BluePhoenix Solutions Announces Fourth Quarter and Year End Results on February 12th, 2007 and Hosts a Conference Call

Febuary 5, 2007

HERZLIYA, Israel , February 5th  - BluePhoenix Solutions (NASDAQ: BPHX - News) will report its Fourth Quarter and Year End Results on February 12th , 2007 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 Fourth Quarter and Year End Results and will be available to answer questions.

The conference call will be held on:
Monday 12th, 2007 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: (866)-254-5942

Outside the US call: +1-(612)-332-1210

Callers should reference "Fourth Quarter and Year End Results on February 12th, 2007" to the AT&T conference call operator.

An automated replay of the conference call will be available from February 12th 2:00 P.M. until February 14th 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 862383

About BluePhoenix Solutions (www.bphx.com)
BluePhoenix Solutions leads the IT Modernization market by developing unique solutions that enable companies to automate the process of modernizing and upgrading their mainframe and distributed IT infrastructure, thus quickly and cost-effectively extending the ROI of their existing IT systems. The company's comprehensive suite of tools and services, (including technology for Understanding, Migration, Remediation and Redevelopment), reduces the cost of renovation and speeds up the renewal process. BluePhoenix has 12 offices throughout the world, including locations in the US, UK, Denmark, Germany, Italy, The Netherlands, Australia and Israel. The company's major shareholder is Formula Systems (NASDAQ: FORTY - News), an international Information Technology company principally engaged in providing software products, solutions, and services in various vertical markets.

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.

All names and trademarks are their owners’ property.

This press release is also available at www.bphx.com.

Company Contact:
Iris Yahal
+972-9-9526110