DGAP-Adhoc: Valor's Q2 Results Show Revenue Growth and Highest Profits since the Year 2000; Annual Profit Forecast Revised Upwards to $3.75 Million.

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Valor Computerized Systems Ltd. / Quarter Results 07.08.2006 Ad hoc announcement according to Â§ 15 WpHG transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Valor's Q2 Results Show Revenue Growth and Highest Profits since the Year 2000; Annual Profit Forecast Revised Upwards to $3.75 Million. YAVNE, Israel - August 7th, 2006 - Valor Computerized Systems [Prime Standard: VCR], the leader in productivity-enhancing solutions for the Electronics Industry, announces today its financial results for the six-month period ending June 30, 2006. The net profit in the second quarter of 2006 was $1 Million - a growth of nearly 150% over the parallel quarter of the previous year. The net profit in the first six months of 2006 was $1.75 Million, an increase of 68% percent as compared to $1 Million in the first six months of 2005. The company's cash flow from operating activities in Q2-06 was $1.7 Million, nearly 7 times more compared to $241 thousand in Q2-05. Revenues in the second quarter of 2006 accumulated to $9.2 Million, an increase of 10% compared to $8.4 Million in the first quarter of 2006, and an increase of 2% compared to $9 Million in the second quarter of 2005. EBIT in Q2-06 was $856 thousand - an increase of 157% compared to $333 thousand in Q2-05. In the first half of 2006, EBIT was $1.4 Million - 68% more than in the parallel period of 2005. Earnings per Share (diluted) in the first half of 2006 were $0.08, as compared to $0.05 in the first half of 2005. Summary of Financial Data:


                   Q2 /     Q2 /     %        H1 /     H1 /     %
                   2006     2005     Change   2006     2005     Change
Product Sales      5,745    5,893    (2.5)%   10,897   11,733   (7.1)%
Maintenance        3,443    3,110    10.7%    6,673    5,975    11.7%
Total Revenues     9,188    9,003    2.1%     17,570   17,708   (0.8)%
Gross Profit       8,317    7,670    8.4%     15,583   15,227   2.3%
EBITDA             1,165    496      134.7%   1,890    1,166    62.0%
EBIT               856      333      156.8%   1,427    851      67.6%
Net Profit         1,002    408      145.6%   1,749    1,039    68.3%
(Loss)
EPS in US$         0.05     0.02     150.0%   0.08     0.05     60.0%
(diluted)
Shareholder's      37,244   34,595   7.7%     37,244   34,595   7.7%
Equity
Total Assets       50,457   43,883   15.0%    50,457   43,883   15.0%
Research &         3,069    2,825    8.6%     5,372    5,635    (4.6)%
Development
Employees (Period  236      220      7.5%     236      220      7.5%
End)

(all figures are in US$ 1000, unless otherwise noted) --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Some of the following statements are forward-looking in nature, and actual results may differ materially. "I'm very pleased with the results", said Ofer Shofman, Valor's President and CEO. "As previously predicted, the successful implementation of a restructuring process enabled us to show an increase in revenues in Q2 as well as significant increase in net profits". "We have been able to penetrate several of the world's largest electronics companies with our TraceXpert solution this quarter. We expect these deals to deliver significant business in the upcoming years and to open the doors for us into new markets", he added. "By the end of the year we are planning to launch a number of new products", Shofman revealed. "The first one, to be launched within a few months, will provide a web-based collaboration platform between our customers and their clients. It will increase the overall value of our solution, thus making it more attractive and allowing us to extend our opportunities and increase our sales", he explained. "Overall, we expect to see continued growth in the next quarter - both in revenues and net profits", said Shofman. "We expect this trend to continue in the upcoming quarters as well, and as a result, we are revising our annual net profit forecast upwards, from $3 Million to $3.75 Million", he announced. The complete quarterly report can be downloaded from the Investor Relations Section on the Valor corporate website: www.valor.com About Valor Valor Computerized Systems develops compelling technologies for simulating and optimizing the manufacture of printed circuit boards. Valor"s breakthrough technologies for product design analysis, simulation and optimization of PCB assembly, and Manufacturing Operations Management increase productivity, yield and quality, and help streamline and accelerate product innovation in a fast-paced global market. Valor is listed on the Prime Standard of the Frankfurt Stock Exchange [WKN 928731, ISIN IL0010845324]. Its customer base includes the majority of Tier I and Tier II companies in the electronics industry, most of which are fortune 500 companies. More information on 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 IR Contact Germany: SÃ¶nke Knop and Axel MÃ¼hlhaus, edicto GmbH;sknop@edicto.de; Tel: +49-(0)-6084-94859-1 Editor Contact: Cathryn Hage, Anderson Burnbreck PR; cathryn-h@andburn.co.uk; Tel: +44-1242-518399 Risks Regarding Forward Looking Statements Certain statements included herein, containing forward looking terminology or the negative thereof or other variations thereof or comparable terminology, constitute ``forward-looking statements"". In addition, all information included herein with respect to projected or future results of operations, financial condition, financial performance or other financial or statistical matters constitute such forward-looking statements. The Company wishes to caution prospective investors not to rely on any such forward-looking statements as predictions of future events. The Company does not undertake, and specifically disclaims any obligation, to update any forward-looking statements, which speak only as of the date made. For additional information, see our website at: www.valor.com/Forward_Looking_Statements.jsp DGAP 07.08.2006 --------------------------------------------------------------------------- Language: English Issuer: Valor Computerized Systems Ltd. 4 Faran Street 70600 Yavne Israel Phone: -8898 Fax: -8897 E-mail: IR@valor.com WWW: www.valor.com ISIN: IL0010845324 WKN: 928731 Indices: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Stuttgart, MÃ¼nchen, DÃ¼sseldorf End of News DGAP News-Service ---------------------------------------------------------------------------

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