Optibase Ltd. (Nasdaq: OBAS), today announced the results of the Annual
General Meeting of its shareholders held today, Monday, October 19,
2009, in Herzliya, Israel.
At the meeting, all proposals set forth in Optibase's proxy statement
dated September 2, 2009, as amended (the "Proxy Statement") sent in
connection with the meeting were approved by the required majorities.
For further information concerning the proposals, please refer to the
Proxy Statement.
About Optibase
Optibase provides video over IP solutions, specializing in video
encoding, decoding and streaming for federal and state government
agencies, Telco operators, enterprise organizations and the world's
leading broadcast service providers. With a collection of open,
standards-based products, Optibase enables its customers to take full
advantage of video distribution over their IP network, ensuring superb
video quality in a scale of bit-rates for simple and effective video
streaming to desktops, STBs and VOD applications. Optibase has recently
resolved to diversify its operations by entering into the fixed-income
real-estate sector. For further information, please visit www.optibase.com.
This press release contains forward-looking statements concerning our
marketing and operations plans. 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 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 video technologies market in
general, and the evolving 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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