MODSYS INTERNATIONAL LTD. (NASDAQ:MDSY) Files An 8-K Results of Operations and Financial Condition

MODSYS INTERNATIONAL LTD. (NASDAQ:MDSY) Files An 8-K Results of Operations and Financial Condition

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Item2.02Results of Operations and Financial

On March 10, 2017, ModSys International Ltd. Modern Systems (the
Registrant) posted an earnings release to the investor relations
page of its website ( announcing its
results of operations for its fiscal year ended December 31,
2016.A copy of the earnings release concerning the foregoing
results is furnished herewith as Exhibit 99.1 and is incorporated
herein by reference.

The Registrant is furnishing the information contained in this
Report, including Exhibit 99.1, to Item 2.02 of Form 8-K
promulgated by the Securities and Exchange Commission (the SEC).
This information shall not be deemed to be filed with the SEC or
incorporated by reference into any other filing with the SEC
unless otherwise expressly stated in such filing. In addition,
this Report and the press release contain statements intended as
forward-looking statements that are subject to the cautionary
statements about forward-looking statements set forth in the
press release.

Section9 – Financial Statements and Exhibits

Item 9.01. FinancialStatements and Exhibits.

(d) Exhibits.

99.1 Press Release, dated March 10, 2017, entitled ModSys
International Ltd. Modern Systems Announces 2016 Annual


ModSys International Ltd., formerly BluePhoenix Solutions Ltd., develops and markets enterprise legacy migration solutions, and provides tools and professional services to international markets. The Company operates through information technology (IT) modernization solutions segment. The Company’s technologies and services allow businesses to migrate from their legacy mainframe and distributed IT infrastructures to modern environments and programming languages. In addition to the technology tools, the Company provides professional services for project management of migrations, understanding and mapping of the applications, testing, remediation, and ongoing monitoring and management of the environments. The Company performs conversions of legacy databases, such as Integrated Database Management System (IDMS), Adaptable Data Base System (ADABAS), Virtual Storage Access Method (VSAM), Oracle and database 2 (DB2) environments.


MODSYS INTERNATIONAL LTD. (NASDAQ:MDSY) closed its last trading session down -0.030 at 0.750 with 13,422 shares trading hands.

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