DGAP-Adhoc: Valor’s President and CEO, Ofer Shofman, Retires; Dan Hoz Appointed as Acting CEO

 | Source: EQS Group AG EQS Group AG 

Valor Computerized Systems Ltd. / Change of Personnel

21.05.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Valor’s President and CEO, Ofer Shofman, Retires;
Dan Hoz Appointed as Acting CEO

YAVNE, Israel – May 21, 2008 - Valor Computerized Systems Ltd. [Prime
Standard: VCR], a global provider of productivity improvement software
solutions for the printed circuit board industry, announced today that Ofer
Shofman, President and CEO of the company, is retiring from the company.
The company’s Board of Directors has appointed Dan Hoz as acting President
and CEO.

Mr. Shofman is one of the founders of Valor, and has been with the company
for more than 15 year, 6 of which as President and CEO. Prior to his
position as CEO Mr. Shofman managed the company’s R&D department, as well
as founded and managed the company’s subsidiaries in Asia and Japan.

'I had a long and exciting career at Valor.' said Mr. Shofman. 'I had the
privilege of watching the company grow, and I strongly believe that it has
a prosperous future ahead. I feel that now it’s time to refocus my energy
on my family and personal projects.'

The company’s Board of Directors has accepted Mr. Shofman’s decision to
retire and appointed Dan Hoz, Valor’s CFO, as acting President and CEO. Mr.
Hoz has been CFO of Valor for the past 5 year, after acting as CFO of
Frontline PCB Solutions, a jointly controlled operation between Valor and
Orbotech (Nasdaq:ORBK), for 4 years.

'We would like to thank Mr. Shofman for his contribution to the company and
wish him all the best in his future ventures,' said Mr. Kobi Rozengarten,
Chairman of the Board at Valor.

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Information and Explaination of the Issuer to this News:

About Valor

Valor is a global provider of productivity improvement software solutions
for the printed circuit board, or PCB, manufacturing supply chain. PCBs are
the principal electronic interconnect technology used in the vast majority
of electronic products sold today.  Valor’s solutions target three key
segments in the PCB manufacturing market: design of the physical layout of
the PCB, fabrication of the bare PCB, and assembly of PCB components. Valor
is listed on the Prime Standard of the Frankfurt Stock Exchange [WKN
928731]. More information about Valor can be found on www.valor.com.







Contact Information

Valor Corporate:

Alon Erlich, Valor Computerized Systems, Ltd.; IR@Valor.com; Tel:
+972-(0)8-943-2430
DGAP 21.05.2008 
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Language:     English
Issuer:       Valor Computerized Systems Ltd.
              4 Faran Street
              70600 Yavne
              Israel
Phone:        +972-(0)3 - 9432430
Fax:          +972-(0)3 - 9432429
E-mail:       IR@valor.com
Internet:     www.valor.com
ISIN:         IL0010845324
WKN:          928731
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Stuttgart, München, Düsseldorf
End of News                                     DGAP News-Service
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