March 03, 2006 13:04 ET

Coda Octopus to Present at New York Society of Security Analysts' Homeland Security Industry Conference

NEW YORK, NY -- (MARKET WIRE) -- March 3, 2006 --Coda Octopus Group, Inc (OTC: CDOC), a world leader in 3D subsea technology with key applications in homeland security and defense, announced today that the Company will present at the New York Society of Security Analysts' Homeland Security Industry Conference at the Harvard Club in New York on March 14th, 2006 at 4:30 pm EST. The presentation will review the Company's background, its financial performance and plans for continued growth.

Jason Reid, CEO, commented, "At this very exciting juncture in its history, Coda Octopus remains focused on generating profitable growth. The introduction in 2005 of our revolutionary 3D real time sonar, the Coda Echoscope, enables us to target markets that will drive this growth, in particular, homeland security, where there is worldwide interest in this new technology that can help protect ports and harbors from acts of terror."

Interested persons are invited to listen to a real time audio web cast of the Company's presentation, which will be accompanied by slides, by logging onto http://www.shareholder.com/CDOC/medialist.cfm. Alternatively, an archived version of the presentation will be available on the Company's website (http://www.codaoctopus.com), in the Investor Relations section.

About Coda Octopus

Founded in 1994 as Coda Technologies, Coda Octopus is recognized internationally as a leading developer of underwater technologies for imaging, mapping, defense and survey applications. Based in New York, with R&D and manufacturing facilities in the UK and Norway, its key products include Octopus precision motion sensors, Coda and Octopus marine software and systems, Octopus thermal printers and the unique Coda Echoscope -- the first real-time 3D subsea sonar -- with particular applications in the homeland security and construction markets. With this patented new product, which revolutionizes subsea visualization, Coda Octopus believes it is well on its way to becoming the world's leading sonar technology company.

For further information, please visit http://www.codaoctopus.com or contact Coda Octopus at info@codaoctopus.com

Safe Harbor Statement: Except for historical information, the matters set forth herein, which are forward-looking statements, involve certain risks and uncertainties that could cause actual results to differ. Potential risks and uncertainties include, but are not limited to, market acceptance of Coda Octopus' planned products and their level of sales, the competitive environment and successful technical and economic implementation.