"Faith and Frank are both highly experienced and have had accomplishedcareers in their fields of expertise. They bring invaluable and differentknowledge to bear, Faith from the investment banking world, and Frank fromthe sphere of governmental relations, and I am sure that they will becomekey members of the Company's Board of Directors as it seeks to guide theCompany to greater growth and success," commented Jason Reid, Coda OctopusPresident and CEO.

Faith Griffin, who will also Chair the Company's Audit Committee, has over35 years' experience specializing in investment research and financingrelating to emerging technology companies, first as analyst and later asinvestment banker for several investment banking firms, including Fahertyand Swartwood, Tucker Anthony, LF Rothschild Unterbeg Towbin, Rodman &Renshaw and Josephthal & Co. Faith is currently a Director of EnherentCorp, a New York based public company in the information technology serviceand solutions field. She has a BA in Mathematics from Franklin & MarshallCollege and an MBA in Finance from New York University.

Frank Moore served under President Jimmy Carter from 1977-1981 as Assistantto the President with chief responsibility for relations with Congress,after having served as Chief of Staff to Jimmy Carter during his term asGovernor of Georgia. From 1982-1998, Frank was Vice President forGovernment Affairs and Public Policy at Waste Management. He has workedfor Coda Octopus Group, Inc. since May 1, 2006 as Senior Vice PresidentGovernment Relations. Frank is also a Director of the Company's subsidiary,Colmek Systems Engineering, an engineering contractor in the defensesector. He earned his BBA from the University of Georgia and completed theAdvanced Management Program at Harvard Business School.

About Coda Octopus Group, Inc.

Originally founded in 1994 as Coda Technologies, the Coda Octopus Group hasgrown to encompass five companies and is headquartered in New York. All ofthe Group companies operate within the technology innovation, productdevelopment and engineering services sphere with facilities in WashingtonD.C., Florida, Utah, New York, the UK and Norway. Alongside providingcustom engineering and development to navies, oil and gas, nuclear andmedical clients around the world, one of the key products is the CodaEchoscope(TM) -- the first real time 3D subsea sonar. The CodaEchoscope(TM) is the heart of the Coda Underwater Inspection System(TM)being adopted for homeland security in ports around the world and which canbe linked to land based surveillance systems utilizing secure wirelesscommunications developed by Innalogic, Inc. With this patentrevolutionizing subsea visualization, and the existing systems integrationskills within Colmek Systems Engineering and Martech Systems Ltd, the CodaOctopus Group companies believe they are well on the way to becoming theworld's leading integrated sonar technology supplier.

For further information, please visit http://www.codaoctopusgroup.com orcontact Coda Octopus at info@codaoctopusgroup.com.

Safe Harbor Statement:

This press release contains certain forward-looking statements. Theseforward-looking statements can generally be identified as such because thecontext of the statement will include words such as Coda Octopus Groupplans, expects, should, believes, anticipates or words of similar import.Stockholders, potential investors and other readers are cautioned thatthese forward-looking statements are predictions based only on currentinformation and expectations that are inherently subject to risks anduncertainties that could cause future events or results to differmaterially from those set forth or implied by the forward-lookingstatements. Certain of those risks and uncertainties are discussed inregistration statement on Form SB-2 and include, but are not limited to,market acceptance of Coda Octopus' planned products and their level ofsales, access to the capital necessary to finance and grow the business, ahighly competitive environment in the security field that includes numerouslarge and well established companies much larger than ours, and our abilitysuccessfully to deploy our technologies and products to meet the technicaldemands and market requirements of our customers. These forward-lookingstatements are only made as of the date of this press release and CodaOctopus Group does not undertake any obligation to publicly update suchforward-looking statements to reflect subsequent events or circumstances.