The VH-410 is a point-and-shoot addition to the company's range, while the VH-515 model is a "high performance" alternative.
Offering a 16-megapixel CCD sensor, touchscreen and 5x optical zoom, the Stylus VH-410 is capable of shooting high definition movies in 1280x720. Additional features include a 3-inch rear touchscreen, Eye-Fi memory card support, and dual IS image stabilisation.
The Olympus Stylus VH-515 comes in a range of colours and features a 12-megapixel, back-illuminated CMOS sensor, 8x optical zoom with Super Resolution for capturing high quality images, and 1920x1080 HD video capture.
Olympus will launch the Stylus VH-515 in mid-September, while the Stylus VH-410 is slated for release the following month.
Pricing for the cameras has yet to be announced.