Valor Energy Corp (fka VLEN)

[edfei2000]

As reported on Form 8K, filed on February 26, 2008, on January 20, 2008 the
Company signed a agreement to sell all rights, title and interest in the
TigeroLynk technology to Hollund Industrial Robotics Systems Inc, a privately
held Canadian company (HIRS). The agreement with HIRS includes the mechanical
arm assembly stored at the Company's participating manufacturing facility in
Kamloops British Columbia. Terms of the sale were finalized on February 20,
2008. Those terms include the Company being relinquished of all prior
commitments in royalties and stock made to Gary Ackles and the Company receiving
$314,000 from HIRS, comprised of a $64,000 in deposits already paid and 10 equal
payments of $25,000, commencing March 1, 2008 and finishing December 1, 2008.
Additionally, the terms of the sale Mr. Lonnie Hayward, a principal of HIRS, and
former Director of the Company, agreed to relinquish to the Company all common
and/or preferred stock held by him at the time of the transaction. In the event
of default on the payment terms all rights acquired by HIRS per the agreement
shall terminate at the discretion of the Company.