Iveda Solutions, Mexico-Based Pharmacy Retailer Declare Successful Pilot Project

MESA, AZ--(Marketwire - Mar 12, 2013) - Iveda Solutions, Inc. (OTCBB: IVDA), the pioneer in cloud-based video services, and Farmacias de Similares®, the retail pharmacy industry leader based in Mexico City, have completed their pilot project and today declared it an unqualified success. The project involved ten Farmacias Similares retail stores in Mexico. Each store was equipped with a PTZ (pan tilt zoom) camera hosted in the Iveda Solutions' cloud, and utilized IvedaXpress and IvedaPinpoint services.

Farmacias Similares owns and operates more than 4000 establishments and discount drugstore outlets offering generic drugs in Mexico, Guatemala, and Chile. Additionally, it offers doctor consultation and laboratory services.

Before rolling out IvedaXpress and IvedaPinpoint to their corporate and franchise stores, Farmacias Similares wanted to see fast provisioning, simple web-based interface, and true centralized management of all cameras. The pilot accomplished all these objectives and more.

"As we anticipated, Farmacias Similares has found IvedaXpress and IvedaPinpoint services valuable and cost effective, not just for basic security needs but for remotely assessing customer traffic patterns and other operational purposes -- without the expenditure of time and money involved in physically traveling to each store one at a time," declared David Ly, President and CEO of Iveda Solutions.

IvedaXpress is plug-and-play hosted video; each store can be equipped with surveillance cameras and access to video from Iveda Solutions' robust cloud infrastructure is quick -- no DVR necessary. The IvedaXpress online portal offers secure, remote access to live and recorded video to both management at individual stores and to corporate headquarters.

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

"With the pilot, we were able to experience all the benefits of cloud-based video solution versus the traditional DVR solution we had in the past," said Victor González Herrera, Commercial Strategies Director of Farmacias Similares.

Beyond security, Farmacias Similares discovered marketing and operational uses. "IvedaXpress allows us to gather information about our customers, their activity within our stores, and how our marketing efforts and services can be improved from store to store," added González Herrera.

"In the days ahead, we look forward to serving the needs of Farmacias Similares," Ly concluded.

IvedaXpress, in combination with IvedaPinpoint, is low cost, easy to deploy, and functional. 

About Iveda Solutions, Inc.

Iveda Solutions, Inc. (OTCBB: IVDA) is a premier online surveillance technology innovator and an enterprise-class cloud video hosting 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. 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.