November 6, 2006

Valor’s Reports Revenues of $9.2 Million and Net Profits of $754 Thousand in the Third Quarter of 2006.

October 6, 2006

Preliminary Financial Results for Q3 2006

August 17, 2006

Valor Appoints New External Directors.

August 7, 2006

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

July 9, 2006

Extraordinary General Shareholders Meeting

May 15, 2006

Valor Computerized Systems Ltd. Announces Option Grant.

May 5, 2006

Valor Appoints New Directors.

May 5, 2006

Valor Shows Increased Profits in Q1 ’06 and Reaffirms its Annual Profit Forecast; Purchase of Danish TraceXpert Concluded Ahead of Time.

May 5, 2006

Valor Announces Purchase of Danish TraceXpert Operations.

March 16, 2006

Valor Announces Dividend Distribution

February 28, 2006

Major transaction by Valor shareholder; Large investment house buys 3.4 Million shares.

February 6, 2006

Valor Concludes 2005 with Record Revenues;
Positioned for Continued Growth with Increased Profitability During 2006.