Valor Computerized Systems Ltd. announced 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.

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 Valor Chairman of the Board Kobi Rozengarten.

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

More information about Valor can be found on http://www.valor.com/.