Altus Group Income Fund

Altus Group Income Fund

March 03, 2008 16:47 ET

Altus Group Finalizes the Acquisition of Quebec-Based Company That Provides Retail Research and Market Analysis

TORONTO, ONTARIO--(Marketwire - March 3, 2008) - Altus Group Income Fund ("Altus") (TSX:AIF.UN) announced today that it has completed the acquisition of Quebec-based Geocom Recherche Inc. and Geocom Sondages Inc. ("Geocom"). Altus Group financed this acquisition through a combination of cash, bank financing and limited partnership units.

"We are pleased by the added value that Geocom brings to Altus Group and plan to use our platform to leverage their excellent site selection capabilities across the country," said David Jenkins, President, Research, Valuation & Advisory, Altus Group. "Our clients rely on ready access to information that is recent, relevant and comprehensive. The addition of Geocom will allow Altus Group to deliver even greater value and increased insight."

Geocom has assembled significant data relating to a number of competitive sectors that gives the company an edge in identifying optimal locations and determining market potential. Incorporated in 1997, Geocom was the merger of two firms with over 20 years of experience in providing retail research and market analysis to help clients better understand market trends, including growth prospects, the competitive environment, customer profiles, customer behaviours and overall customer satisfaction.

"Geocom Recherche is delighted to become part of the Altus Group family," said Jean-Francois Grenier, President of Geocom Recherche, "We are convinced that this union will create synergies between both companies that will benefit our clients as well as our employees."

About Altus

Altus Group Income Fund is the leading multidisciplinary provider of independent real estate consulting and professional advisory services worldwide. With a staff of over 1,100, Altus has a Canadian national network of 30 offices in 23 cities throughout Canada and 6 offices throughout the UK. Altus operates as: Altus Research, Valuation and Advisory; Altus Cost Consulting; Altus Realty Tax Consulting; Altus Geomatics; and Altus Edwin Hill Altus UK LLP. Altus' clients include banks, financial institutions, governments, pension funds, asset and fund managers, developers and landlords, as well as companies engaged in the oil and gas industry.

Certain statements in this news 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 Altus and its subsidiary entities, including Altus Group Limited Partnership and Altus Group Limited, or the industry, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used, 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 Altus' publicly filed documents (which are available on SEDAR at

Those risks and uncertainties include: currency risk; 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 news release. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Altus 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 news release, and, except in accordance with applicable law, Altus assumes no obligations to update or revise them to reflect new events or circumstances. Additionally, Altus undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Altus, its financial or operating results, or its securities.

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