Mesa, AZ (September 5, 2012) – Iveda Solutions, Inc. (OTCBB:IVDA) announced today the appointment of Brian Duling, the newest addition to the Company’s executive team, as Chief Financial Officer and Treasurer.
Duling is a senior financial executive with over 25 years of experience as a Chief Financial Officer (CFO) and also held other executive level positions for both private and public companies. Duling has worked in the wireless telephone, IT consulting, Internet services, GPS, and software development industries.
Duling will oversee the financial well-being of the company and all aspects of accounting and finance, administration, and human resources functions. He will develop and manage banking/vendor relationships to conserve working capital, financial reports, budgets, and internal control systems. Duling will also direct investor relations and capital strategies to support the company’s growth.
“Brian is a valuable addition to the team and joins Iveda Solutions at an opportune time as we continue to expand our products and services for global expansion. I feel that Brian shares our vision and will become a key player in helping us achieve it,” said David Ly, President and CEO of Iveda Solutions.
Most recently, Duling served as CFO and COO for PSS, Inc., a high tech firm specializing in professional service solutions for the contact center industry, and as CFO for Global Profit Technologies (GLPT:PK), a foreign exchange trading software firm. Brian was the VP-Finance and CFO for Cellular One, a wholly owned subsidiary of then-SBC Communications (NYSE: T). Duling held equity positions in two start-up software companies, where he led both organizations to rapid, profitable growth and successful acquisitions by publicly-held firms. Brian was also the CFO for Trimble Mobile Solutions, a wholly-owned subsidiary of Trimble Navigation (NASDAQ: TRMB).
“This is an exciting time to join a pioneering cloud-video surveillance company poised to take advantage of a market space with tremendous domestic and global growth opportunities. With Iveda Solutions’ major partnerships, recurring revenue model, combined with multiple revenue streams, the company is ideally positioned to build exceptional value for its stakeholders,” said Duling.
Duling has lead or assisted numerous firms in all areas of financial matters ranging from daily accounting activities, cash flow management, budgeting, financial planning and reporting, business plan development, as well as strategic planning, banking relations and successful fund raising with the venture capital community. Additionally, he has significant experience in internal IT and human resources management. Duling has played the lead role in numerous mergers and acquisitions, has sat on the advisory board of directors for numerous firms in a variety of industries including industrial computerized control systems, estate planning services, automated logistics/shipping, Internet services, workflow management Software as a Service, GPS telematics, and microchip manufacturing.
“These are exciting times in an extremely high-growth industry with video surveillance opportunities not only in security but also many other applications, and I am pleased to join the Iveda Solutions team in a financial leadership role to help ensure our financial success as we embark on this next phase of extraordinary growth,” said Duling.
Duling received his MBA degree at Keller Graduate School of Management in Champaign, Illinois, with an emphasis in Accounting. He earned his undergraduate Bachelor of Business Degree in Finance with a Minor in Accounting from Western Illinois University, in Macomb, Illinois, and is a member of the Institute of Internal Auditors.
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, with a subsidiary in Taiwan (MEGAsys), Iveda Solutions develops and markets enterprise-class cloud video 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 480-307-8700 or 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. 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.
Luz A. Berg
COO & CMO
Phone: 480 307-8700