Altus Group Income Fund

Altus Group Income Fund

August 07, 2008 10:09 ET

Altus Group Income Fund to Release Second Quarter Results

TORONTO, ONTARIO--(Marketwire - Aug. 7, 2008) - In conjunction with the release of its 2008 second quarter results for the period ended June 30, 2008, Altus Group Income Fund ("Altus") (TSX:AIF.UN) will host a conference call at 9:30 a.m. Eastern Daylight Time on Thursday, August 14, 2008.

Gary Yeoman, Chief Executive Officer, and Dale Lawr, Chief Financial Officer, of Altus Group Income Fund will review second quarter results and corporate developments. The second quarter financial highlights will be released by newswire Monday, August 11th.

To participate in this conference call, please dial one of the following numbers approximately five minutes prior to the commencement of the call:

1-866-902-2211 (toll free) or 416-695-9748 (GTA)

Should you be unable to participate, a recording of this call will be made available beginning at 11:30 a.m. EDT. To access the recording, please call 1-800-408-3053 or 416-695-5800 (passcode: 3268063). The recording will also be available at

About Altus

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 a national network of 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 LP, Altus Limited, Altus Geomatics 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, dated March 31, 2008 (which are available on SEDAR at and in this document under "Key Factors Affecting the Business". 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; integration of acquisitions; interest rate risk; currency risk; credit risk; seasonality and weather; appraisal mandates; customer concentration; 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.

Non-GAAP Measures

The Fund uses non-GAAP measures that are generally used by Canadian open-ended income funds as indicators of financial performance. Readers are cautioned that they are not defined performance measures under GAAP and may differ from similar computations as reported by other similar entities and, accordingly, may not be comparable to financial measures as reported by those entities. The Fund believes that these measures are useful supplemental measures that may assist investors in assessing an investment in units of the Fund ("Units").

Earnings before Interest, Taxes, Depreciation, Amortization and Non-Controlling Interest, ("EBITDA"), represents revenue less disbursements, salaries, general and administrative expenses but before interest, taxes, depreciation, amortization and non-controlling interest.

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