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Published on 1/27/2010 in the Prospect News PIPE Daily.

New Issue: Iveda pockets $1.4 million through private placement of common shares

By Devika Patel

Knoxville, Tenn., Jan. 27 - Iveda Corp. settled a $1.4 million private placement of stock on Jan. 21, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The company sold 1.4 million common shares at $1.00 apiece.

Based in Mesa, Ariz., Iveda, formerly Charmed Homes Inc., is a development-stage company that markets homes to potential buyers.

Issuer:Iveda Corp.
Issue:Common stock
Amount:$1.4 million
Shares:1.4 million
Price:$1.00
Warrants:No
Settlement date:Jan. 21
Stock symbol:OTCBB: IVDA
Stock price:$1.30 at close Jan. 21
Market capitalization:$16.6 million

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