Iveda Solutions Announces Bob Brilon as Company's New Chief Financial Officer

MESA, ARIZ.--(Marketwired - Nov 21, 2013) - Iveda Solutions® (OTCBB: IVDA), the pioneer in cloud video hosting technology, today announced that Bob Brilon will join the Company's management team as chief financial officer (CFO) and executive vice president (EVP) of business development. Brilon will also serve as the Company's treasurer.

Brilon is not new to Iveda Solutions. From December 2008 until August 2010, he served as the Company's part-time CFO, during which time he was instrumental in structuring the transaction that led to the acquisition of MEGAsys, the Company's subsidiary in Taiwan. Due to other commitments, Brilon left when the Company needed to hire a full time CFO. In May 2011, the Company was again in need of a CFO, and Brilon came back as a consultant until the Company hired a replacement.

"We are thrilled to have Bob back as a full-time member of our executive team," stated David Ly, president and CEO of Iveda Solutions, Inc. "His proven competencies involving corporate finance for public companies, mergers and acquisitions, strategic growth planning, interacting with domestic and foreign institutional investors, and capital transactions will be instrumental to our market expansion and the global distribution of our cloud video hosting platform and services." 

"Bob's experience in product and business development, strategic alliances, and supply chain vendor relationships is a bonus," added Ly. "He will officially join Iveda Solutions' management team on December 2, 2013."

Brilon currently serves as CFO and EVP of business development for Brain State Technologies, a leading system for Brainwave Optimization™. During his tenure at Brain State, he was successful in raising capital, while also providing leadership in financial operations, technology licensing programs and channel development. 

Brilon also served as the CEO and CFO for InPlay Technologies, formerly a Duraswitch patent holder and global licensor of magnetic switches, from 1998 to 2007. Other positions held include CFO at Gietz Master Builders, corporate controller at Rental Service Corp. and CFO and vice president of operations at DataHand Systems, Inc. Brilon was also CFO at Go-Video, manufacturer of the first dual-deck VCR. 

Prior to his career in the corporate world, Brilon obtained CPA certification and accumulated four years of audit and tax experience with such "Big Four" CPA firms as McGladrey & Pullen; Ernst & Young; and Deloitte & Touche.

Brilon graduated from the University of Iowa with a bachelor's degree in Business Administration.

"I am excited to join the management team of a company with such tremendous global opportunities," commented Brilon. "I am confident that my experience will help the Company achieve its strategic goals and enhance shareholder value through organic growth, partnerships, proper capitalization and market awareness."

Iveda Solutions is a registered trademark of Iveda Solutions, Inc. All other trademarks are property of their respective owners. 

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.