Scopus and Optibase Terminate Negotiations
November 06 2008 - 1:00PM
PR Newswire (US)
TEL-AVIV, Israel, November 6 /PRNewswire-FirstCall/ -- Scopus Video
Networks Ltd. (NASDAQ:SCOP), a provider of digital video networking
products, today announced that the previously announced
negotiations to acquire the business of Optibase Ltd.
(NASDAQ:OBAS), the Company's principal shareholder, have been
terminated. 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 offerintelligent 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, but not limited to, (1) risks
in product and technology development, (2) market acceptance of new
products and continuing product demand, (3) the impact of
competitive products and pricing, (4) changes in domestic and
foreign economic and market conditions, and (5) the other risk
factors set forth in our most recent annual report on Form 20-F
filed with the Securities and Exchange Commission. 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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