Solution Forms a Foundation for Lifetime's Multi Platform Digital Strategy

NEW YORK, April 24, 2006 -- Venaca, a leading provide of Digital Asset Management systems, and Optibase, Ltd. (NASDAQ:OBAS), a leading provider of advanced digital video solutions, announced today that the Optibase customized professional digital video ingest system developed with Venaca has been deployed by Lifetime Entertainment Services for the networks' transition from tape into a file based environment.

When it is part of a Digital Asset Management (DAM) system, the integrated solution enables top quality video capture, EDL creation, annotation archive retrieval, editing and asset management at the same time. It incorporates Optibase's encoding technologies with specially developed capabilities such as frame-accurate encoding engines, digital master (50 Mbps MPEG-2 IMX) and proxy ingest (3 Mbps MPEG-2 and MPEG-1), embedded audio, and decode while encode for the real time verification of the actual output content.

"Creating a master archive with quality files is a critical component of the foundation for a robust digital asset management system, said Eric Bolten, Vice President of Sales, Venaca. "Optibase has proven itself an excellent technology partner for building such custom systems that require sophisticated technologies and complex integration."

"Our long time video expertise has enabled us to work closely with our customers to define the specifications, develop the software, integrate the hardware platforms and provide a full system, up to the standards of a professional broadcaster," said Ofer Harari, VP of Professional Services, Optibase. "On top of our renowned encoding technology, Lifetime Entertainment benefits from expert integration that resulted in a comprehensive cost effective solution."

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