October 12, 2004

ADAM SCHADLE APPOINTED PRESIDENT OF OPTIBASE

MOUNTAIN VIEW, CA - Optibase (www.optibase.com), maker of digital video encoding and streaming solutions, has appointed Adam Schadle president. He will oversee all of the company's US activities.

Schadle is well versed in broadcast, film and digital video encoding and streaming technologies. He most recently held the position of VP of sales, overseeing the worldwide sales efforts of Optibase's video technologies business unit. He joined the company in December of 2000 when it acquired Viewgraphics, where he was VP of sales and marketing.