SOURCE: Iveda Solutions

Iveda Solutions

December 14, 2010 10:30 ET

Iveda Solutions Looks to Expand Global Sales Team

MESA, AZ--(Marketwire - December 14, 2010) - Iveda Solutions (OTCBB: IVDA) announced today the expansion of its global sales team. 

The recent acquisition of a government agency customer in Mexico, the pending merger with MEGAsys, a Taiwan-based security technology company, and a flurry of international opportunities in the company's sales pipeline have compelled management to reassess its global strategies. 

The company is currently seeking to hire a Senior Vice President of Global Sales to support global expansion. The potential addition to the executive team will lead channel sales, business development, and build the company's direct sales team.

Iveda Solutions also announced its engagement with Martijn Kolenbrander, a security industry insider. Based in the Netherlands, Martijn will focus on sales and business development efforts, opening international markets for Iveda Solutions' video hosting through cloud computing.

"I have been in the forefront of IP Video Security and Surveillance Technology for many years and bringing video surveillance to the cloud is what made me decide to exclusively work with the company. While the security industry is just now talking about cloud computing, Iveda Solutions has been servicing video surveillance customers through cloud computing since 2005. To my knowledge, they are the only company that has a solid IP infrastructure and know-how to do this at an enterprise level," said Martijn.

Martijn brings a wealth of industry knowledge and expertise to Iveda Solutions. Prior to helping Iveda Solutions, he served as Vice President of Business Development for VITAMIND, a leading consumer-focused security video analytics company, where he successfully developed their global distribution channel. He also held the position of Director of Business Development at IQinVision for Europe, the Middle East, and Africa. IQinVision was first-to-market with megapixel camera technology and remains one of the market leaders.

"Martijn's vision, innovative thinking, and broad technical competency combined with his application knowledge and extensive customer relationships will be of great value for our business development efforts in the global marketplace," said David Ly, President and CEO of Iveda Solutions. 

The company also announced the promotion of Ray Palomaa, another industry veteran, as Vice President of Channel Sales. Ray joined the company in 2008 as Director of Sales. Ray and Martijn are no strangers to each other and, in fact, have worked on sales opportunities together at IQinVision. Ray was one of its founders and served as VP of Sales. In his new position, Ray will focus on developing the company's reseller distribution channel in the U.S. and abroad.

"Iveda Solutions is fortunate to have two seasoned senior sales executives on our team with many years of experience in the video surveillance industry. We are looking for a seasoned sales executive that will help build a sales powerhouse. With Martijn managing our global sales efforts and Ray managing our channel and strategic alliances, we need a strong leader to build our direct sales channel and provide overall strategic sales direction," says Ly. 

About Iveda Solutions

Iveda Solutions, a wholly owned subsidiary of Iveda Corp. (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 U.S. 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 Corporation's SEC filings, including but not limited to, its report on Form 10-K for the year ended December 31, 2009 and its subsequently filed quarterly reports on Form 10-Q. All forward-looking statements made herein are qualified by the foregoing 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.

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