SOURCE: Iveda Solutions

Iveda Solutions

May 11, 2011 09:30 ET

Alex Kuo Joins Iveda Solutions as SVP of Global Alliances & GM Asia

MESA, AZ--(Marketwire - May 11, 2011) - Iveda Solutions (OTCBB: IVDA) announced today the hiring of Alex Kuo as senior vice president of global alliances and general manager Asia, reporting to the president and CEO.

Iveda Solutions is the pioneer in cloud-based video hosting and real-time remote surveillance services. The Company has a SAFETY Act Designation by the Department of Homeland Security as a Qualified Anti-Terrorism Technology.

The Company recently announced the completion of its acquisition of MEGAsys Taiwan, in which Alex played a major role as a liaison between the two companies. Alex brought the two companies together in late 2009 and has been working for the Company as a consultant.

"We are fortunate to have Alex as an addition to our executive team. His many years of experience in security technology and international business are invaluable to Iveda Solutions' entry into the global marketplace," said David Ly, president and CEO of Iveda Solutions.

Alex will develop and manage new alliances with companies that will advance Iveda Solutions' global play both on the sales and supplier side. As general manager of Asia, Alex will work with the MEGAsys management team to ensure that the new subsidiary is integrated with Iveda Solutions' goals and strategies.

"I decided to join Iveda Solutions because I believe that the Company is at the forefront of new innovation in security. Cloud-based video surveillance is the latest advance in security and Iveda Solutions is leading the way," said Alex Kuo.

Alex comes to Iveda Solutions with 20 years experience in the Acer group as sales manager of Africa, regional marketing director of peripheral products, and director of key component management. Prior to Acer, he was general manger of Servex/Anextek. He also held vice president and senior vice president positions at China Security & Surveillance Technology, Inc., FalconStor Software, and Global Data Solution Co., Ltd. He remained a consultant to CSST and FalconStor after his stint as an employee. Alex also serves as an instructor at the Cloud Computing Industry Association of Taiwan.

Alex is currently based in China and will be relocating to Canada in a few months.

Alex received his Master of Science and Technology Innovation Management degree at George Washington University and his undergraduate degree at National Taiwan University.

About Iveda Solutions
Iveda Solutions, Inc. (OTCBB: IVDA), is the premier online surveillance technology innovator and managed video services provider. Based in Mesa, AZ and incorporated in 2005, the company develops and markets enterprise class video hosting and real-time remote surveillance services. Iveda Solutions has a SAFETY Act Designation by the Department of Homeland Security as a Qualified Anti-Terrorism Technology provider. For more information call 800-385-8618 or visit www.ivedasolutions.com.

This news release contains forward-looking statements. Actual results could vary materially from those expected due to a variety of risk factors. The Company's business is subject to significant risks and uncertainties discussed more thoroughly in Iveda Solutions' SEC filings, including but not limited to, its report on Form 10-K for the year ended December 31, 2010 and its subsequently filed quarterly reports on Form 10-Q. All forward-looking statements made herein are qualified by such risk factors and readers are advised to read such factors carefully. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact Information