Optibase Continues to Proivde IPTV Solutions to North Carolina
MOUNTAIN VIEW, CA and HERZLIYA, November 22, 2005 – Optibase, Ltd. (NASDAQ:OBAS) a leading provider of advanced digital video solutions today announced that that Visions West, LLC has selected the company’s MGW 5100 carrier grade IPTV streaming platform for an upgrade to their Lexington, NC headend. This upgrade includes the addition of 70 video and 38 music channels and will enable Visions West to expand delivery of advanced TV services to its subscribers.
“Optibase’s scalable solution is very appealing to our business model,” said Jim Crabtree, Chairman of Visions West. “We were maintaining two separate platforms before and are now streaming all of our services on an ATM backbone through Optibase MGW 5100’s. One of the attractive features of Optibase is the capability to stream ATM and IP concurrently. This will become a very cost effective option as we begin to trial delivery of video using IP technology.”
“We are proud to receive another vote of confidence from our existing customer base,” said Uzi Breier CEO of Optibase. “Optibase is committed to serving the IPTV marketplace with the highest quality solutions"
This press release contains forward-looking statements concerning our marketing and operations plans for specific sales to visions west. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. All forward-looking statements in this press release are made based on management’s current expectations and estimates for completion of the transaction with Visions W , which involve risks, uncertainties and other factors that could cause results to differ materially from those expressed in forward-looking statements. These statements involve a number of risks and uncertainties including, but not limited to, risks related to the evolving market for digital video in general and the infancy of the IPTV market in particular, competition, our ability to manage growth and expansion, general economic conditions and other risk factors. For a more detailed discussion of these and other risks that may cause actual results to differ from the forward looking statements in this news release, please refer to Optibase’s most recent annual report on Form 20-F. The Company does not undertake any obligation to update forward-looking statements made herein.
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- Yael Paz
- Director Corporate Communications
- Optibase, Ltd.
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