Media 100 Inc (MDEA)

[DownWithPumpers]

Here's the iBox as of a few days ago:
Moderator: MOMO Assistants: WANG, The_Pink_Lawyer, HDOGTX, SIIX



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http://www.borisfx.com/
http://www.media100.com
http://www.optibase.com/
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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

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.

OBAS Optibase Ltd. (Nasdaq) acquired the MDEA shell

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.

MDEA was trading over $50.00 a share with the same o/s shares