Exhibit 99.1
| SCOPUS AND OPTIBASE TERMINATE NEGOTIATIONS |
TEL – AVIV, November 6, 2008 – 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 offer intelligent 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: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: | Investor Relations Contact | |
| Moshe Eisenberg | Ehud Helft / Kenny Green | |
| Chief Financial Officer | GK Investor Relations | |
| Tel: +972-3-900 7100 | Tel: (US) 1 646 201 9246 | |
| Moshee@scopus.net | info@gkir.com | |
| Corporate Office | Americas | |
| Scopus Video Networks Ltd. | Scopus Video Networks Inc. | |
| 10 Ha'amal St, Park-Afek, Rosh-Ha'ayin 48092, Israel | 3 Independence Way, Princeton, New-Jersey 08540 | |
| Tel: + 972-3-9007777, Fax: + 972-3-9007888 | Tel: (609) 987-8090, Fax: (609) 987-8095 | |
| E-mail:info@scopus.net www.scopus.net | E-mail:info_us@scopus.net www.scopus.net | |