Bluephoenix Solutions Ltd News

BluePhoenix Solutions to Report 2008 Second Quarter Financial Results on August 4, 2008

HERZLIYA, Israel, July 24 PRNewswire-FirstCall — BluePhoenix Solutions (Nasdaq: BPHX), the leader in value-driven legacy modernization, today announced that management will hold a conference call to discuss its 2008 second quarter financial results at 4:45 p.m. ET on Monday, August 4, 2008. Financial results will be released that day.

Interested parties may access the call by calling 800-762-8973 from within the United States, or 480-248-5085 if calling internationally, approximately five minutes prior to the start of the call. A replay will be available through August 11, 2008 and can be accessed by dialing 800-406-7325 (U.S.), 303-590-3030 (Int'l), passcode 3901944.

This call is being web cast by ViaVid Broadcasting and can be accessed at BluePhoenix's website at http://www.bluephoenixsolutions.com. The web cast may also be accessed at ViaVid's website at http://www.viavid.net. The web cast can be accessed until September 5, 2008 on either site. To access the web cast, you will need to have the Windows Media Player on your desktop. For the free download of the Media Player please visit: http://www.microsoft.com/windows/windowsmedia/en/download/default.asp.

About BluePhoenix Solutions

BluePhoenix Solutions (Nasdaq: BPHX) 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, re-hosting, 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, CareFirst, Citigroup, Danish Commerce and Companies Agency, Desjardins, Los Angeles County Employees Retirement Association, Merrill Lynch, Rabobank, Rural Servicios Informaticos, SDC Udvikling, TEMENOS, Toyota and Volvofinans. 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: the ability to reach a definitive agreement with respect to the sale of our interest in Mainsoft, the ability to complete the sale of our interest in Mainsoft if a definitive agreement is reached (including obtaining the approval of the requisite vote of Mainsoft's other shareholders, 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 Investor Contact Varda Sagiv Peter Seltzberg BluePhoenix Solutions Hayden Communications +972-9952-6100 +1-646-415-8972 vsagiv@bphx.com peter@haydenir.com Financial Media Contact Jeffrey Stanlis Hayden Communications +1-602-476-1821 jeff@haydenir.com

SOURCE BluePhoenix Solutions Ltd

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