DGAP-Adhoc: Dan Hoz Appointed as Valor CEO; Plans to Further Company Growth and Generate Value for Shareholders

Valor Computerized Systems Ltd. / Miscellaneous

03.07.2008 

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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YAVNE, Israel – July 3, 2008 - Valor Computerized Systems Ltd. [Prime
Standard: VCR] announced today that Dan Hoz has been officially appointed
as President and CEO. Hoz, The Company’s CFO for the past 5 years, is
replacing former CEO Ofer Shofman who announced his retirement 6 weeks ago
after 15 years in the company, 6 of which as president and CEO.

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Information and Explaination of the Issuer to this News:

The main consideration guiding the company’s Board of Directors in
selection of Hoz was the desire to establish and accelerate the company’s
growth. Hoz was perceived as a natural candidate for the job, and the
company’s Board of Directors believes that he will be able to continue
leading Valor to further development.

'Valor presented impressive growth in its business activities over recent
years. We believe in Dan’s ability to continue leading the company’s
organic growth, and in parallel, make use of mergers and acquisitions as
leverage for establishing Valor’s position as a leading player in the
software market for the electronics manufacturing industry.' said Kobi
Rozengarten, Chairman of the Board at Valor.

Valor, a global provider of productivity improvement software solutions for
the printed circuit board industry, presented revenues of $10.7 Million in
the first quarter of 2008. In 2007 the company presented 14% growth in
revenues. The company presented in the first quarter of 2008 net profits of
$1.5 Million and operational profit of $1.1 Million.

'I thank the Board of directors for their confidence and I consider this
appointment to be an attractive challenge', said Hoz. 'We have assets of
tremendous potential – people with immeasurable amounts of knowledge and
professionalism, the most advanced technology, and a customer base that
includes the world’s largest electronics companies such as Nokia, Intel,
Panasonic, Toshiba and many more. All those, with the aid of our strong
management staff, will assist us in establishing a platform for growth and
for reinforcing the company’s business stratum.'

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 03.07.2008 
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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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