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BluePhoenix Solutions to Announce Fourth Quarter and Year End Results on January 31, 2008; Conference Call to Follow Release
Jan 15, 2008 (08:01 AM EST)


HERZLIYA, Israel, January 15 /PRNewswire-FirstCall/ -- BluePhoenix Solutions , the leader in value-driven legacy modernization, today announced that it will report its fourth quarter and year end results on January 31st, 2008 before the market open. The Company will host a conference call at 10am EST on the same day.

Conference Call Details:

Arik Kilman, Chief Executive Officer, Varda Sagiv, Chief Financial Officer and David Leichner, Chief Marketing Officer will discuss the fourth quarter and year end results and will be available to answer questions. The conference call will be held on Thursday January 31st, 2008 at 10am EST (17:00 Israel Time).

Interested parties are welcome to call the telephone numbers listed below, five to ten minutes prior to the start of the conference call.

In the US: (800)230-1096 and outside the US: (612)332-0720.

Callers should reference "BluePhoenix Fourth Quarter and Year End Results" to the AT&T conference call operator.

An automated replay of the conference call will be available from January 31 at 2:00 pm until February 6th at 11:59 pm (EST). To access the replay please call US: (800)475-6701 outside the US: (320)365-3844 and enter BluePhoenix Solution's access code of 907467.

The replay will be available from February 7th onward at http://www.bphx.com .

About BluePhoenix Solutions

BluePhoenix Solutions is a leading provider of value-driven modernization solutions for legacy information systems. BluePhoenix offerings include a comprehensive suite of tools and services from global IT asset assessment and impact analysis to automated database and application migration, rehosting, and renewal. Leveraging over 20 years of best-practice domain expertise, BluePhoenix works closely with its customers to ascertain which assets should be migrated, redeveloped, or wrapped for reuse as services or business processes, to protect and increase the value of their business applications and legacy systems with minimized risk and downtime.

BluePhoenix provides modernization solutions to companies from diverse industries and vertical markets such as automotive, banking and financial services, insurance, manufacturing, and retail. Among its prestigious customers are: Aflac, Citigroup, DaimlerChrysler, Danish Commerce and Companies Agency, Lawson Products, Los Angeles County Employees Retirement Association, Merrill Lynch, Rabobank, Rural Servicios Informaticos, SDC Udvikling, and TEMENOS. BluePhoenix has 15 offices in the USA, UK, Denmark, Germany, Italy, France, The Netherlands, Romania, Russia, Cyprus, South Korea, Australia, and Israel.

SAFE HARBOR: Certain statements contained in this release may be deemed forward-looking statements, with respect to plans, projections, or future performance of the Company, the occurrence of which involves certain risks and uncertainties that could cause actual plans to differ materially from these statements. These risks and uncertainties include but are not limited to: market demand for the Company's tools, successful implementation of the Company's tools, competitive factors, the ability to manage the Company's growth, the ability to recruit and retrain additional software personnel, and the ability to develop new business lines. This press release is also available at http://www.bphx.com . All names and trademarks are their owners' property.

Company Contact Varda Sagiv BluePhoenix Solutions +972-9952-6110 vsagiv@bphx.com Investor Contact Paul Holm H.L. Lanzet +1-212-888-4570

CONTACT: Company Contact: Varda Sagiv, BluePhoenix Solutions, vsagiv@bphx.com+972-9952-6110, ; Investor Contact, Paul Holm, H.L. Lanzet,+1-212-888-4570,