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[March 22, 2006]

Optibase and BitBand Showcase Innovative IPTV Solutions at CCBN 2006

BEIJING --(Business Wire)-- March 22, 2006 -- Optibase Ltd. (Nasdaq:OBAS), a leader in advanced digital video head end solutions, and BitBand, a leading provider of video delivery over IP solutions, is demonstrating innovative IPTV solutions including streaming and encoding technologies, TV on Demand applications and advanced Video On Demand (VOD) functionality at the CCBN 2006 Conference & Expo, Booth # 6B01 March 21-23 in Beijing.


The cooperation between the two companies has already yielded successful deployments in Europe such as first IPTV deployment in Ireland led by Magnet Networks and the Nordic total broadband solutions provider, Industria and is now presented to the Chinese market including each company's enhancements to its product line.

About BitBand

BitBand (www.bitband.com) is a world leader in providing video content distribution and delivery solutions over IP broadband networks for Telcos. The company's solutions are targeted at large scale deployments of TV-centric residential subscribers and are optimized for Telco's hybrid and distributed network architectures. BitBand Maestro(TM) Content Distribution and Video network Management Suite and BitBand Vision(TM) appliance servers form the most scalable and cost-effective On-Demand solution existing today for the IP-TV environment. BitBand helps Telcos and Next Generation Service Providers realize the Triple Play offering, enabling quick entry into new markets, faster ROI and a safe track to profitable large scale service. BitBand's technology is field proven and widely deployed, serving more commercial subscribers than any other IP-TV VOD technology vendor. Additionally, BitBand partners with many system integrators and suppliers of other components of the IP-TV value chain, to provide the operator with a complete end-to-end solution.

About Optibase

Optibase, Ltd. (Nasdaq:OBAS) 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 Original Equipment Manufacturers' 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 and estimates, 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 evolving market for digital video in general and the infancy of the 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.

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