BluePhoenix Solutions to Announce 2012 Third Quarter Financial Results on Wednesday, November 7th, 2012

  BluePhoenix Solutions to Announce 2012 Third Quarter Financial Results on
  Wednesday, November 7th, 2012

Business Wire

HERZLIYA, Israel -- October 16, 2012

BluePhoenix Solutions (NASDAQ:BPHX), the leading provider of value driven
legacy IT modernization solutions, announced today that it will report its
third quarter 2012 financial results on Wednesday, November 7th, 2012. The
company’s management team will host a conference call to discuss the results
with the investment community at 04:30 PM ET. The call can be accessed by
dialing 1-888-668-9141 within the United States, or via +972-3-9180610 if
calling internationally, approximately five minutes prior to its scheduled
commencement. A live Veidan Broadcasting and a replay can be accessed through
a link that will be available via the BluePhoenix website.

About BluePhoenix Solutions

BluePhoenix Solutions Ltd. (NASDAQ:BPHX) is the leading provider of legacy IT
modernization conversion solutions. The BluePhoenix portfolio includes a
comprehensive suite of tools and services from global IT asset assessment and
impact analysis to automated database and application migration. 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. BluePhoenix has 9 offices in
the USA, UK, Italy, Romania, Russia, and Israel.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements contained in this release may be deemed forward-looking
statements within the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995 and other Federal Securities laws.
You can identify these and other forward-looking statements by the use of
words such as “may,” “will,” “plans,” “believes,” “estimates,” “expects,"
“predicts”, “intends,” the negative of such terms, or other comparable
terminology. Because such statements deal with future events, plans,
projections, or future performance of the Company, they are subject to various
risks and uncertainties that could cause actual results to differ materially
from the Company’s current expectations. These risks and uncertainties include
but are not limited to: the effects of the global economic and financial
trends; market demand for the Company’s products; successful implementation of
the Company’s products; changes in the competitive landscape, including new
competitors or the impact of competitive pricing and products; and such other
risks and uncertainties as identified in BluePhoenix’s most recent Annual
Report on Form 20-F and other reports filed by it with the SEC. Except as
otherwise required by law, BluePhoenix undertakes no obligation to publicly
release any revisions to these forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.

This press release is also available at www.bphx.com. All names and trademarks
are their owners’ property.

Contact:

BluePhoenix Solutions
Matt Bell, +972-9-9526110
www.bphx.com
GMarkowitz@bphx.com