Scopus Announces Results of Special Meeting
June 16 2008 - 2:10PM
PR Newswire (US)
None of the Proposals was Approved TEL AVIV, June 16
/PRNewswire-FirstCall/ -- Scopus Video Networks Ltd. (NASDAQ:SCOP),
a provider of digital video networking products, today announced
the results of its Special Meeting of Shareholders held earlier
today. As previously announced, the Special Meeting was called (1)
to act on the Board's proposal to amend the Company's Articles of
Association in a manner that will declassify the Company's Board of
Directors, effective as of the next annual meeting; (2) to act on
Optibase's proposal to amend the Company's Articles of Association
in a manner that will declassify the Company's Board of Directors;
and (3) subject to approval of proposal 2, to act on Optibase's
proposal to elect five nominees proposed by Optibase to the
Company's Board of Directors. At the Special Meeting held earlier
today, none of the foregoing proposals was approved. About Scopus
Video Networks Scopus Video Networks (NASDAQ:SCOP) develops,
markets and supports digital video networking solutions that enable
network operators to offer advanced video services to their
subscribers. Scopus' solutions support digital television, HDTV,
live event coverage and content distribution. Scopus' comprehensive
digital video networking solution offer intelligent video gateways,
encoders, decoders and network management products. Scopus'
solutions are designed to allow network operators to increase
service revenues, improve customer retention and minimize capital
and operating expenses. Scopus' customers include satellite, cable
and terrestrial operators, broadcasters and telecom service
providers. Scopus' products are used by hundreds of network
operators worldwide. For more information visit:
http://www.scopus.net/ Forward-Looking Statements This press
release and the letter quoted herein may include "forward-looking
statements" that are not purely historical regarding our
intentions, hopes, beliefs, expectations and strategies for the
future. Forward-looking statements that are based on various
assumptions may be identified by the use of forward-looking
terminology, such as "may," "expects," "intends," "believes,"
"view" and similar words and phrases. Such forward-looking
statements are inherently subject to known and unknown risks and
uncertainties. Actual results could differ materially from those
set forth in forward-looking statements due to a variety of
factors, including those set forth in our annual report on Form
20-F. Except as required by law, Scopus does not undertake any
obligation to update forward-looking statements made herein.
Company Contact: Moshe Eisenberg Chief Financial Officer Tel:
+972-3-900-7100 Investor Relations Contact Ehud Helft / Kenny Green
GK Investor Relations Tel: (US) +1-646-201-9246 DATASOURCE: Scopus
Video Networks Ltd CONTACT: Company Contact: Moshe Eisenberg, Chief
Financial Officer, Tel: +972-3-900-7100, ; Investor Relations
Contact, Ehud Helft / Kenny Green, GK Investor Relations, Tel: (US)
+1-646-201-9246,
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