STRATEGY FIRST TERMINATES THEIR AGREEMENT WITH GAME FACTORY INTERACTIVE FOR THE DEVELOPMENT OF DISCIPLES III
Montreal, Canada. January 11, 2005. Software publisher Strategy First, Inc. a wholly owned subsidiary of Silverstar Holdings, Ltd. (NASDAQ: SSTR) announced today that their Agreement with Game Factory Interactive for the development of â€œDisciples IIIâ€ has been terminated. Mistland South, a development studio owned by Game Factory Interactive, will therefore not be responsible for the development of this next addition to the popular series.
â€œJagged Alliance 3D,â€ the upcoming addition to Strategy Firstâ€™s renowned Jagged Alliance franchise, is still currently under development by Mistland South.
â€œDisciples IIIâ€ development has been started already by another studio to be announced shortly.
About Game Factory Interactive Ltd.
Game Factory Interactive Ltd was founded in 2003 by a group of professionals with extensive experience and knowledge in the Video Gaming Industry. Game Factory Interactive Ltd. is an independent PC Games developer and publisher with offices in Seattle (WA, USA), Ottawa (Ontario, CANADA), Moscow (Russian Federation) and Kiev (Ukraine). Game Factory Interactive Ltd. publishes directly in both Russian and Ukrainian markets via their partner companies in Eastern Europe and sublicense in other territories. As one of the leading publishers in the former Soviet Union, their main goal is to bring high quality game titles to the ex-Soviet Union and Eastern Europe.
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 such as â€œS.C.S - Dangerous Watersâ„¢â€ and â€œDisneyâ€™s Aladdin Chess Adventuresâ€ and simultaneously developing its own in-house titles such as â€œO.R.B.â€ and â€œDisciples IIâ€. After winning numerous awards for games such as â€œDisciples: Sacred Landsâ€, â€œKohan: Immortal Sovereignsâ€, â€œSteel Beastsâ€, â€œGalactic Civilizationsâ€, and â€œJagged Allianceâ€, 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 .
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 fab-less semiconductor company and innovator of radio frequency (RF) solutions for the cellular industry. www.silverstarholdings.com