SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
Report of
Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
The
Securities Exchange Act of 1934
For the
month of January, 2010
OPTIBASE
LTD
(Translation
of registrant's name into English)
2 Gav Yam Center,
7 Shenkar Street, Herzliya
46120, Israel
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.
Form
20-F x Form
40-F o
Indicate
by check mark whether the registrant by furnishing the information contained in
this form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No x
If "Yes"
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- N/A
Attached
hereto and incorporated by reference herein is a copy of the press
release
OPTIBASE
ANNOUNCES RECEIPT OF NOTICE REGARDING
TERMINATION OF PURCHASE AGREEMENT
REGARDING INTEREST IN
485 LEXINGTON AVENUE, NEW YORK, NY
This
report is hereby incorporated by reference to the Registration Statements on
Form S-8 (File Nos.
333-10840;333-12814;333-13186;333-91650;333-122128;333-137644;333-139688) of the
Company.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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OPTIBASE
LTD.
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By:
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/s/ Amir
Philips |
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Name:
Amir Philips |
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Title:
Chief Financial Officer |
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Date:
January 7, 2010
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Media
Contacts:
Talia
Rimon, Director of Marketing Communications, Optibase, Ltd.
011-972-9-9709-125
taliar@optibase.com
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Investor Relations
Contact:
Marybeth
Csaby, KCSA for Optibase
+1-212-896-1236
mcsaby@kcsa.com
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OPTIBASE
ANNOUNCES RECEIPT OF NOTICE REGARDING
TERMINATION OF PURCHASE AGREEMENT
REGARDING INTEREST IN
485 LEXINGTON AVENUE, NEW YORK, NY
HERZLIYA, Israel, January 7, 2010
– Optibase Ltd. (Nasdaq: OBAS), today announced that Green 485 JV LLC,
the seller of 485 Lexington Avenue in Manhattan, delivered a letter stating that
the Purchase Agreement for 485 Lexington Avenue is terminated and requesting
that deposit for the transaction be returned to Optibase and its joint venture
partner with interest. For additional information on the 485 Lexington Avenue
transaction, see the Company's announcement dated August 10, 2009. Optibase is
currently reviewing the letter.
About
Optibase
Optibase
provides video over IP solutions, specializing in video encoding, decoding and
streaming for federal and state government agencies, Telco operators, enterprise
organizations and the world's leading broadcast service
providers. With a collection of open, standards-based products,
Optibase enables its customers to take full advantage of video distribution over
their IP network, ensuring superb video quality in a scale of bit-rates for
simple and effective video streaming to desktops, STBs and VOD applications.
Optibase has recently resolved to diversify its operations by entering into the
fixed-income real-estate sector. 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 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, difficulties in finding suitable real-estate
properties for investment, availability of financing for the acquisition of
real-estate, difficulties in leasing of real-estate properties, insolvency of
tenants, difficulties in the disposition of real-estate projects, 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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