Exhibit 99.1


    SILVERSTAR HOLDINGS, LTD. "SSTR" RETAINS ALLIANCE ADVISORS TO INITIATE A
                      PROACTIVE INVESTOR RELATIONS PROGRAM

BOCA    RATON--(MARKET     WIRE)--Oct.11,2005--Silverstar     Holdings,     Ltd.
(NasdaqSC:SSTR) today announced that it has retained Alliance Advisors,  LLC, an
affiliate  of Hayden  Communications,  to  initiate  a  proactive  and  targeted
investor relations campaign. Alan Sheinwald, President of Alliance Advisors, and
his team will be  advising  the  Company in all facets of a  proactive  investor
communications  plan. The plan will include proper  positioning of the corporate
message, creation of press releases and presentation materials, coupled with the
development of long-term  investor  relationships by increasing the awareness of
SSTR's  investment  opportunity to the appropriate  members of the  professional
investment community.

Clive Kabatznik,  Chief Executive Officer of Silverstar Holdings,  said: "We are
building on the momentum  generated  during our recent fiscal year end 2005. Our
strategic  plan to become an owner and  operator  of a broad  range of fee based
electronic  game  companies'  remains  our focal  point as we drive the  Company
forward. We remain focused on adding synergistic  business to our portfolio that
will  contribute to our revenue  growth and continued  profitability.  SSTR will
also continue to aggressively seek appropriate  opportunities to enhance our top
and bottom line, both organically and through  acquisitions.  Our strong balance
sheet should  provide us with the  flexibility  to enable us to  accelerate  our
profitable growth."

Mr.  Sheinwald  commented,   "Silverstar's  strategy  of  acquiring  synergistic
profitable businesses has gained significant momentum over the past 9 months. We
believe the Company has aligned  itself to take  advantage of tremendous  growth
opportunities  in the electronic  gaming  industry.  We are pleased to have SSTR
join our  portfolio of  undervalued  companies.  We look forward to working with
Clive  Kabatznik and his team to bring  awareness to SSTR as a solid  investment
opportunity in the public market place."

About Alliance Advisors

Alliance  Advisors,  LLC, an affiliate of Hayden  Communications,  Inc., assists
public  companies  with market  valuations  under $100 million by developing and
executing  investor   communications  programs  dedicated  to  interfacing  with
critical  corporate  investors in a timely and accurate manner.  Clients receive
the treatment of a larger organization, while Alliance provides the guidance and
preparation for exposure  required of an emerging  public  company.  As Alliance
clients achieve operational  consistency,  their investor relation campaigns are
transitioned  to the  reach of the  broader  national  institutional  investment
community.

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 fabless 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:
Silverstar Holdings, Inc.
Clive Kabatznik, President and CEO
(561) 479 0040
clive@silverstarholdings.com

Or

Alliance Advisors, LLC
Alan Sheinwald, (914) 244-0062
asheinwald@allianceadvisors.net

                                       ###