DGAP-Adhoc: Valor Files Registration Statement with the SEC

Valor Computerized Systems Ltd. / IPO/Offer

13.01.2008

Release of an Ad hoc announcement according to § 15 WpHG, 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 January 13, 2008 - Valor Computerized Systems Ltd.
announced today that it has filed a registration statement with the United
States Securities and Exchange Commission related to a proposed public
offering of its ordinary shares in the United States. Valor expects to
offer $50 million of its ordinary shares and selling shareholders will be
offered the opportunity to include up to an additional $20 million of their
ordinary shares in the offering. Valor and/or the selling shareholders
will also grant the underwriters an option to acquire an additional $10.5
million of shares to cover over-allotments, if any. The exact number of
shares to be offered and the price range for the offering have not yet been
determined. The offering is expected to close during March 2008; however,
the timing and terms of the offering are dependent on market conditions,
the submission of regulatory filings and approval of Valors shareholders.
Valors ordinary shares are currently traded on the Prime Standard Segment
of the Frankfurt Stock Exchange under the symbol 'VCR.'

Thomas Weisel Partners LLC will act as sole book-running manager,
Oppenheimer & Co. Inc. will act as co-lead manager, and William Blair &
Company, L.L.C. and Collins Stewart LLC will act as co-managers of the
offering. The offering will only be made by means of a prospectus. When
available, copies of the preliminary prospectus related to the offering may
be obtained from Thomas Weisel Partners LLC, Attn: Prospectus Department,
One Montgomery Street, Suite 3700, San Francisco, CA 94104, telephone (415)
364-2720.

A registration statement relating to these securities has been filed with
the United States Securities and Exchange Commission but has not yet become
effective. These securities may not be sold nor may offers to buy be
accepted prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or a solicitation
of an offer to buy ordinary shares of Valor, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.

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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. Valors 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.

For further information, please contact:
Valor Corporate
Alon Erlich
alon.erlich@valor.com
Tel: +972-(0)8-943-2430

Certain statements included herein are forward-looking in nature and,
accordingly, are subject to risks and uncertainties. Such forward-looking
statements include statements regarding the size and timing of the proposed
offering. These forward-looking statements are only predictions based on
our current expectations and projections about future events. Many
factors, including those indicated in the press release, as well as general
market conditions, could impact the realization of these forward-looking
statements. Valor wishes to caution prospective investors not to rely on
any such forward-looking statements as predictions of future events. Valor
does not undertake, and specifically disclaims any obligation, to update
any forward-looking statements, which speak only as of the date made.

DGAP 13.01.2008
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Language: English
Issuer: Valor Computerized Systems Ltd.
4 Faran Street
70600 Yavne
Israel
Phone: -8898
Fax: -8897
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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DGAP-Adhoc: Valor Files Registration Statement with the SEC for Proposed Public Offering of its Ordinary Shares in the United States