Iveda Solutions(R) Welcomes Two Cloud Computing Experts to Advisory Board

MESA, ARIZ.--(Marketwired - Oct 15, 2013) -  Iveda Solutions® (OTCBB: IVDA), the pioneer in cloud video hosting technology, today announced the addition of two new members to its Advisory Board.

Dr. Joseph Lee is chief technology officer at 21Vianet, the largest carrier-neutral Internet data center services provider in China. 21Vianet provides hosting, managed network and cloud computing infrastructure services. The company operates in 42 cities throughout China, serving a diversified and loyal base of customers that span many industries, ranging from Internet companies to government entities and blue-chip enterprises to small- and mid-sized businesses. Before joining 21Vianet, Lee served as national technology officer for Microsoft China. Prior to that, Lee was managing director of Optoelectronics Research Lab Institute at the Hong Kong Applied Science and Technology Research Institute and vice president of manufacturing and engineering at New Focus, Inc. Over the course of his career, he has held numerous management positions at Lucent Technologies, AT&T, EXXON Research and Engineering Lab and Owens Corning Fiberglass Research Center. 

"Dr. Lee's innovative mindset and expansive experience should prove highly valuable to Iveda Solutions as we develop our technology roadmap," stated David Ly, chief executive officer of Iveda Solutions, Inc. "He will assess all aspects of our technology and guide its evolution to assure the utmost scalability and feasibility in current and future markets. Dr. Lee's leadership within the Cloud Computing industry will assist Iveda Solutions in the development and effective marketing of strategic, technically robust solutions designed for adoption by major 'cloud' providers with mass distribution capabilities. We are confident that his ability to build upon a technical vision and see it through to mass commercialization will prove invaluable to Iveda Solutions' success."

Lee completed his Ph.D. in Electrical Engineering at Iowa State University, his M.S. Degree in Electrical Engineering at State University of New York, and his B.S. Degree in Electrical Engineering at the National Chiao-tung University in Taiwan.

Dr. Eric Chen is the founder and chief executive officer of ProphetStor Data Services, Inc., a Hong Kong-based company that provides elastic business data service solutions, including user-friendly and cost-effective storage capabilities for Cloud Computing and Big Data. From 2000 to 2012, Chen was vice president and general manager of FalconStor Software, Inc., where he was responsible for operations, research and development, marketing and sales in the Asia Pacific Region. Prior to joining FalconStor, he was a technical staff member at IBM Networking Systems in Research Triangle Park, North Carolina. Chen received his Ph.D. and Master's Degree in Computer and Information Sciences from Ohio State University and his Bachelor's Degree in Electrical Engineering from National Taiwan University. He later became an Associate Professor at National Chung-Hsing University in Taiwan.

"Dr. Chen's expertise in Cloud Storage and Data Services Technology for large-scale cloud data management will provide our Company with valuable guidance and perspective as we build out our Sentir platform and storage infrastructure to support market scalability," noted Ly. "His company has also developed proprietary technology that Iveda Solutions can leverage in building its state-of-the-art storage solution for Cloud Video Hosting. Chen's recent experience in large-scale video surveillance projects in China will bolster our insights regarding best practices for 'big data' storage architecture."

Chen and Lee will join Robert Derks on the Iveda Solutions Advisory Board.

Derks is an early "seed" investor in Iveda Solutions. He is the founder and was the chief executive officer of Long Canyon Coal LLC, where he developed and executed a strategic plan for coal properties in Virginia and Kentucky based on a low-fixed-cost business model. Derks served as a member of the board of directors of WOW Energy Inc., which developed renewable energy and environmental projects with patented technology. In 2001, Derks joined Carmeuse North America, a major lime producer with over $500 million in annual revenue, as president and chief executive officer. He later served as president of its board of directors for several years. He currently serves on the board of directors of Chieftain Sand and Proppant. Derks graduated magna cum laude from Central Michigan University with a B.S. Degree in Marketing and Economics and received his Master's Degree in Business from Pepperdine University. 

The Iveda Solutions Advisory Board was established to bring together an international group of high-caliber professionals with diverse backgrounds and expertise involving video surveillance, cloud computing, the Internet and other technologies. The role of the Advisory Board is to provide expert and objective advice, market and competitive intelligence, and networking opportunities that can advance the Company's global growth strategy within the $40 billion security industry. 

About Iveda Solutions, Inc.
Iveda Solutions, Inc. (OTCBB: IVDA) is a premier cloud video hosting service provider, a technology innovator, and a provider of enterprise-class Video Surveillance as a Service ("VSaaS") solutions. The Company has received a SAFETY Act Designation from the Department of Homeland Security as a Qualified Anti-Terrorism Technology Provider.

The Company is headquartered in Mesa, Arizona and has a subsidiary in Taiwan (MEGAsys). Its common stock trades on the OTC Bulletin Board and OTCQB under the symbol "IVDA". For additional information call (800) 385-8616 or visit www.ivedasolutions.com.

This release includes forward-looking statements. Actual results may vary materially from those expected. Iveda Solutions' business is subject to significant risks and uncertainties described more thoroughly in the Company's SEC filings, including but not limited to its report on Form 10-K for the year ended December 31, 2012 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 consider such factors carefully. Iveda Solutions undertakes no obligation to revise these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.