Altus Group Income Fund

Altus Group Income Fund

August 07, 2008 16:12 ET

Altus Group Finalizes the Acquisition of Commercial Data Solutions Corp.

TORONTO, ONTARIO--(Marketwire - Aug. 7, 2008) - Altus Group Income Fund ("Altus") (TSX:AIF.UN) announced today that it has completed the acquisition of Commercial Data Solutions Corp., which carries on business as ("S4L"). Altus financed the acquisition through a combination of cash, bank financing and equity.


S4L is a Vancouver-based company that offers office market information to the Canadian commercial real estate sector. Clients include commercial real estate owners, managers, brokers and tenants who utilize S4L services to market, locate and better understand commercial properties across Canada. By expanding Altus' current offerings and reducing data gathering costs, S4L will supplement Altus' existing leading real estate information service provider, Altus InSite.

"This acquisition will enhance our knowledge base and further solidify Altus as the Canadian leader in commercial real estate market information," said Sandy McNair, President, Altus InSite. "By extending our service offerings and subscription products, we will bring greater value to the marketplace."

For 10 years, Altus InSite has provided a national, consistent, accurate and independent product that focuses on the needs of asset, portfolio and risk managers and has become an essential and expanding source for the office, industrial and retail sectors.

"We are pleased to be joining the preeminent player in our industry and know our online presence will broaden Altus' substantial information resources," said S4L President Chris Walters. "We are elated to be part of this successful, expanding Canadian-based company."

About Altus Group

Altus Group is the leading multidisciplinary provider of independent real estate consulting and professional advisory services worldwide. With a staff of over 1,300, Altus Group has 30 offices in 23 cities throughout Canada and 8 offices throughout the UK. We operate as: Altus Research, Valuation and Advisory; Altus Cost Consulting; Altus Realty Tax Consulting, Altus Geomatics; Altus InSite; Altus Geocom; Altus Edwin Hill; and Altus Andrews. Altus' clients include banks, financial institutions, governments, pension funds, asset and fund managers, developers and landlords and companies engaged in the oil and gas industry.

Forward-Looking Statements

Certain statements in this press release may constitute "forward-looking" statements, which involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Fund and its subsidiary entities, including Altus Group Limited Partnership, Altus Group Limited, Altus Geomatics Limited Partnership and Altus UK LLP, or the industry, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. When used in this press release, such statements use words such as "may", "will", "expect", "believe", "plan" and other similar terminology. These statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including those described in the Fund's publicly filed documents including the Annual Information Form, Form 51-102F2, dated March 31, 2008 (available on SEDAR at

Those risks and uncertainties include: general state of the economy; reliance on and retention of professionals; ability to maintain profitability and manage growth; competition in the industry; performance of obligations / maintenance of client satisfaction; fixed price and contingency engagements; revenue and cash flow volatility; protection of intellectual property; dependence on multi-residential market; dependence on oil & gas sector; possible acquisitions; interest rate risk; currency risk; credit risk; seasonality and weather; appraisal mandates; economic dependence; restrictions on potential growth; operating risks; risks of future legal proceedings; insurance limits; and legislative and regulatory changes. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this press release. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Fund cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and, except in accordance with applicable law, the Fund assumes no obligations to update or revise them to reflect new events or circumstances. Additionally, the Fund undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Fund, its financial or operating results, or its securities.

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