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Media 100 Inc (MDEA) RSS Feed

Followers
13
Posters
55
Posts (Today)
0
Posts (Total)
872
Created
09/14/07
Type
Free
Moderators
MDEA is a Shell Prior to becoming a shell all Media 100 assets were bought by Optibase Ltd. About Media 100 Media 100, a division of Boris FX, is a leading provider of advanced editing systems for the corporate, broadcast, post production, and multi-media industries. Featuring the most intuitive and easy-to-learn NLE interface, the company’s product lines include Media 100 HD Suite, HDe, SDe and software only editing solutions; Media 100 Producer and Producer Suite. For more information, visit www.media100.com. http://www.media100.com/press/press_release/version12.asp Last known Outstanding Shares 12,948,000 On June 2, 2004, Optibase Ltd. (NASDAQ: OBAS), issued a press release announcing that it had completed the acquisition of substantially all the assets of Media 100 following a favorable judgment from the United States Bankruptcy Court for the District of Massachusetts. The full text of that press release is attached as Exhibit 99.1 hereto. OPTIBASE ANNOUNCES COMPLETION OF MEDIA 100 ASSET ACQUISITION Media 100 Business Activity to Continue Within Optibase HERZLIYA, Israel and MARLBORO, MA, June 2, 2004 – Optibase Ltd. (NASDAQ: OBAS), a leader in digital video encoding and streaming solutions, today announced that, following a favorable judgment from the United States Bankruptcy Court for the District of Massachusetts, it has completed the purchase of substantially all of the assets of Media 100 Inc. (OTCBB: MDEA.PK), for $2.5 million (less the amount of any funding advanced), as reported in the press release dated March 22, 2004. With the addition of Media 100‘s 844/X, Media 100 HD, Media 100 i and other content design products to the Company’s product portfolio, Optibase now offers a broader selection of high quality professional video products, from digital editing and compositing to encoding and delivery. Commenting on the transaction, Tom Wyler, Chairman and CEO of Optibase said, “We are extremely excited to complete this asset acquisition and add Media 100‘s products and technology to our industry leading product family. ----------------------------------------------------------------------- http://www.borisfx.com/ http://www.media100.com http://www.optibase.com/ ----------------------------------------------------------------------- Per jimmenknee --Questions regarding MDEA should be addressed to former MDEA CFO Steve Shea (508) 259-6280 Posted by: jimmenknee In reply to: SIIX who wrote msg# 795 Date:9/27/2007 5:36:38 PM Post #of 856 Was not something that I was real interested in. I would imagine the former CFO would be able to tell you or point you in the right direction. The rep at Media 100 was instructed to ask all callers with questions regarding the prior public company to call him directly: Steve Shea (508) 259-6280 ALL IBOX INFO IS FOR RESEARCH PURPOSES ONLY DO NOT BUY THIS STOCK BASED ON THE I BOX INFO, SOME OR ALL MAY BE INACCURATE (duh) ALWAYS DO YOUR OWN DD
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