(Dallas, TX. – October 25, 2011) StockGuru Shines its Spotlight on Iveda Solutions, Inc. (OTCBB: IVDA). Yesterday the Company announced the appointment of Richard (Dick) Gibson, the newest addition to the Company’s executive team, as Senior Vice President of Global Sales and Support. The Company closed on October 24, 2011, at $1.25, trading near the top of its fifty-two week range of $1.12 – 0.85.
Reporting to the Company’s President and CEO, Gibson will lead and manage the Company’s sales organization, including direct, resellers, and distribution channels. He will assist with strategic sales initiatives in the U.S. and overseas. Gibson will also work on establishing and enhancing new sales and customer service methodologies, systems, and organization.
“This is an exciting time for Dick to be joining Iveda Solutions with our strong lineup of upcoming releases of integrated video surveillance over super WiFi, for faster and easier city-wide deployments, including in-car video surveillance systems for centralized, real-time remote video access and redundancy,” said David Ly, President and CEO of Iveda Solutions.
“I decided to join Iveda Solutions because I believe that the Company is at the forefront of innovation in security. Having worked for almost 20 years in many aspects of the security industry with both government and commercial customers, I am confident that I will be an asset to the Company in its growth,” said Gibson.
Gibson comes to Iveda Solutions with 30 years’ experience in IT, networks, and security. He has held leadership positions in large companies such as IBM and Motorola, as well as in several smaller companies. His experience is primarily in sales management, but he has also held management positions in customer service, including call centers. He has built distribution channels from the ground up in both domestic and international marketplaces and has developed significant business and personal relationships around the world.
Most recently, Gibson was Senior Vice President of Sales and Service at SEER Technology, Inc., a developer of indoor positioning and tracking devices and chemical detection and identification devices for the public safety, military, and commercial security markets.
“Cloud-based video surveillance presents tremendous growth opportunities and Iveda Solutions is well positioned to secure significant market share. The Company offers me the opportunity to apply everything I have learned technically over the years from my experience in data centers, networks, and software applications as a service,” said Gibson.
“Iveda Solutions is transforming the cloud video surveillance buying experience by improving the articulation and demonstration of our service innovation, value proposition, and ease of use for consumers. Dick’s diverse background, coupled with his business development, distribution and support knowledge, will be an invaluable asset in our long-term plans. With Dick’s go-to-market experience, I look forward to his contributions to our growing team here at Iveda Solutions,” added Ly.
Gibson received his MBA degree at Thunderbird School of International Management in Glendale, Arizona, specializing in the Asia region. He earned his undergraduate Bachelor of International Relations degree from the University of Minnesota in Minneapolis, Minnesota, graduating summa cum laude.
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.
About Iveda Solutions
Iveda Solutions, Inc. (OTCBB: IVDA) is a premier online surveillance technology innovator and Managed Video Services provider. Based in Mesa, AZ, 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.
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