BluePhoenix Solutions USA, Inc., a wholly owned subsidiary of BluePhoenix Solutions LTD (NASDAQ: MDSY), the leading provider of value driven legacy IT modernization solutions, announced today that in October 2013, it entered into a loan agreement for funding up to the amount of $1,000,000 with Comerica Bank.
The company will also report its 2013 third quarter financial results on Thursday, November 21, 2013. The company’s management team will host a conference call to discuss the results with the investment community at 4:30 p.m. ET/1:30 p.m. PT. The call can be accessed by dialing 1- 877-941-6009 within the United States, or via local US number 1- 480-629-9818 if calling internationally, approximately five minutes prior to its scheduled commencement.
A replay can be accessed through a link on the Modern Systems website.