SOURCE: Coda Octopus Group, Inc.

October 03, 2007 08:00 ET

Coda Octopus Group, Inc. Stock Listed on OTC Bulletin Board

NEW YORK, NY--(Marketwire - October 3, 2007) - Coda Octopus Group, Inc. (OTCBB: CDOC), engaged in underwater security and terrorism prevention, today announced that the Company's common stock will begin trading on the OTC Bulletin Board effective at the open of the market today. The Company's trading symbol remains CDOC.

Jason Reid, President and CEO, commented, "Being listed on the OTC Bulletin Board is part of our strategy to increase liquidity in the stock and enhance investor confidence in the Company. It is therefore an important milestone in our development as a public company."

About Coda Octopus Group, Inc.

Originally founded in 1994 as Coda Technologies, the Coda Octopus Group has grown to encompass five companies and is headquartered in New York. All of the Group companies operate within the technology innovation, product development and engineering services sphere with facilities in Washington, D.C., Florida, Utah, New York, the UK and Norway. Alongside providing custom engineering and development to navies, oil and gas, nuclear and medical clients around the world, one of the key products is the Coda Echoscope™ -- the first real time 3D subsea sonar. The Coda Echoscope™ is the heart of the Coda Underwater Inspection System™ being adopted for homeland security in ports around the world. With this patent revolutionizing subsea visualization, and the existing systems integration skills within Colmek Systems Engineering, Inc. and Martech Systems Engineering Ltd., the Coda Octopus Group companies believe they are well on the way to becoming the world's leading integrated sonar technology supplier.

For further information, please visit or contact Coda Octopus at

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.

Contact Information

  • Company Contact:
    Richard Lewis
    Corporate Development
    (212) 924-3442

    Investor Contact:
    Equity Communications
    Ira Weingarten
    (805) 897-1880
    Steve Chizzik
    (908) 688-9111

    Media Contact:
    Deanne Eagle
    (917) 837-5866