BLUEPHOENIX SOLUTIONS (NASDAQ:BPHX) Announces Third Quarter Results on November 14th, 2005 and hosts a Conference Call 

HERZLIYA, Israel — (BUSINESS WIRE) — November 3rd, 2005 — BluePhoenix Solutions (NASDAQ: BPHX ) will report its Third Quarter results on Monday, November 14th, 2005 and host a conference call at 11:00 A.M. Eastern Standard Time.
BluePhoenix Solutions is a global provider of leading software products and tools for the modernization of existing legacy applications.

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

Monday, November 14th, 2005 at 11:00 A.M.(EST).

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: (800) 553-0318
Outside the US call: (1) (612) 332-0802

Callers should reference “BluePhoenix Solutions Third Quarter Results 2005” to the AT&T conference call operator.

An automated replay of the conference call will be available from November 14th 02:30 P.M. until November 16th at 11:59 P.M. (EST)
(Listen to the Recording)

To access the replay please call (USA) (800) 475-6701 (International) (1) (320) 365-3844 and enter BluePhoenix Solution’s access code of 802051.

About BluePhoenix Solutions
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, Transformation 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.
Contact: Iris Yahal +972-9-9526110

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