Optibase, Ltd. to Report Second Quarter 2008 Results On August 4, 2008

Webcast Scheduled for August 4, 2008

HERZLIYA, Israel, Aug. 1, 2008 (PRIME NEWSWIRE) -- Optibase, Ltd. , a leading provider of advanced video streaming platforms, today announced that it will report second quarter 2008 earnings results on Monday, August 4, 2008 during pre-market hours.

The Company will hold a conference call at 9:00 a.m. EDT on Monday, August 4, 2008 for interested investors, analysts and portfolio managers. The conference call will be available as a live, listen-only webcast. To listen to the webcast, please go to www.kcsa.com approximately twenty minutes before the conference call is scheduled to begin. You may need to download and install any necessary audio software. The webcast will be archived for 30 days.

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 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.

CONTACT:  Optibase, Ltd.
          Editorial Contact:
          Talia Rimon
          +972 99709-125
          TaliaR@optibase.com

          KCSA
          Investor Contacts:
          Marybeth Csaby
            (212) 896-1236
            mcsaby@kcsa.com
          Meghan Garrity
            (212) 896-1224
            mgarrity@kcsa.com