Silverstar Holdings Affiliate, Magnolia Broadband's DiversityPlus(TM) Smart Antenna Technology Named to EDN'S Hot 100 Products of 200512 February 2006
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About Magnolia Broadband
Magnolia is an innovative developer of semiconductors for the wirelessindustry and the first company to provide mobile transmit diversity antennatechnology, DiversityPlus™ using a unique RF (Radio Frequency) chipset.With DiversityPlus™ technology, wireless carriers are able to increaseup to twice as many subscribers within the same wireless infrastructurewhile boosting phone coverage, data rates and battery performance withoutany changes to their infrastructure or related wireless air interfacestandards.
DiversityPlus™ technology benefits all wireless protocols and iscurrently being commercialized for CDMA2000, UMTS/WCDMA and WiMAXstandards. Since its inception in 2001, Magnolia has raised more than $40million in capital from notable investors which include Draper FisherJurvetson Gotham, ECentury Capital Partners, Intel Capital, SCP PrivateEquity Partners, Selway Partners and Silverstar Holdings. Magnolia hasfiled numerous patents related to its core technology. For moreinformation, go to www.magnoliabroadband.com.
DiversityPlus™ is a trademark of Magnolia Broadband, Inc.
About Silverstar Holdings
Silverstar Holdings Ltd. is a publicly traded company (NASDAQ: SSTR),focusing on acquiring controlling positions in high growth retail drivenand fee-based electronic game businesses that stand to benefit from theeconomies of scale generated by the Internet and other technology relatedplatforms. It currently owns Fantasy Sports, Inc., a dominant provider offee-based NASCAR related and other fantasy sports games, Strategy FirstInc., a leading developer and worldwide publisher of entertainment softwarefor the PC, as well as a stake in Magnolia Broadband, a fablesssemiconductor company and innovator of radio frequency (RF) solutions forthe cellular industry. www.silverstarholdings.com
The statements which are not historical facts contained in this pressrelease are forward-looking statements that involve certain risks anduncertainties, including but not limited to risks associated with theuncertainty of future financial results, additional financing requirements,development of new products, regulatory approval processes, the impact ofcompetitive products or pricing, technological changes, the effect ofeconomic conditions and other uncertainties detailed in the company'sfilings with the Securities and Exchange Commission.
Magnolia Contact InformationMelissa DolanFusion Public Relations570 Seventh AvenueNew York, NY 10018(212) 651-4236Email Contact
Larry WasylinVice President Sales & MarketingMagnolia Broadband, Inc.550 Hills DriveBedminster, NJ 07921(908) 234-0885Email Contact
Silverstar Holdings Contact Information:
Silverstar Holdings, Inc.Clive KabatznikPresident and CEO(561) 479 0040Email Contact
Or
Alliance Advisors, LLCAlan Sheinwald(914) 244-0062Email Contact
SOURCE: Silverstar Holdings
Source: marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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