Bottom Fish Stocks (between .10 and$10)

[Katfish]

CDOCD- $2.80

Preliminary Unaudited Financial Results for Fiscal Year 2016January 11, 2017 Coda Octopus Group, Inc. (CODA) announced its preliminary unaudited financial results for the fiscal year ended October 31, 2016. It is anticipated that audited results will be published by January 30, 2017.

CODA anticipates reporting total revenue of approximately $21.1 million for the year ended October 31, 2016 compared to $19.234 million for the year ended October 31, 2015, an increase of approximately 10%. The Company anticipates reporting net income of approximately $4.6 million for the year ended October 31, 2016 compared to $1.070 million for the year ended October 31, 2015. Operating expenses for the year ended October 31, 2016 were approximately $7.1 million compared to $8.481 million for the year ended October 31, 2015.

These are unaudited preliminary results and may be changed upon completion of the audit.

The Company`s Fiscal Year 2016 Annual Report will be available on or around January 30, 2017 at http://www.otcmarkets.com/stock/CDOCD/filings.

Annmarie Gayle, CODA’s CEO commented: “These preliminary unaudited results indicate another strong year for Coda Octopus Group. I look forward to giving a full breakdown later this month. All of our businesses have been successful during a difficult year when the price of oil has stayed low. When taken with our reverse stock split also announced today they underline management’s determination to build the business and therefore shareholder value going forward.”