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BluePhoenix Solutions To Announce 2009 Fourth Quarter Financial Results On Tuesday, February 23, 2010

BluePhoenix Solutions (Nasdaq: BPHX), the leading provider of value-driven legacy IT modernization solutions, announced today that it will report its fourth quarter 2009 financial results on Tuesday, February 23, 2010. The company’s management team will host a conference call to discuss the results with the investment community at 08.30 a.m. ET.

The call can be accessed by dialing 877-941-4154 from within the United States, or via +1-480-629-9751 if calling internationally, approximately five minutes prior to its scheduled commencement. A replay will be available through February 25, 2010 and can be accessed by dialing 800-406-7325 (U.S.), +1-303-590-3030 (Int'l), pass code 4206460.

The call will be webcast live by AT&T Broadcasting and can be accessed through AT&T's website at ( http://www.att.com). Recordings of the call will be made available for download via the BluePhoenix website.

About BluePhoenix Solutions

BluePhoenix Solutions (NASDAQ: BPHX) is the leading provider of value-driven legacy IT modernization 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, 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, Capita Group, CareFirst, Citigroup, Danish Commerce and Companies Agency, Desjardins, Los Angeles County Employees Retirement Association, Rabobank, Rural Servicios Informaticos, SDC Udvikling, TEMENOS, Toyota, and Volvofinans. BluePhoenix has 14 offices in the USA, UK, Denmark, Germany, Italy, The Netherlands, Romania, Russia, Cyprus, South Korea, Australia, and Israel.

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