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re CDOC($.07), lawsuit settled; no details, though


Coda Octopus Group, Inc. - Settlement of Lawsuit


Lakeland, Fl. (May 22(nd) 2015) - Coda Octopus Group, Inc. (OTC: CDOC),
reports that the lawsuit against the Company intitiated by Iroquois
Master Fund Limited, Rockmore Investment Master Fund Ltd., Cranshire
Capital, LP, Scot Cohen, Richard Abbe, Philip Mirabelli And Joshua
Silverman has been settled between the parties.

Annmarie Gayle, Group CEO said "This settlement allows the Business to
focus on bringing real value to its shareholders and stakeholders"






About Coda Octopus Group, Inc.

Originally founded in 1994 as Coda Technologies, the Coda Octopus Group
is now headquartered in Lakeland, Florida. The Group consists of a
Marine Products business in Florida and Edinburgh, Scotland, and
engineering businesses in Salt Lake City, USA and Portland, England.
Each of the Group companies are technology innovators with a
particularly high level of sonar expertise. Coda Octopus Colmek has
longstanding relationships in the USA with Prime Defense Contractors.
The Group has facilities in Florida, Salt Lake City, the UK (Scotland
and England), Australia and Norway. Alongside providing bespoke
engineering and development for defense applications one of the Group's
key products is the patented Coda Echoscope(R) - the first real time 3D
sub-sea sonar which is used in oil and gas, underwater construction,
search and rescue operations and port and harbor security and
constructions. The top end software which runs on the Echoscope(R)
(Underwater Survey Explorer) is also proprietary to Coda Octopus. The
Echoscope(R) is also at the heart of the Underwater Inspection System
which is being adopted for port and harbor security, and other
applications globally. We have a number of products which are based on
our real time 3D technology (Echoscope(R), Underwater Inspection System
and Dimension(R) (the latter being a forward looking real time sonar
targeted at ROV applications)). With this patented revolutionizing
sub-sea visualization capability, and the existing systems integration
skills within Coda Octopus Colmek, Inc. and Coda Octopus Martech Ltd.,
the Coda Octopus Group believes it can become a world leading integrated
sonar technology supplier. For further information, please visit
http://www.codaoctopusgroup.com or contact Coda Octopus at
[e-mail].

Safe Harbor Statement:

This press release contains certain forward-looking statements. These
forward-looking statements can generally be identified as such because
the context of the statement will include words such as Coda Octopus
Group plans, expects, should, believes, anticipates or words of similar
import. Stockholders, potential investors and other readers are
cautioned that these forward-looking statements are predictions based
only on current information and expectations that are inherently subject
to risks and uncertainties that could cause future events or results to
differ materially from those set forth or implied by the forward-looking
statements. Certain of those risks and uncertainties are discussed in
registration statement on Form SB-2 and its current filings which can be
found at http://www.otcmarkets.com/stock/CDOC/filings and include, but
are not limited to, market acceptance of Coda Octopus' planned products
and their level of sales, access to the capital necessary to finance and
grow the business, a highly competitive environment in the security
field that includes numerous large and well established companies much
larger than ours, and our ability successfully to deploy our
technologies and products to meet the technical demands and market
requirements of our customers. These forward-looking statements are
only made as of the date of this press release and Coda Octopus Group
does not undertake any obligation to publicly update such
forward-looking statements to reflect subsequent events or
circumstances.

This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.

Source: Coda Octopus Group, Inc. via Globenewswire

HUG#1923587


http://www.codaoctopus.com