BluePhoenix Solutions Announces Third Quarter Results on November 7th , 2006 and Hosts a Conference Call

October 30, 2006

HERZLIYA, Israel, October 30th  -- BluePhoenix Solutions (NASDAQ: BPHX - News) will report its Third quarter results on Tuesday, November 7th, 2006 before the market opening and host a conference call at 10:00 A.M. Eastern Standard Time.
Conference Call Details:
Arik Kilman, Chief Executive Officer, and Iris Yahal, Chief Financial Officer will discuss the Third quarter results and will be available to answer questions.
The conference call will be held on:
Tuesday, November 7th, 2006 at 10:00 A.M.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 call: (877)-209-0397
Outside the US call: +1-(612)-332-0630
Callers should reference "BluePhoenix Solutions Third Quarter 2006" to the AT&T conference call operator.
An automated replay of the conference call will be available from November 7th  2:30 P.M. until November 9th at 11:59 P.M. (EST)
To access the replay please call (USA) (800)-475-6701 (International) +1-(320)-365-3844 and enter BluePhoenix Solution's access code of 847062

About BluePhoenix Solutions (www.bphx.com)
BluePhoenix (NASDAQ: BPHX) is a leading global provider of modernization solutions for legacy information systems. Its unique suite of automated tools and services helps customers grow revenue, reduce costs, shorten time to market, and extend the ROI of their existing legacy systems. BluePhoenix is unique in addressing the full range of IT modernization through automated migration solutions that mitigate risk, minimize IT downtime, and preserve application business logic. BluePhoenix offerings help firms effectively plan and carry out strategic projects such as database, application, and platform migrations; SOA enablement: field transformations; system standardizations; application development and redevelopment; and application outsourcing.

Its solutions serve companies from numerous, diverse industries, such as automotive, banking and financial services, insurance, manufacturing, and retail. Among its prestigious customers are: Aflac, DaimlerChrysler, Lawson Products, Los Angeles County Employees Retirement Association, Merrill Lynch, RSI, SDC Udvikling, and TEMENOS. BluePhoenix has 10 offices in the USA, UK, Denmark, Germany, Italy and Israel.

For more information, please visit our Web site at www.bphx.com

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 www.bphx.com. All names and trademarks are their owners' property.

Company Contact:
Iris Yahal
+972-9-9526110