BOCA RATON, Fla., May 16, 2007 (PRIME NEWSWIRE) -- In a release issued by Silverstar Holdings, Ltd. (Nasdaq:SSTR) earlier today under the same headline, note that the Revenues Increased by 208% for the Quarter and 175% for the Nine Months as stated in the subheadline, and not 308% for the quarter and 275% for the nine months as previously stated in the second paragraph.

Silverstar Holdings and Empire Interactive will hold a shareholder update conference call at 4:15 p.m. on Wednesday, May 23, 2007.

If you are unable to participate in the conference call, please see:
http://investor.shareholder.com/media/eventdetail.cfm?mediaid=25672&c=SSTR&mediakey=A2FAC2D71FBF24B63FF634A10824952B&e=0

CONTACT:  Silverstar Holdings, Inc.
          Clive Kabatznik, President and CEO
          561-479-0040
          clive@silverstarholdings.comAlliance Advisors, LLC
          Alan Sheinwald, President
          914-244-0062
          asheinwald@allianceadvisors.net