Coda Octopus Group Inc (CODA)

[Hegotgame]

LAKELAND, FL, Apr 30, 2012 (MARKETWIRE via COMTEX) -- Coda Octopus Group, Inc.
(PINKSHEETS: CDOC) was recently awarded and completed a contract for circa $3m
for the supply of six (6) of its Underwater Inspection Systems (UIS(TM)) to the
Lower Mississippi River Port-Wide Strategic Security Council. These systems will
be used by a number of ports in that region.

The Lower Mississippi River is reported to be the largest and one of the busiest
port systems in the world. It is also fast moving and has almost zero visibility
water, making it amongst the most difficult port environments to maintain. Each
of these UIS(TM) systems which include Echoscope(R) real-time 3D sonar
technology will be used, amongst other things, for essential safety duties, such
as ensuring that the shipping channels are kept clear of dangerous debris.

Blair Cunningham, our Chief Technology Officer, said, "We are very pleased to
welcome this very influential group of Louisiana ports to the fast growing
community of UIS(TM) users. The Coda Octopus UIS(TM) is proving itself
invaluable to operators. By using its real-time 3D capabilities it is providing
cost and time savings by enabling operators to see in real time underwater
objects in zero visibility conditions and thereby reducing significantly the
complexity of tasks and operations. We now have over 25 UIS(TM) in operation in
the US ports community, doing essential port and harbor security work every day
of the year. This is a testament to the incontrovertible benefits of deploying
this real time tool."

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 Utah and Weymouth, England. Each of the Group
companies are technology innovators with a particularly high level of sonar
expertise. The Group has facilities in Florida, Utah, the UK and Norway.

Alongside providing custom engineering and development for defense applications,
and oil and gas, companies, one of the Group's key products is the Coda
Echoscope(R) -- the first real time 3D sub-sea sonar. The Echoscope(R) is also
at the heart of the Underwater Inspection System(TM) which is being adopted for
homeland security, and other applications in ports around the world.

With this patented revolutionizing sub-sea visualization capability, and the
existing systems integration skills within Colmek Systems Engineering, Inc. and
Martech Systems Engineering Ltd., the Coda Octopus Group believes they 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 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.





Company Contact:

Geoff Turner

Director and Group Officer

[e-mail]





SOURCE: Coda Octopus Group, Inc.




CONTACT: mailto:[e-mail]




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SUBJECT CODE: Aerospace and Defense:Electronics and Communications

Aerospace and Defense:Marinecraft

Electronics and Semiconductors:Electronic Components