Silverstar's Empire Interactive Introduces "FlatOut: Head On" for Sony's PSP

Market Wire, November, 2007

Empire Interactive PLC, the international developer and publisher of interactive entertainment software and a unit of Silverstar Holdings (NASDAQ: SSTR), revs up its multi award-winning FlatOut series with the introduction of "FlatOut: Head On," the most destructive racing game for the Sony PSP® (PlayStation® Portable). Empire plans to launch "FlatOut: Head On" in Europe in early 2008, followed by a North American release.

Destined to continue the worldwide success of the FlatOut series, "FlatOut: Head On" takes advantage of the PSP's recently enabled faster processing power and the instant pick up and play arcade style. It boasts the most four-wheeled mayhem ever seen on PSP, with no less than nine different game modes, including carnage challenges, full career, destruction derbies, multiplayer party mode and the bone-crunching ragdoll stunt mode.

"This is the first time the FlatOut series has been brought to the PSP and the results are stunning," said Rob Noble, Empire's European marketing manager. "The developers have taken all the intense racing mayhem of FlatOut and crunched it all into the PSP. This game will raise the bar for handheld arcade racing games and pushes the PSP to its limits."

Clive Kabatznik, CEO of Silverstar Holdings, added, "'FlatOut: Head On' is another major step forward in our plan to maximize product potential across all game consoles and leverage the power of Empire's unique European distribution network. Following its launch in Europe, we naturally will bring it to North America, where it, like the others in the series, is destined to be a huge success."

The FlatOut physics engine delivers levels of extreme racing that have yet to be seen on the PSP. Get ready for head on destruction that could leave the track, your car and even you in a million pieces. Persistent objects like fallen rocks, shopping trolleys and car parts remain on the track from one lap to the next, creating additional obstacles to avoid. The more carnage you create, the more points you score, though it also means the more problems you will face. However, using this to your advantage will get you even more bonus points by wrecking other vehicles throughout the race. With multiplayer WIFI and party gaming modes from wheel to wheel challenges, demolition derbies and the fans' favorite, the rag doll stunts, the only reason you will stop is if you have no wheels left.

About Empire Interactive

Empire Interactive PLC is a leading publisher of interactive entertainment software that has been established for 19 years. Headquartered in the UK, Empire Interactive also has offices in the US, Germany, France, Spain and Italy. The company develops and publishes a varied range of titles for all current platforms in the US, Europe and Asia. Games such as Starsky & Hutch, Big Mutha Truckers, Ford Racing and FlatOut have all enjoyed success across the world. Its budget label, Xplosiv, is one of the fastest growing in Europe. Further information about Empire Interactive and its products can be found at www.empireinteractive.com .

About Silverstar Holdings

Silverstar Holdings Ltd. is a leading international publisher and developer of interactive entertainment software. It currently owns Empire Interactive, PLC and Strategy First, Inc., a leading development and worldwide publisher of entertainment software for the PC. For more information about Silverstar Holdings visit www.silverstarholdings.com .

"PlayStation" and "PSP" are registered trademarks of Sony Computer Entertainment Inc.

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.

For more information or game play demo requests please contact: David Bancroft Naked Ape PR Tel: 44 (0) 20 8675 2906 Mob: 44 (0)7792 945 004 Company contact: Silverstar Holdings Ltd. Clive Kabatznik President and CEO Tel 561-479-0040 Email Contact Investor relations: Liolios Group, Inc. Matt Glover or Ron Both Tel 949-574-3860 Email Contact