Bottom Fish Stocks (between .10 and$10)

[Katfish]

COGI - 4.65 New symbol for this stock.

CDOCD - 4.65 Audited annual report issued today:

http://finance.yahoo.com/news/coda-octopus-group-inc-reports-140202721.html

LAKELAND, FL, January 31, 2017 - Coda Octopus Group, Inc. (CDOCD) today reported its audited financial results for its fiscal 2016 year, ended October 31, 2016. This reporting updates the Company`s preliminary unaudited fiscal 2016 financial results, which were reported on January 11, 2017.

CODA reported total revenue of approximately $21.118 million for the Current Year as compared to $19.234 million for the Prior Year ended October 31, 2015, an increase of 9.8%. The Company reported net income of approximately $4.930 million for the Current Year compared to $1.070 million for the Prior Year, an increase of 360.7%. Operating expenses for the Current Year were $7.114 million compared to $8.481 million for the Prior Year, a reduction of 16.1%.

The Company`s full financial results including its Annual Report for Fiscal Year 2016 is available at

www.otcmarkets.com/stock/CDOCD/filings.

Annmarie Gayle, CODA`s CEO commented: "I am pleased to announce another excellent set of annual results for the Coda Octopus Group. This was despite a reduction of about 15 percent in the dollar value of our UK-based assets and sales, resulting from the depreciation of the British Pound against the Dollar since the UK voted to leave the European Union."

"This is another significant mark in our progress to date and we believe this strong growth, combined with our recently announced reverse stock split and move to the OTCQX, strengthens the framework for increased shareholders` value."

"We intend to continue to make progress geared towards increased shareholder value and will be introducing several new product offerings, both in our patented real-time 3D products and in additional product sets, over the next several months. In addition, our engineering services business is projecting another strong year of growth."

About Coda Octopus Group, Inc.

Originally founded in 1994 as Coda Technologies, the Coda Octopus Group`s patented real-time 3D subsea sonar technology, Echoscope®, enables real-time 3D imaging and mapping in zero visibility conditions underwater, and is used globally in numerous applications including defense, marine construction, oil and gas subsea infrastructure installation and surveys, and port and harbor security. For further information, please visit http://www.codaoctopusgroup.com or contact us at:

[e-mail].

Forward Looking Statement

This press release contains forward-looking statements concerning Coda Octopus Group, Inc. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those forward-looking statements include, without limitation, statements regarding the Company`s expectations for the growth of the Company`s operations and revenue. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, customer demand for our products and market prices; the outcome of our ongoing research and developments efforts relating to our products including our patented real time 3D solutions; our ability to develop the sales force required to achieve our development and those other examples of forward looking statement set forth in our annual report for the year ended October 31, 2015 filed with the OTC Markets on February 26, 2016 and subsequently filed quarterly reports. Coda Octopus Group, Inc. does not undertake, and specifically disclaims any obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur.

Contact:

MDC Group
Investor Relations:
David Castaneda
Arsen Mugurdumov
414.351.9758
Media Relations:
Susan Roush
805.624.7624