EXHIBIT 99.1


Silverstar Holdings Announces Acquisition of Strategy First

Transaction Represents a Significant Step Towards Implementing Broader Fee-Based
Electronic Online Game Strategy

SILVERSTAR HOLDINGS                 BOCA RATON, FL -- (MARKET WIRE) --
                                    04/22/2005 -- Silverstar Holdings, Ltd.
                                    (NASDAQ: SSTR) announced today that it has
                                    acquired Montreal-based Strategy First,
                                    Inc., a leading developer and worldwide
                                    publisher of entertainment software.

This acquisition represents a significant milestone towards implementing
Silverstar's strategic plan to acquire, own and operate well-established,
fee-based electronic game companies across a broad spectrum of industry
segments. Silverstar now operates in the online fee-based sports business
through Fantasy Sports, Inc. and in the PC strategy game business through
Strategy First.

The acquisition was made through the jurisdiction of the Montreal bankruptcy
court. As per the approved plan of arrangement, consideration to creditors
consists of approximately $600,000 in cash, the issuance of approximately
400,000 shares of SSTR Common Stock, the assumption of approximately $400,000 in
existing bank debt, as well as contingent consideration based on the future
profitability of Strategy First.

Clive Kabatznik, CEO of Silverstar Holdings, said, "We are delighted to have
completed this transaction. It is a significant event for Silverstar on a number
of levels. Firstly, it marks the initial step towards implementing our strategic
plan to become an owner and operator of a broad range of fee-based electronic
game companies. We strongly believe that the fee-based electronic game industry,
and in particular the online element of this industry, is one of today's most
exciting business opportunities. The operating leverage provided by the Internet
and other distribution platforms provides a compelling business model that, if
implemented successfully, can provide excellent shareholder value."

"Secondly, in Strategy First and its management team, we believe we have
acquired a well-established, experienced player in the strategy/role playing
electronic game segment. Strategy has been in business for over 15 years and has
established a reputation among developers, retailers and gamers worldwide as a
reputable publisher of quality titles. Additionally, with the consolidation of
the electronic game industry, there is a growing need for mid-sized, independent
publishers, like Strategy First, who focus on providing titles to market
segments that are typically ignored by the industry giants. Prior to its 2004
bankruptcy filing, Strategy operated profitably. We anticipate that with its new
streamlined and focused operations, Strategy First will contribute to the growth
of Silverstar's shareholder value," Mr. Kabatznik continued.

"Finally, by cost-effectively acquiring Strategy through a bankruptcy
restructuring, we now control a company with a clean balance sheet and a
refocused business strategy that holds great promise. Post acquisition,
Silverstar has in excess of $9 million in financial assets, of which
approximately $5 million is cash, with no appreciable debt, at the corporate
level. Therefore, as we integrate Strategy First into our operations we will
continue to seek additional growth opportunities, both organically and through
acquisition, to further implement our strategic plan," Mr. Kabatznik concluded.

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. www.silverstarholdings.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 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.

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