Corporate News, Press Release

HELIX Partners with Iveda Solutions to Enhance Tenant Security

For Immediate Release

Mesa, AZ (June 8, 2010) – HELIX Asset Management and Iveda Solutions (OTCBB:IVDA) announced today a strategic alliance to enhance the safety and security of business tenants in properties managed by HELIX. Iveda Solutions began the installation of security cameras a few weeks ago at two HELIX properties. Using these cameras, hosted by Iveda Solutions, tenants are able to remotely monitor their stores 24/7, while HELIX is able to centrally manage and access all their properties in multiple locations under one login, from anywhere they have access to a web browser. 

“This kind of business partnership and cooperation is good for the community in general. Improving safety and security requires a united effort and I’m very excited to see our technology and services being leveraged in this way,” says David Ly, President and CEO of Iveda Solutions.

When businesses close for the day, Iveda Solutions takes over the cameras. The company’s intervention specialists watch the properties in real-time. Any suspicious activities are reported to the police as events unfold for immediate response. The next day, HELIX and the tenants get a daily surveillance report (DSR), consisting of time-stamped screen captures of what transpired the previous night. If they want to review certain footage, they simply go online to do so.

“This is by far the best security system I’ve used for both of my stores; not only does it provide security, it also allows me to supervise my employees remotely,“says Luis Brito, owner of Mundo Cellular, a store at one of the properties managed by HELIX.   

Poor economic times are shrinking budgets in cities across America. Unfortunately, crime also spikes during downturns and cutting security can only aggravate losses. Crimes of opportunity have a higher chance of occurring when physical security presence is low or non-existent.

“Partnering with Iveda Solutions to create a safer and more secure environment for our tenants makes sense because they assist property management companies like ours in deploying effective security while containing cost,” says Pamela Johns, Director of Asset Management for HELIX Asset Management.

The idea is to increase security without adding costly security guards or security technologies that are less effective. One way to solve this ‘catch 22’ problem is to employ technology with human analytics as provided by Iveda Solutions. Iveda Solutions employs a low capital expenditure security solution. No need to buy servers, recording devices, and software. Video footage is securely hosted and stored at a data center, accessible 24/7 anywhere, anytime, using a web browser.

“Our goal is to eliminate crimes being committed at our properties and to give our tenants peace of mind. With enhanced security, we anticipate attracting more tenants,” adds Johns.

Iveda Solutions is the premier online provider of centralized video hosting and surveillance technology. Their unique approach to providing online security surveillance services and human analytics through “cloud computing” has awarded Iveda Solutions the SAFETY Act Designation which provides their customers liability protection from malicious or criminal acts against their property or personnel – as a result of failure of their products or services that were installed with the intent to prevent such an occurrence.

“I look forward to this partnership being a successful model to help others achieve and accomplish what Helix and Iveda Solutions are doing within the community,” adds 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 Department of Homeland Security as a Qualified Anti-Terrorism Technology provider. For more information call 800-385-8618 or visit www.ivedasolutions.com.

About HELIX Asset Management

HELIX Asset Management is the Southwest’s premier real estate manager. The firm’s key team members are responsible for developing and implementing the strategic business plan for each property and management contract. They focus on the structure of leases, tenant relations and retention, as well as a judicious use of capital improvements to achieve long term value maximization. For more information, visit www.helixaz.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 10-Q for the quarter ended March 31, 2010. 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.

Contact:

Luz A. Berg
Iveda Solutions
Chief Operating Officer & CMO
lberg@ivedasolutions.com
Phone: 480 307-8700
Fax: 480 962-1251