ODS

ODESIA Group Inc. ("ODESIA" or "the Company")(TSX VENTURE:ODS), an international
corporation specialized in delivering business-intelligence solutions ("BI"),
decision-process management and business analytics, is pleased to announce its
2011 third quarter results. 


"During the last quarter we have invested in ourselves to make sure ODESIA is
better positioned in the BI market. Thanks to our new representatives and
promotional efforts, we have won new customers such as TVA, AVEOS, SNCF, Lafarge
and Bouygues Telecom" declared Nicolas Bonnafous, ODESIA's President and Chief
Executive Officer.


Third quarter 2011 Highlights 



--  Sales of the Company decreased by $297,000 or 11%, from $2,704,000 in
    Q3 2010 to $2,407,000 in Q3 2011. 
--  ODESIA decided to cease activities in Mexico following a strategic
    review of available options regarding its Mexican subsidiaries. 
--  ODESIA realized an improved gross profit of 36% or $855,000 in Q3 2011
    compared to a gross profit of 29% or $781,000 in Q3 2010. 
--  The Company realized an operating profit of $167,000, an increase of
    $16,000, or 11% from the operating profit of $151,000 realized during
    the same quarter last year.  
--  ODESIA realized net earnings of $86,000 compared to $174,000 during the
    same period last year. 



Selected financial information Selected financial information

Income statement



                                                                           
                     For the three-month period   For the nine-month period
($000's except per          ended September 30,         ended September 30,
 share amounts)                     (unaudited)                 (unaudited)
                   --------------------------------------------------------
                         2011              2010     2011               2010
---------------------------------------------------------------------------
Sales                   2,407             2,704    7,177              8,922
Gross profit              855               781    2,283              2,622
Operating profit          167               151      216                540
Net earnings                                                               
 (loss)                    86               174      (62)               177
Basic and diluted                                                          
 net earnings                                                              
 (loss) per share                                                          
 attributable to                                                           
 owners of ODESIA       0.002             0.005   (0.003)             0.005



Statement of financial position



                                                                           
                                                                           
                                  September 30,  December 31,    January 1,
($000's)                                   2011          2010          2010
---------------------------------------------------------------------------
Total assets                              4,326         4,824         5,317
Convertible debentures and long-                                           
 term debt including short-term                                            
 portions                                   864           847           847



Additional information on the third quarter ended September 30, 2011 

The financial information regarding the third quarter ended September 30, 2011
should be read in parallel with the Company's consolidated financial statements
and MD&A (Management Discussion and Analysis). These documents can be found on
www.sedar.com


About ODESIA Group Inc. 

ODESIA is an international corporation specialized in business-intelligence (BI)
solutions, decision-process management and business analytics for large and
medium-sized companies. The Company provides customers with a complete solution,
regardless of technical challenges involved. For more information visit us at
www.odesia.com  


Disclaimer in regards to forward-looking statements 

This press release contains forward-looking statements which reflect ODESIA's
current expectations regarding future events and may involve risks or
uncertainties. Actual results could differ materially from those projected
herein.

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