Silverstar Holdings Receives Notice From NASDAQ Affirming Compliance to Certain Marketplace...

Silverstar Holdings Receives Notice From NASDAQ Affirming Compliance to Certain
Marketplace Rules

BOCA RATON, Fla., April 17, 2008 (PRIME NEWSWIRE) -- Silverstar Holdings, Ltd.
(Nasdaq:SSTR) a leading international publisher and developer of interactive
entertainment software, announced it has received a letter from The NASDAQ Stock
Market stating that while the company's issuance of $7.5 million 9% Convertible
Debentures and warrants to purchase common stock (the "Transaction") did not
comply with NASDAQ's shareholder approval rules pursuant Marketplace Rule
4350(i)(1)(D), the company had subsequently regained compliance by amending
certain terms of the transaction. These changes are reflected in the Form 8-K
filing of the amended terms of the transaction.

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: Silverstar Holdings, Ltd.
Clive Kabatznik, Chief Executive Officer
561-479-0040