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Iveda Solutions (IVDA) Video Surveillance through Cloud Computing

Nov 03 2010

Iveda Solutions (IVDA) Video Surveillance through Cloud Computing

Iveda Solutions (IVDA.OB) is a technology company providing Video Surveillance through Cloud Computing. Based out of Mesa Arizona, they are the first to market in this exciting space and positioned for growth. They provide real-time remote video surveillance along with video hosting and archiving services. A little bit of a speculative play, the stock currently trades at a $1.00 a share and does not provide a dividend.

The company recently began the process of acquiring a Taiwan based designer and manufacturer of electronic security and surveillance products, MEGAsys. Iveda feels the combined company will have advantages because of the manufacturing and software expertise that MEGAsys offers. The acquisition also opens the Asian market to the North American company.

According to Yahoo! Finance, Iveda has revenue of roughly $633 thousand growing  at 78.5%. Gross Profit of $154 thousand and total cash of $182 thousand. The stock of Iveda trades with a market cap of $12.88 million.

The company is also working with Digital Ally to fulfill a government order in Mexico for 64 surveillance automobiles. Prior to the end of 2010 the contract with a non-disclosed Mexican government agency will be shipped. The cars will feature video surveillance equipment from Digital Ally and a streaming video converter from Iveda.

The chart of the company shows low volume with some improvement in volume over the last month. The stock has traded down over the past year from $1.50 a share to $1.00 a share most recently. If you are looking for a speculative over the counter stock play and feel the MEGAsys merger and the Digital Ally partnership warrant some stock price appreciation, you could invest a single digital low percentage of your portfolio here.

For more information on Iveda, take a look at Iveda Solutions (OTCBB:IVDA) IVDA Investor Profile Page.

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