BOCA RATON, Fla., Aug. 14, 2007 (PRIME NEWSWIRE) -- Silverstar Holdings (Nasdaq:SSTR) today announced the European version of the critically acclaimed game, FlatOut Ultimate Carnage for the Xbox 360, continues to place in the Top 10 Chart Track standings for the seventh consecutive week. The game ranked number six in the charts for the week ended August 3.
Adding to the game's momentum, the Xbox Live playable demo version is the most popular download on Xbox Live Market-place in Europe, with over 120,000 downloads in the first two weeks. The game has sold in excess of 60% across all territories and reorders are ahead of forecast.
Clive Kabatznik, CEO of Silverstar, said, "The success of the European version of this spectacular game bodes well for the upcoming release of this much-anticipated game in North America during the fourth quarter of this year. With the delay in the release of GTA IV and Burnout, we are confident that FlatOut Ultimate Carnage will more than meet the needs of gamers looking for the excitement and fast paced action of a classic head-on multiplayer racing game. The FlatOut franchise continues to gain significant market share and we believe that this franchise will generate value for us in 2007 and beyond."
FlatOut Ultimate Carnage recently received an 83% rating from both ign.com and Games Master and an 80% ranking from 360gamer and XboxWorld 360.
"Ultimate Carnage has to be an essential purchase." -- 360gamer "As pure and genuine a thrill as you'll experience in any racer." -- XboxWorld "Should you think twice? Nope! A winner." -- Games Master "Impressive, Head-on multiplayer mode is a stroke of genius." -- ign.com
About Empire Interactive
Empire Interactive has been a leading publisher of interactive entertainment software for nearly two decades. Headquartered in the UK, Empire Interactive also has offices in the U.S., Germany, France, Spain and Italy. The company develops and publishes a varied range of titles for all current platforms in the U.S., 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.
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About Silverstar Holdings
Silverstar Holdings Ltd. is a leading international publisher and developer of interactive entertainment software. The company owns Empire Interactive PLC and Strategy First Inc. a leading developer and worldwide publisher of entertainment software for the PC. For more information about Silverstar Holdings visit www.silverstarholdings.com.
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 Silverstar Holdings' filings with the Securities and Exchange Commission.