of
approximately $600,000 in cash and the issuance of $500,000 in Silverstar
Holdings common shares, as well as additional common shares to be issued based
upon future performance.

Should the contingent conditions be met, the transaction is expected to close in
April 2005.

About Silverstar Holdings

Silverstar Holdings Ltd. is a publicly traded company, focusing on acquiring
controlling positions in high-growth fee-based 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, as well as a stake in
Magnolia Broadband, a fab-less semiconductor company and innovator of radio
frequency (RF) solutions for the cellular industry.

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 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.

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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Contact:

Clive Kabatznik
Silverstar Holdings
(561) 479-0040
clive@silverstarholdings.com