BOCA RATON, Fla., Feb. 29, 2008 (PRIME NEWSWIRE) -- Silverstar Holdings, Ltd. (Nasdaq:SSTR), a leading international publisher and developer of interactive entertainment software, will present on Friday, April 4, 2008 at 10:00 a.m. Pacific Time (1:00 p.m. Eastern Time) at the B. Riley & Co. 9th Annual Las Vegas Investor Conference to be held at the Palms Casino Resort.
A live audio webcast of the presentation will be available at http://www.wsw.com/webcast/brileyco9/sstr/. An audio replay will be available for 30 days.
Silverstar management will discuss the company's strong performance and outlook for the balance of fiscal 2008, including their robust pipeline and strong lineup of second half game releases. For the second fiscal quarter of 2008 ended December 31, 2007, revenue was up 260% over the comparable period to $10.8 million with record adjusted EBITDA of $2.1 million or $0.11 per share. The company reaffirmed its outlook for anticipated revenues in excess of $40 million for the full fiscal year ending June 30, 2008, with adjusted EBITDA in the range of $7 million to $10 million.
The Ninth Annual B. Riley Investor Conference will be the firm's largest conference to date, with three days of presentations by more than 150 companies in a variety of industries, including retail, semiconductors, technology hardware, software, IT services, communications, media, healthcare and commercial banking. Institutional investors can register for the conference at www.brileyco.com.
About B. Riley
Founded in 1997, B. Riley & Co began by successfully targeting small cap, California based companies. It has earned a reputation for providing proprietary, unbiased and often contrarian equity and high yield research coverage to institutional and private clients. In addition to providing research on more than 100 companies, it makes a market in approximately 120 securities. The firm provides investment banking services to a wide range of middle market private and public companies. B. Riley is headquartered in Los Angeles and maintains offices in Newport Beach, California, San Francisco and New York. Member NASD and SIPC. For more information, please visit www.brileyco.com.
About Silverstar Holdings
Silverstar Holdings Ltd. is an international publisher and developer of interactive entertainment software. It currently owns Empire Interactive, PLC and Strategy First, Inc. Empire Interactive (http://www.empireinteractive.com) is a leading developer and publisher of interactive entertainment software games, including Starsky & Hutch, Big Mutha Truckers, Ford Racing and FlatOut. Empire's products are delivered on both console and PC platforms. Strategy First (http://www.strategyfirst.com) is a developer and worldwide publisher of entertainment software for the PC. For more information about Silverstar Holdings visit http://www.silverstarholdings.com.