Coda Octopus Group, Inc. Announces Stock Ticker Symbol Change to COGI

Coda Octopus Group, Inc. Announces Stock Ticker Symbol Change to COGI

LAKELAND, FL, February 8^th, 2017 - Coda Octopus Group, Inc. (CODA) CDOC today announced that FINRA has approved a change of the Company's stock ticker symbol. Effective today, the Company's common shares will commence trading on the OTCQX under the trading symbol "COGI" COGI. The previous trading symbol was "CDOC" CDOC.

Annmarie Gayle, CODA's CEO commented, "Today we are excited to extend the branding of the Coda Octopus Group with the change of our stock symbol to COGI. This acronym ticker symbol better reflects our three group companies: Coda Octopus Products, Coda Octopus Colmek, and Coda Octopus Martech."

All CODA fillings and market related information will be reported under the new symbol COGI effective today. The CUSIP for the Company's common stock will remain unchanged. Outstanding stock certificates are not affected by the ticker symbol change and do no need to be exchanged.

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: info@codaoctopusgroup.com.

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, 2016 filed with the OTC Markets on January 31, 2017. 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