Silverstar Holdings: Silverstar Holdings Reports Receipt and Resolution of Nasdaq Matter

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BOCA RATON, FL (MARKET WIRE) Silverstar Holdings, Ltd. (NASDAQ: SSTR) announced today that it received a Nasdaq Staff Deficiency Letter on July 28, 2006 indicating that Silverstar Holdings, Ltd. had previously failed to comply with the shareholder approval requirements for continued listing as set forth in Marketplace Rule 4350(i)(1)(A) but has since regained compliance with such listing rule. The matter is considered by Nasdaq to

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