For Immediate Release
November 20, 2012
Iveda Solutions, Inc. Secures DTC Eligibility Status
Mesa, AZ (November 20, 2012) – Iveda Solutions (OTCBB:IVDA) announced today that it has secured Depository Trust Company (DTC) eligibility, for the Company’s shares trading on Over the Counter Bulletin Board.
“Our shares can now be traded and settled electronically, providing our shareholders greater liquidity and an expansion of the types of investors who can now consider our shares for investment,” said Brian Duling, Chief Financial Officer of Iveda Solutions.
The DTC is a subsidiary of the Depository Trust & Clearing Corporation (DTCC), and manages the electronic clearing and settlement of publicly-traded company stocks and other securities. DTC provides for the centralized custody of securities so that they exist only as electronic files rather than as physical certificates. This process provides banks, brokerage firms, and other institutions with an efficient means of moving securities and settling trades electronically.
“This eligibility will allow our OTCBB listing to more effectively pursue increased exposure of the company to the investment community. We continue to make positive steps to grow the Company and this is one more step in that continuum. We will continue to update our shareholders on our progress,” said Duling.
About Iveda Solutions
Iveda Solutions, Inc. (OTCBB:IVDA) is a premier online surveillance technology innovator and an enterprise-class Video Surveillance as a Service (VSaaS) 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 480-307-8700 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. All forward-looking statements made herein are qualified by such risk factors and readers are advised to read such factors carefully. 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.
Chief Financial Officer