SOURCE: Iveda Solutions, Inc.

Iveda Solutions, Inc.

October 30, 2012 10:00 ET

Farmacias de Similares Utilizes Iveda Solutions' Cloud Video Hosting

MESA, AZ--(Marketwire - Oct 30, 2012) - Iveda Solutions (OTCBB: IVDA) announced today that Farmacias de Similares will utilize the Company's cloud video hosting services for security, operational, and sales purposes at Similares' retail pharmacies in Mexico. 

Similares, headquartered in Mexico City, owns and operates pharmacies and discount drugstore chains offering generic drugs in Mexico, Guatemala, and Chile. Additionally, it offers doctor consultation and laboratory services.

The initial deployment involves ten out of more than four thousand Similares retail stores in Mexico. Each store will have one stationary and one PTZ (pan tilt zoom) camera which will be hosted in the cloud, utilizing IvedaXpress service. The initial deployment process is underway with plans to deploy to other stores throughout the country.

Each individual Similares store owner will have secure, remote access to live and recorded video through the IvedaXpress online portal. At the same time, corporate will have access to the cameras from all retail stores through Pinpoint service.

Pinpoint is Iveda Solutions' online mapping service that shows location of surveillance video cameras on Google Maps™ or other third party mapping platforms. Pinpoint is a video management system consolidation service, allowing live video access to all camera assets, with a single username and password.

Similares chose IvedaXpress in combination with Pinpoint for ease of deployment, functionality, and low cost. IvedaXpress is plug-and-play; each store can be equipped with surveillance cameras and access video from the 'cloud' within hours, as long as an Internet connection is available. 

Typical camera placements will be around the cash register and storage room in the back area of each store. Similares plans to use the hosted cameras, not only for the security of its employees and property, but to assess store traffic and remotely conduct certain operational functions without having to drive to the stores. 

"More and more, our customers find that our cloud-video hosting services can be used for many applications other than security. We are able to deliver this type of enterprise-wide solution to our customers because of our robust, cloud infrastructure," said David Ly, President and CEO of Iveda Solutions. 

Similares is Iveda Solutions' latest significant customer win in Mexico. The Company has been providing IvedaOnboard, its cloud-hosted, in-vehicle streaming video service, to an undisclosed government agency since 2010.

About Iveda Solutions

Iveda Solutions, Inc. (OTCBB: IVDA) is a premier online surveillance technology innovator and an enterprise-class Video Surveillance as a Service (VSaaS) provider. Based in Mesa, AZ, with a subsidiary in Taiwan (MEGAsys), 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. Iveda Solutions' 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, 2011 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. Iveda Solutions 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.

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