Optibase Announces Management Changes

October 12, 2007

Source: Optibase

Yossi Aloni Promoted to President of Optibase Inc, the Company's U.S. Subsidiary - Eli Sharon Joins as Vice President Research & Development, Optibase Ltd.

Optibase Ltd. a leading provider of advanced digital video solutions announced today the appointment of Mr. Yossi Aloni as president of the Company's U.S. subsidiary, Optibase Inc., replacing Adam Schadle who is leaving Optibase Inc. for another business endeavor. In addition, Mr. Eli Sharon will be joining the Company as vice president of research & development. Both Mr. Aloni and Mr. Sharon will play key roles in the advancement of the Company as it continues the execution of its business plan. They bring vast experience in both the video and broadcast markets, the primary markets in which the Company operates.

Mr. Aloni will oversee all of Optibase's US-based activities in addition to his current position of vice president of marketing and the responsibility for the Company's overall business development, marketing strategy and policy, product definition and product marketing management. Mr Michael Chorpash, who has played a key role in sales management at Optibase Inc., has been promoted to vice president of sales. Mr. Chorpash will be responsible for managing the sales team in Optibase Inc.

Mr. Sharon, in his role as Optibase's vice president of research and development, will be responsible for the Company's global research and development strategies. Sharon is taking over these responsibilities from Mr. David Sackstein allowing Mr. Sackstein to devote his time to his role as chief technology officer. Prior to joining Optibase, Mr. Sharon served as director of system engineering and program manager at YES, the leading satellite television provider in Israel.

"I would like to thank Adam for years of dedication and service to the Company. Adam has played a key role in multiple facets of our organization and has been a great asset to the Company. We are very sorry to see Adam depart from Optibase and we wish him all the best," said Tom Wyler, executive chairman and CEO of Optibase.

Mr. Wyler continued, "On behalf of everyone at Optibase, I would like to welcome Eli Sharon to the Company and congratulate Yossi Aloni in his new role. Both are important contributions to Optibase management team with their vast knowledge and expertise in video and broadcasting technologies.

As part of the management team, they will play a key role in leading Optibase forward, creating innovative solutions and striving to achieve our strategic goals. We are very pleased to have them both on board."

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