HERZLIYA, Israel, September 23, 2008 – Optibase Ltd. (NASDAQ:OBAS) (the "Company" or Optibase"), a leader in advanced digital video solutions, today announced that following its resolution to delist its Ordinary Shares from trade on the Tel Aviv Stock Exchange ("TASE") (see also the Company's announcement dated June 25, 2008), the delisting of the Company's ordinary shares from trade on the TASE shall be effective on September 28, 2008. The last day for trading of the Company's ordinary shares on the TASE is September 24, 2008. The ordinary shares of the Company will continue to be listed on the Nasdaq Global Market.
About Optibase
Optibase provides professional encoding, decoding, video server upload and streaming solutions for telecom operators, service providers, broadcasters and content creators. The company’s platforms enable the creation, broadband streaming and playback of high quality digital video. Optibase’s breadth of product offerings are used in applications, such as: video over DSL/Fiber networks, post production for the broadcast and cables industries, archiving; high-end surveillance, distance learning; and business television. Headquartered in Israel, Optibase operates through its fully owned subsidiary in Mountain View, California and offices in, Japan, China, India and Singapore. Optibase products are marketed in over 40 countries through a combination of direct sales, independent distributors, system integrators and OEM partners. For further information, please visit www.optibase.com.
This release and prior releases are available on the Company’s Web site at www.optibase.com. This release and prior releases are also available on the KCSA Public Relations Worldwide Web site at www.kcsa.com. |
