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ODESIA Closes a Private Placement of $750,000

MONTREAL, QUEBEC--(Marketwire - June 21, 2012) - ODESIA Group Inc. ("ODESIA" or "the Company") (TSX VENTURE:ODS), a corporation specialized in business-intelligence solutions and decision-process management, announces that it has closed a brokered private placement for gross proceeds of $750,000, in units at a subscription price of $ 0.20 per unit to Fonds Cote100 REA II Inc., subject to the final approval of the TSX Venture Exchange and others regulatory authorities ("Private Placement"). The broker appointed for this Private Placement is Avenue Modelcom Capital Partner Inc.

Each unit consists of one common share of Odesia ("Common Share") and a warrant. Each warrant entitles the holder thereof to purchase one Common Share at an exercise price of $ 0.25 for a period of 24 months from the date of the closing of the Private Placement. All of the Units, Common Shares and warrants that may be issued are subject to a mandatory holding period of four months and one day from the date of the closing of the Private Placement.

Avenue Modelcom Capital Partner Inc., a Montreal-based Exempt Market Dealer, is acting as agent for the Private Placement and receives a cash fee equivalent to 8% of the gross proceed of the Private Placement. A Director, Officer and principal shareholder of Avenue Modelcom Capital Partner Inc., M. Andre Brosseau, is also a Director of Odesia.

The use of funds will be allocated to the general working capital of Odesia.

Odesia has received an advance income tax ruling from the "Ministere du Revenu du Quebec" confirming that Odesia qualifies as a "qualified issuing corporation" and that the shares issued to qualified mutual funds in regards of the Private Placement qualifies as "qualifying shares" for inclusion in a Quebec Stock Savings Plan II. The inclusion in a Quebec Stock Savings Plan II in 2012 of the shares issued by Odesia today will entitle an individual (other than a trust) who is resident in Quebec on December 31, 2012 to deduct, in the computation of taxable income for Quebec tax purposes for his or her 2012 taxation year, 100% of the acquisition cost of the shares.

The Private Placement is subject to the final approval of the TSX Venture Exchange and other regulatory authorities.

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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